TXNM Energy Q3 revenue rises 13.3% to $733.3M; merger closing pushed to H1 2027

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Merger with Blackstone Infrastructure now expected to close in the first half of 2027, delayed from the second half of 2026, with five regulatory approvals secured and only NMPRC approval outstanding.

  MD&A: Merger timing verify on EDGAR →
• high

  Parent termination fee reduced from $350 million to $175 million under a July 2026 waiver, and the merger termination deadline extended to May 31, 2027.

  Notes: Merger termination fee waiver verify on EDGAR →
• high

  Net income rose 23.3% to $168.0 million, with diluted EPS up 23.0% to $1.50.

  Key Financials view on EDGAR →