Pulling SEC filings + quote and writing the call…

TXNM ENERGY INC
Next earnings Jul 30, 2026 · consensus $0.52 EPS, $565M rev
Last earnings +0.2% on 2026-05-01
Blackstone cash merger at $61.25 is mostly approved; ~7% spread to $57.06 with most conditions cleared.
Sources: SEC EDGAR (CIK 0001108426, latest 10-Q filed 2026-05-01) · EODHD · analysis by claude-code · as of 6/21/2026, 8:44:24 PM.
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The fundamentals carry the rating, but the price is rich (~82% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
TXNM is now fundamentally a merger-arbitrage situation rather than an open-ended fundamental call. On May 18, 2025, TXNM signed a definitive agreement under which each share converts into the right to receive $61.25 in cash, with no financing condition. Shareholders approved the deal in August 2025, the HSR waiting period has expired without objection, and the FCC, FERC and PUCT have all signed off — FERC explicitly rejected claims tied to data centers, private equity ownership and cross-subsidization. With the stock at $57.06, the roughly 7% gross spread to the $61.25 cash price is the core of the thesis, and management expects closing in the second half of 2026.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.74B | $2.25B | $1.91B | $1.96B | $2.14B |
| Gross profit | $649M | $740M | $656M | — | — |
| Operating income | $308M | $394M | $231M | $453M | $441M |
| Net income | $212M | $185M | $107M | $259M | $170M |
| Diluted EPS | $2.27 | $1.97 | $1.02 | $2.67 | $1.48 |
| Net margin | 12.1% | 8.2% | 5.6% | 13.2% | 7.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1071 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-06-10 | BAILEY VICKY A Director | Award | 2.70K | |
| 2026-06-10 | Maestas Steven Director | Award | 2.70K | |
| 2026-06-10 | Gutierrez Sidney M. Director | Award | 2.70K | |
| 2026-06-10 | CONLEY E RENAE Director | Award | 2.70K | |
| 2026-06-10 | BECKER NORMAN P. Director | Award | 2.70K | |
| 2026-06-10 | HUGHES JAMES ALTON Director | Award | 2.70K | |
| 2026-06-10 | Montoya Lillian J Director | Award | 2.70K | |
| 2026-06-10 | MULLARKEY MAUREEN T Director | Award | 2.70K |