(TXNM) TXNM Energy - Ratings and Ratios

TXNM Energy, Inc. is a diversified energy company that operates through two primary segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is involved in the generation, transmission, and distribution of electricity, utilizing a range of energy sources including coal, natural gas, oil, nuclear fuel, and renewable sources such as solar, wind, and geothermal energy, as well as battery storage. This segment owns and leases various assets, including communications equipment, office space, vehicles, and real estate, to support its operations.

The TNMP segment, on the other hand, focuses on providing regulated transmission and distribution services, ensuring the reliable delivery of electricity to customers. This segment also maintains a network of vehicles, service facilities, and office locations throughout its service territory, which spans parts of Texas and New Mexico. By operating through these two segments, TXNM Energy, Inc. is able to serve a wide range of customers, including residential, commercial, and industrial users, providing them with access to a stable and efficient energy supply.

With a history dating back to 1882, TXNM Energy, Inc. has established itself as a major player in the energy industry, with a strong presence in the southwestern United States. The company's commitment to using a mix of traditional and renewable energy sources reflects its efforts to balance the need for reliable energy with the need to reduce its environmental impact. As a publicly traded company listed on the New York Stock Exchange (NYSE), TXNM Energy, Inc. is subject to the scrutiny of investors and regulators, and is expected to maintain high standards of transparency and accountability in its operations.

In terms of its corporate structure, TXNM Energy, Inc. was formerly known as PNM Resources, Inc., but changed its name in August 2024 to reflect its expanded scope and operations. The company is headquartered in Albuquerque, New Mexico, and can be found online at https://www.txnmenergy.com, where investors and customers can access information about its services, financial performance, and corporate governance. As a common stock, TXNM Energy, Inc. is classified under the GICS Sub Industry category of Electric Utilities, reflecting its core business of generating, transmitting, and distributing electricity to customers.