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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TXNM Energy
TXNM Energy (TXNM) investor relations material
TXNM Energy Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 electric operating revenue was $733.3M, operating income $271.1M, net earnings attributable to common stockholders $163.4M and GAAP diluted EPS $1.50; ongoing diluted EPS was $1.62.
Nine-month attributable net earnings were $238.4M and GAAP diluted EPS $2.15, versus $161.2M and $1.63 in 2025; ongoing diluted EPS was $2.42 versus $1.87.
PNM and TNMP earnings improved, supported by rate relief, load and warmer weather; record summer heat drove new system peaks at both utilities.
Financial highlights
Q3 electric operating revenue was $733.3M versus $647.2M; operating income was $271.1M versus $202.9M.
Q3 net earnings attributable to common stockholders were $163.4M versus $130.7M; ongoing net earnings were $184.8M versus $142.8M.
Nine-month electric operating revenue was $1,786.8M versus $1,632.4M; operating income was $471.4M versus $347.5M.
Operating cash flow was $452.5M for 9M; utility plant additions were $903.0M and investing cash outflow was $908.1M.
Outlook and guidance
Earnings guidance is suspended during the proposed Blackstone Infrastructure transaction; closing is anticipated in H1 2027, subject to remaining conditions including NMPRC approval.
NMPRC evidentiary hearings on the transaction are scheduled for Jan. 19–Feb. 1, 2027.
Projected 2026–2030 capital requirements total $11.1B, including $10.2B of construction expenditures and $920.4M of common-stock dividends; additional long-term debt and/or equity financing is expected.
PNM’s 2026–2045 IRP and Distribution System Plan address reliability, affordability, load growth, transmission and grid modernization; supplemental RFP bid evaluation is on hold.
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Latest events from TXNM Energy
- Earnings surged on strong load growth and rate relief; merger closing extended to 2027.TXNM
Q2 2026 - All director nominees, auditor, and executive compensation proposals were approved.TXNMAGM 2026
- Ongoing earnings rose and capital plans expanded, but GAAP EPS fell amid acquisition progress.TXNMQ1 2026
- Annual meeting covers director elections, merger progress, and strong governance and ESG focus.TXNMProxy filing
- Earnings fell on higher costs and charges; Blackstone deal nears completion pending final approvals.TXNMQ4 2025
- Q3 2024 EPS $1.45; guidance $2.70–$2.75; grid investments and load growth drive outlook.TXNMQ3 2024
- Q2 2024 EPS beat, guidance held, and major grid investments and a name change announced.TXNMQ2 2024
- All management proposals, including a company name change, were approved by shareholders.TXNMAGM 2024
- 2024 ongoing EPS hit $2.74, 2025 guidance strong, $7.8B plan targets 7–9% growth.TXNMQ4 2024
Next TXNM Energy earnings date
Q4 20265 Feb, 2027
TXNM Energy
Next TXNM Energy earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
PNM Resources Inc is an energy holding company engaged in the generation, transmission, and distribution of electricity. Through its regulated utility subsidiaries, the company provides electric services to residential, commercial, and industrial customers. PNM Resources operates power generation facilities and maintains a network of transmission and distribution infrastructure. Its operations are primarily located in New Mexico and Texas, and it is involved in both traditional and renewable energy sources to meet customer demand. The company is headquartered in Albuquerque, New Mexico, and its shares are listed on the NYSE.