TXNM Energy today released its financial results for the first quarter of 2025, reporting GAAP net earnings attributable to TXNM Energy of $8.9 million, or $0.10 per diluted share. This compares to $47.2 million, or $0.52 per diluted share, in the first quarter of 2024.
The company's ongoing net earnings for the first quarter of 2025 were $18.1 million, or $0.19 per diluted share, compared to $37.0 million, or $0.41 per diluted share, in the prior year period. Management stated that the first quarter earnings results are on track with full-year expectations.
TXNM Energy affirmed its 2025 consolidated ongoing earnings guidance range of $2.74 to $2.84 per diluted share and maintained its long-term earnings growth target of 7% to 9%. The company highlighted strong growth and capital recovery at TNMP and the ongoing regulatory approval process for PNM's unopposed rate case stipulation.
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