TXNM net income jumps 230% to $71.3M on merger progress and higher rates

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Net income rose 230.3% to $71.3M, but the gain was driven by below-the-line items, not operations; operating income grew 70% to $123.3M.

  MD&A: Earnings verify on EDGAR →
• medium

  Customer base grew by ~7,000 to 846,000, and renewable capacity expanded from 2,779 MW to 3,409 MW.

  MD&A: Operations verify on EDGAR →
• medium

  New Texas wildfire mitigation rule requires TNMP to file a plan by Sept 30, 2026; potential compliance costs not yet quantified.

  MD&A: Regulatory verify on EDGAR →