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TXNM Energy (TXNM)
NYSE:TXNM
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 9.51%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of achievements and challenges. While the company reported strong growth in certain areas and secured significant regulatory approvals and DOE funding, it faced reduced earnings per share and increased expenses. The sentiment is balanced, with positive regulatory developments and growth opportunities being offset by financial challenges.Company Guidance
During the TXNM Energy third quarter 2024 conference call, guidance was updated to reflect ongoing earnings of $1.43 per share for the quarter and a narrowed annual guidance range of $2.70 to $2.75 per share. The company maintains a target of 6% to 7% earnings growth through 2028. Significant capital investments were discussed, including a $600 million system resiliency plan in Texas and anticipated projects valued between $600 million and $900 million starting in 2027. Additionally, the company plans for rate-based growth of 10.7% from 2024 to 2028, supported by strategic equity financing assumptions of 40% to 50% for potential incremental capital. Key regulatory outcomes and customer-focused initiatives, such as the approved grid modernization plan in New Mexico and DOE-funded projects, were highlighted as integral to TXNM Energy’s strategy to build a cleaner, more resilient grid.Earnings and Growth Targets
Ongoing earnings for the third quarter are $1.43 per share. The company has narrowed its guidance range for the year to $2.70 to $2.75 per share and continues to target 6% to 7% earnings growth through 2028.
TNMP System Growth
TNMP set new system peak records, with the latest 16% higher than last year’s peak. The company expects 2% to 3% growth in traditional volumetric and demand-based rate classes in 2024.
Regulatory Approvals and Investments
PNM's grid modernization plan was approved, including a $600 million system resiliency plan for TNMP, and DOE funding for a virtual power plant project was awarded.
Positive Regulatory Outcomes
Successful resolution of regulatory filings and approvals, including PNM's grid modernization and application for new resources in 2026.
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TXNM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TXNM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $43.54 | $42.28 | -2.89% |
| Jul 31, 2024 | $41.29 | $41.22 | -0.17% |
| Apr 30, 2024 | $36.39 | $36.71 | +0.88% |
| Feb 06, 2024 | $33.75 | $35.16 | +4.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TXNM Energy (TXNM) report earnings?
TXNM Energy (TXNM) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is TXNM Energy (TXNM) earnings time?
TXNM Energy (TXNM) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TXNM EPS forecast?
TXNM EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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