TXNM Energy Prices $400 Million Common Stock Offering

Wells Fargo Securities is managing the book-running process for the offering, which is expected to close on or about September 2, 2026. The shares are being issued under an effective shelf registration statement filed with the Securities and Exchange Commission.

TXNM Energy serves over 800,000 customers across Texas and New Mexico through its TNMP and PNM utility subsidiaries. The company noted that the finalization of the sale remains subject to customary closing conditions, and market volatility or shifting interest rates could influence the ultimate outcome of the transaction.