TXNM Energy, Inc. Price & Performance (TXNM)

TXNM Energy has finalized a $300 million senior unsecured notes deal, split between $125 million at 5.75% due in 2032 and $175 million at 6.13% due in 2037. Proceeds will address debt, capital projects, and general needs. The move strengthens TXNM’s balance sheet amid ongoing strategic initiatives and possible corporate changes.12

A key stipulation in PNM’s 2025 rate request, backed by multiple stakeholders, is set for approval by New Mexico regulators. The plan authorizes a $105 million revenue boost, with half the increase effective July 2025 and the remainder in April 2026, supporting infrastructure and operational investments.34

PNM’s compliance filings, in response to federal reforms on generator interconnection studies, are on the Federal Energy Regulatory Commission’s April agenda. The outcome will affect how PNM manages large-scale energy projects and aligns with national efforts to streamline grid access for new generation resources.56