TEXAS NEW MEXICO POWER CO 8K

TXNM Energy reported stronger Q2 2026 earnings, extended the termination date and expected closing timeline for its pending acquisition by Blackstone Infrastructure, and received key regulatory approvals for TNMP’s rate increase while advancing PNM’s long‑term resource portfolio plan.

On July 31, 2026, TXNM Energy reported substantially improved second quarter 2026 financial results, with GAAP earnings of $71.3 million, or $0.64 per diluted share, and ongoing earnings of $64.1 million, or $0.58 per diluted share, driven by rate relief, higher retail load, and regulatory mechanisms at its PNM and TNMP utility subsidiaries. The company also provided an update on its pending acquisition by affiliates of Blackstone Infrastructure, noting that following multiple federal and state regulatory approvals already obtained, TXNM Energy and Blackstone agreed on July 17, 2026 to extend the transaction termination date to May 31, 2027, with closing now expected in the first half of 2027 subject to remaining approvals, including from the New Mexico Public Regulation Commission and the Nuclear Regulatory Commission. Separately, TXNM detailed regulatory developments, including PNM’s May 29, 2026 filing of its 2029–2032 Resource Portfolio Application with the NMPRC to shift to a balanced mix of wind, solar, battery storage, incremental natural gas generation, and a planned 2031 exit from the Four Corners Power Plant, plus a planned extension of the Reeves Generating Station through 2044, as well as TNMP’s July 30, 2026 approval from the Public Utility Commission of Texas for a base rate settlement supporting recovery of $2.8 billion of rate base, a 9.65% allowed ROE, and a 45% equity ratio, with interim rates effective from May 22, 2026 and final rates to be implemented September 13, 2026.

Filing Facts

CIK

22767

Ticker

-

Form

8K

Source Type

sec

Accession

0001108426-26-000046

Alert Tier

7