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TXNM Energy, Inc.

TXNMUtilitiesNASDAQ

Utilities - Regulated Electric

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Financials · Annual
Revenue
$2.17B
+9.9% YoY
Net Income
$151.9M
-37.4% YoY
EBITDA
$934.9M
+0.4% YoY
Free Cash Flow
-$634.1M

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About TXNM Energy, Inc.

Part of the utilities sector, TXNM Energy, Inc. (TXNM) is listed under Utilities - Regulated Electric. Valued at $6.56B, TXNM is a mid-cap name in its sector. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate.

Key stats
Market Cap$6.56B
P/E (TTM)42.01
Fwd P/E17.97
EPS$1.41
Beta0.17
52W Change+4.8%
Dividend Yield2.85%
ROE5.4%
Analysis

On the balance sheet, TXNM has $5.6M in cash with $5.77B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$634.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 5.4%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.1% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $2.25B (2022) to $2.17B (2025).

TXNM's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing TXNM's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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TXNM — TXNM Energy, Inc. Technical Analysis | Scanance