v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - TXNM ENERGY, INC. AND SUBSIDIARIES - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Electric Operating Revenues $ 733,290 $ 647,162 $ 1,786,826 $ 1,632,374
Operating Expenses:        
Administrative and general 68,871 68,445 200,652 205,205
Regulatory disallowances 0 (731) 0 (731)
Depreciation and amortization 112,346 105,012 339,300 314,798
Transmission and distribution costs 28,226 27,167 79,490 79,133
Taxes other than income taxes 30,998 28,185 93,848 82,864
Total operating expenses 462,202 444,292 1,315,425 1,284,914
Total operating expenses 271,088 202,870 471,401 347,460
Other Income and Deductions:        
Interest income 6,114 6,496 13,860 14,615
Gains (losses) on investment securities (9,890) 11,376 5,580 33,691
Other income 9,269 7,688 24,237 18,121
Other (deductions) (5,145) (3,028) (10,042) (11,767)
Net other income and deductions 348 22,532 33,635 54,660
Interest Charges 76,059 70,149 213,997 205,713
Earnings before Income Taxes 195,377 155,253 291,039 196,407
Income Taxes 27,376 18,949 39,643 21,293
Net Earnings 168,001 136,304 251,396 175,114
(Earnings) Attributable to Valencia Non-controlling Interest (4,440) (5,462) (12,570) (13,509)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net earnings (losses) available for common stock $ 163,429 $ 130,710 $ 238,430 $ 161,209
Net Earnings Attributable to TXNM per Common Share:        
Basic (in dollars per share) $ 1.55 $ 1.22 $ 2.19 $ 1.63
Diluted (in dollars per share) 1.50 1.22 2.15 1.63
Dividends Declared per Common Share (in dollars per share) $ 0.4225 $ 0.4075 $ 1.2675 $ 1.2225
Cost of energy        
Electric Operating Revenues $ 733,290 $ 647,162 $ 1,786,826 $ 1,632,374
Operating Expenses:        
Energy costs 198,506 195,042 529,137 531,846
Energy production costs        
Operating Expenses:        
Energy costs $ 23,255 $ 21,172 $ 72,998 $ 71,799