TXNM TXNM Energy, Inc.

PNM Resources reported its third-quarter earnings, which showed a decrease in profit compared to the same period last year. The company's revenue for the quarter also fell short of analyst expectations. This snapshot provides key financial figures for the utility.

TXNM Energy Inc., the parent company of PNM, is reportedly exploring a potential sale after receiving takeover interest. This development comes as the company continues to meet its earnings goals and project future growth. A sale would require approval from the New Mexico Public Regulation Commission, similar to a previously rejected merger attempt.

This article indicates that the content requested is unavailable due to "Too Many Requests". It suggests a potential report about PNM's holding company considering a sale, following the failed Avangrid merger. However, no actual content is provided to confirm or elaborate on this.

TXNM Energy, serving customers in Texas and New Mexico, aims to capitalize on strong demographic growth and increasing electricity demand from data centers, particularly in Texas. The company plans significant infrastructure investments and forecasts 7-9% EPS growth over the next five years, offering an attractive total annual return of 11-12% despite high leverage and potential shareholder dilution.

TXNM Energy Inc. CEO Pat Collawn will transition to executive chair on July 1, with President and COO Don Tarry succeeding her as CEO. Collawn has led the company since 2012, overseeing significant growth in revenues and customers. Tarry, a long-time company veteran, will take over leadership following a recent period of change for TXNM.

PNM Resources Inc. reported third-quarter earnings of $136.3 million, resulting in a profit of $1.22 per share. Adjusted for non-recurring costs, the company's earnings were $1.33 per share, with revenue reaching $647.2 million for the period.