v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - TXNM ENERGY, INC. AND SUBSIDIARIES - USD ($)
$ in Thousands
Sep. 30, 2026
Jun. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Current Assets:            
Cash and cash equivalents $ 28,730   $ 18,256      
Accounts receivable, net of allowance for credit losses of $1,616 and $1,394 219,248   151,804      
Unbilled revenues 90,961   68,214      
Other receivables 60,237   53,875      
Materials, supplies, and fuel stock 201,416   181,316      
Regulatory assets 109,835   41,785      
Prepaid assets 35,487   28,946      
Income taxes receivable 8,072   8,322      
Other current assets 5,505   12,144      
Total current assets 759,491   564,662      
Other Property and Investments:            
Investment securities 500,225   505,655      
Other investments 191   302      
Non-utility property, net 43,745   40,729      
Total other property and investments 544,161   546,686      
Utility Plant:            
Plant in service and plant held for future use 12,071,216   11,592,121      
Less accumulated depreciation and amortization 3,199,975   3,010,588      
Net plant in service and plant held for future use 8,871,241   8,581,533      
Construction work in progress 938,624   653,206      
Nuclear fuel, net of accumulated amortization of $29,647 and $27,953 75,642   76,696      
Net utility plant 9,885,507   9,311,435      
Deferred Charges and Other Assets:            
Regulatory assets 928,553   939,249      
Goodwill 278,297   278,297 $ 278,297    
Operating lease right-of-use assets, net of accumulated amortization 46,123   108,517      
Other deferred charges 381,978   310,439      
Total deferred charges and other assets 1,634,951   1,636,502      
Total assets 12,824,110   12,059,285 11,971,534    
Current Liabilities:            
Short-term debt 236,000   181,400      
Current installments of long-term debt (includes $7,721 and $7,303 related to ETBC I) 127,721   302,538      
Accounts payable 191,816   243,062      
Customer deposits 7,149   6,893      
Accrued interest and taxes 155,842   124,014      
Regulatory liabilities 12,993   11,022      
Operating lease liabilities 7,324   8,969      
Dividends declared 46,660   46,151      
Transmission interconnection arrangement liabilities 9,445   15,878      
Other current liabilities 146,471   77,610      
Total current liabilities 941,421   1,017,537      
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $316,892 and $324,531 related to ETBC I) 5,632,794   5,116,026      
Deferred Credits and Other Liabilities:            
Accumulated deferred income taxes 1,026,848   961,230      
Regulatory liabilities 780,321   757,319      
Asset retirement obligations 260,545   255,097      
Accrued pension liability and postretirement benefit cost 6,408   6,736      
Operating lease liabilities 34,572   96,735      
Other deferred credits 443,689   389,070      
Total deferred credits and other liabilities 2,552,383   2,466,187      
Total liabilities 9,126,598   8,599,750      
Commitments and Contingencies (Note 11)        
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529   11,529      
TXNM common stockholders’ equity:            
Common stock (no par value; 200,000,000 shares authorized; issued and outstanding 110,125,757 and 108,921,356 shares) 2,681,880   2,563,930      
Accumulated other comprehensive income (loss), net of income taxes (25,789)   (26,816)      
Retained earnings 981,775   866,904      
Total common stockholder’s equity 3,637,866   3,404,018      
Non-controlling interest in Valencia 48,117   43,988      
Total equity 3,685,983 $ 3,602,408 3,448,006 $ 3,461,345 $ 3,216,794 $ 2,583,285
Total liabilities and stockholders' equity $ 12,824,110   $ 12,059,285