Txnm Energy Inc income statement
In fiscal 2025, Txnm Energy Inc reported revenue of $2.17bn, up 9.9% on the year before, operating income of $441m (a 20.4% margin) and net income of $151m, or $1.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,363 | 1,445 | 1,437 | 1,458 | 1,523 | 1,780 | 2,250 | 1,939 | 1,971 | 2,166 | 2,320 |
| Gross profit | — | — | — | — | 607 | 649 | 740 | 656 | — | — | — |
| General and administrative | 185 | 178 | 188 | 189 | 216 | 230 | 227 | 228 | 247 | 274 | 270 |
| Operating income | 285 | 315 | 236 | 144 | 285 | 308 | 394 | 231 | 453 | 441 | 565 |
| Interest expense | 129 | 128 | 127 | 121 | 114 | 97 | 128 | 190 | 228 | 272 | 280 |
| Income before tax | 195 | 226 | 109 | 67 | 208 | 244 | 211 | 91 | 280 | 180 | 275 |
| Income tax | 63 | 130 | 8 | −25 | 21 | 33 | 26 | −16 | 22 | 10 | 29 |
| Net income | 117 | 80 | 86 | 77 | 173 | 196 | 170 | 88 | 242 | 151 | 229 |
| Diluted EPS | $1.46 | $1.00 | $1.07 | $0.97 | $2.15 | $2.27 | $1.97 | $1.02 | $2.67 | $1.48 | $2.05 |
| Diluted shares (average) | 80m | 80m | 80m | 79,990m | 80m | 86m | 86m | 86m | 91m | 102m | 111m |
| EBITDA | 527 | 583 | 512 | 445 | 600 | 628 | 735 | 585 | 876 | 925 | 1,067 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 477 | 483 | 502 | 647 | 533 | 505 | 549 | 733 |
| General and administrative | 67 | 61 | 76 | 68 | 69 | 67 | 65 | 69 |
| Operating income | 76 | 72 | 73 | 203 | 94 | 77 | 123 | 271 |
| Interest expense | 59 | 64 | 72 | 70 | 66 | 69 | 69 | 76 |
| Income before tax | 22 | 14 | 27 | 155 | −16 | 8 | 88 | 195 |
| Income tax | 2 | 1 | 1 | 19 | −11 | −0 | 12 | 27 |
| Net income | 16 | 9 | 22 | 131 | −10 | 4 | 71 | 163 |
| Diluted EPS | $0.17 | $0.10 | $0.22 | $1.22 | −$0.15 | $0.03 | $0.64 | $1.50 |
| EBITDA | 185 | 186 | 194 | 329 | 216 | 202 | 251 | 398 |
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