v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - TXNM ENERGY, INC. AND SUBSIDIARIES - USD ($)
$ in Thousands
Total
Total TXNM Common Stockholders’ Equity
Common Stock
AOCI
Retained Earnings
Non- controlling Interest in Valencia
Beginning balance at Dec. 31, 2024 $ 2,583,285 $ 2,536,385 $ 1,724,444 $ (75,708) $ 887,649 $ 46,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings before subsidiary preferred stock dividends 175,114 161,605     161,605 13,509
Total other comprehensive income (loss) 1,954 1,954   1,954    
Subsidiary preferred stock dividends (396) (396)     (396)  
Dividends declared on common stock (124,644) (124,644)     (124,644)  
Awards of common stock (8,433) (8,433) (8,433)      
Issuance of common stock 842,891 842,891 842,891      
Stock based compensation expense 6,676 6,676 6,676      
Valencia’s transactions with its owner (15,102)         (15,102)
Ending balance at Sep. 30, 2025 3,461,345 3,416,038 2,565,578 (73,754) 924,214 45,307
Beginning balance at Jun. 30, 2025 3,216,794 3,170,765 2,366,770 (75,393) 879,388 46,029
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings before subsidiary preferred stock dividends 136,304 130,842     130,842 5,462
Total other comprehensive income (loss) 1,639 1,639   1,639    
Subsidiary preferred stock dividends (132) (132)     (132)  
Dividends declared on common stock (85,884) (85,884)     (85,884)  
Awards of common stock (184) (184) (184)      
Issuance of common stock 197,582 197,582 197,582      
Stock based compensation expense 1,410 1,410 1,410      
Valencia’s transactions with its owner (6,184)         (6,184)
Ending balance at Sep. 30, 2025 3,461,345 3,416,038 2,565,578 (73,754) 924,214 45,307
Beginning balance at Dec. 31, 2025 3,448,006 3,404,018 2,563,930 (26,816) 866,904 43,988
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings before subsidiary preferred stock dividends 251,396 238,826     238,826 12,570
Total other comprehensive income (loss) 1,027 1,027   1,027    
Subsidiary preferred stock dividends (396) (396)     (396)  
Dividends declared on common stock (136,839) (136,839)     (136,839)  
Return of dividends previously paid (Note 12) 13,280 13,280     13,280  
Awards of common stock (6,469) (6,469) (6,469)      
Cancelled common stock previously issued (400,000) (400,000) (400,000)      
Issuance of common stock 518,687 518,687 518,687      
Stock based compensation expense 5,732 5,732 5,732      
Valencia’s transactions with its owner (8,441)         (8,441)
Ending balance at Sep. 30, 2026 3,685,983 3,637,866 2,681,880 (25,789) 981,775 48,117
Beginning balance at Jun. 30, 2026 3,602,408 3,554,462 2,685,140 (25,809) 895,131 47,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings before subsidiary preferred stock dividends 168,001 163,561     163,561 4,440
Total other comprehensive income (loss) 20 20   20    
Subsidiary preferred stock dividends (132) (132)     (132)  
Dividends declared on common stock (90,065) (90,065)     (90,065)  
Return of dividends previously paid (Note 12) 13,280 13,280     13,280  
Awards of common stock (104) (104) (104)      
Cancelled common stock previously issued (400,000) (400,000) (400,000)      
Issuance of common stock 395,390 395,390 395,390      
Stock based compensation expense 1,454 1,454 1,454      
Valencia’s transactions with its owner (4,269)         (4,269)
Ending balance at Sep. 30, 2026 $ 3,685,983 $ 3,637,866 $ 2,681,880 $ (25,789) $ 981,775 $ 48,117