TXNM Stock Analysis: TXNM Energy | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 6.450m USD | 12M Return: 6.3% | US69349H1077 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 92.0M
EPS Trend: -70.2%
Qual. Beats: 0
Rev. Trend: 72.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TXNM Energy, Inc. is a U.S. regulated electric utility holding company that, through its subsidiaries, generates, transmits, and distributes electricity to retail customers across New Mexico and Texas. The company serves residential, commercial, and industrial end-users and supports its operations with a portfolio of owned and leased assets, including energy storage facilities, service and office locations, vehicles, and real estate. TXNM was founded in 1882, is headquartered in Albuquerque, New Mexico, and was renamed from PNM Resources, Inc. in August 2024.
As a member of the electric utilities sub-industry, TXNM operates under a regulated utility business model, where state public utility commissions oversee rates and service standards in exchange for a defined service territory. Vertically integrated utilities like TXNM typically recover costs through rate-base mechanisms, with returns influenced by approved capital investments in generation, transmission, and distribution infrastructure.
- New Mexico rate case decision drives allowed return on equity
- Texas transmission buildout expands rate base growth
- Rising interest costs pressure utility capital expenditure plans
| Net Income: 196.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 2.76 > 1.0 |
| NWC/Revenue: -23.47% < 20% (prev -26.91%; Δ 3.44% < -1%) |
| CFO/TA 0.05 > 3% & CFO 662.7m > Net Income 196.4m |
| Net Debt (5.93b) to EBITDA (1.01b): 5.86 < 3 |
| Current Ratio: 0.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.2m) vs 12m ago 15.63% < -2% |
| Gross Margin: 39.56% > 18% (prev 38.91%; Δ 0.65% > 0.5%) |
| Asset Turnover: 18.48% > 50% (prev 17.40%; Δ 1.08% > 0%) |
| Interest Coverage Ratio: 1.70 > 6 (EBIT TTM 568.4m / Interest Expense TTM 335.1m) |
| A: -0.04 (Total Current Assets 660.4m - Total Current Liabilities 1.18b) / Total Assets 12.5b |
| B: 0.07 (Retained Earnings 895.1m / Total Assets 12.5b) |
| C: 0.05 (EBIT TTM 568.4m / Avg Total Assets 12.1b) |
| D: 0.40 (Book Value of Equity 3.55b / Total Liabilities 8.89b) |
| Altman-Z'' = 0.69 = B |
| DSRI: 1.00 (Receivables 312.1m/284.9m, Revenue 2.23b/2.03b) |
| GMI: 0.98 (GM 38.91% / 39.56%) |
| AQI: 1.00 (AQ_t 0.17 / AQ_t-1 0.17) |
| SGI: 1.10 (Revenue 2.23b / 2.03b) |
| TATA: -0.04 (NI 196.4m - CFO 662.7m) / TA 12.5b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at USD 58.52 with a total of 1,245,746 shares traded. Over the past week, the price has changed by +0.14%, over one month by +2.11%, over three months by +2.54% and over the past year by +6.33%.
Current recommended Stop Loss: 57.50 (which is 1.7% or 2.8 ATR below the current price).
TXNM Energy has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy TXNM.
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60.7 | 3.7% |
P/E Trailing = 32.0055
P/E Forward = 18.0505
P/S = 2.8873
P/B = 1.6942
P/EG = 2.5507
Revenue TTM = 2.23b USD
EBIT TTM = 568.4m USD
EBITDA TTM = 1.01b USD
Long Term Debt = 5.19b USD (from longTermDebt, last quarter)
Short Term Debt = 717.9m USD (from shortTermDebt, last quarter)
Debt = 5.95b USD (corrected: LT Debt 5.19b + ST Debt 717.9m) + Leases 41.9m
Net Debt = 5.93b USD (calculated: Debt 5.95b - CCE 14.6m)
Enterprise Value = 12.4b USD (6.45b + Debt 5.95b - CCE 14.6m)
Interest Coverage Ratio = 1.70 (Ebit TTM 568.4m / Interest Expense TTM 335.1m)
EV/FCF = -24.67x (Enterprise Value 12.4b / FCF TTM -502.0m)
FCF Yield = -4.05% (FCF TTM -502.0m / Enterprise Value 12.4b)
FCF Margin = -22.47% (FCF TTM -502.0m / Revenue TTM 2.23b)
Net Margin = 8.79% (Net Income TTM 196.4m / Revenue TTM 2.23b)
Gross Margin = 39.56% ((Revenue TTM 2.23b - Cost of Revenue TTM 1.35b) / Revenue TTM)
Gross Margin QoQ = 39.94% (prev 34.83%)
Tobins Q-Ratio = 0.99 (Enterprise Value 12.4b / Total Assets 12.5b)
Interest Expense / Debt = 5.63% (Interest Expense 335.1m / Debt 5.95b)
Taxrate = 8.57% (20.1m / 234.5m)
NOPAT = 519.6m (EBIT 568.4m * (1 - 8.57%))
Current Ratio = 0.56 (Total Current Assets 660.4m / Total Current Liabilities 1.18b)
Debt / Equity = 1.67 (Debt 5.95b / totalStockholderEquity, last quarter 3.55b)
Debt / EBITDA = 5.86 (Net Debt 5.93b / EBITDA 1.01b)
Debt / FCF = -11.82 (negative FCF - burning cash) (Net Debt 5.93b / FCF TTM -502.0m)
Total Stockholder Equity = 3.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.62% (Net Income 196.4m / Total Assets 12.5b)
RoE = 5.67% (Net Income TTM 196.4m / Total Stockholder Equity 3.46b)
RoCE = 6.57% (EBIT 568.4m / Capital Employed (Equity 3.46b + L.T.Debt 5.19b))
RoIC = 4.32% (NOPAT 519.6m / Invested Capital 12.0b)
WACC = 5.72% (E(6.45b)/V(12.4b) * Re(6.24%) + D(5.95b)/V(12.4b) * Rd(5.63%) * (1-Tc(0.09)))
Discount Rate = 6.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.60 | Cagr: 9.59%
[DCF] Fair Price = unknown (Cash Flow -502.0m)
EPS Correlation: -70.15 | EPS CAGR: -8.03% | SUE: 0.13 | # QB: 0
Revenue Correlation: 72.42 | Revenue CAGR: 5.47% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.48 | Chg30d=+4.40% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=2.87 | Chg30d=+0.35% | Revisions=-25% | GrowthEPS=+23.2% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=3.25 | Chg30d=-0.25% | Revisions=+25% | GrowthEPS=+13.3% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +0% (up=1, down=1)