Bold move: TXNM Energy raises its annual dividend by 3.7% while continuing to support growth and strategic investments. At today’s regular meeting, the Board of Directors unanimously approved increasing the company’s indicated annual common stock dividend by $0.06, bringing it to $1.69 per share. This increase reinforces TXNM Energy’s track record of dividend growth and aligns with the company’s ongoing earnings expansion alongside its higher capital expenditure plans.
The higher dividend is planned within the framework of the proposed agreement under which affiliates of Blackstone Infrastructure would acquire the outstanding TXNM Energy common stock. Quarterly dividends will be paid as scheduled during the pendency of the transaction.
In addition, the board declared a quarterly stock dividend of $0.4225 per share, payable February 13, 2026, to shareholders of record at the close of business on January 30, 2026.
Background:
TXNM Energy (NYSE: TXNM) is an energy holding company headquartered in Albuquerque, New Mexico. It serves more than 800,000 homes and businesses across Texas and New Mexico through regulated utilities TNMP and PNM. For more information, visit www.TXNMEnergy.com.
Contacts:
Analysts
Media
Lisa Goodman
Corporate Communications
(505) 241-2160
(505) 241-2743
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements about future events and expectations, including details about the potential TXNM Energy-Blackstone Infrastructure transaction, anticipated timelines, benefits, financial projections, and other matters. These statements reflect TXNM Energy’s current beliefs and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Readers should review TXNM Energy’s Form 10-K, Form 10-Q, and SEC filings (including 8-Ks) for a discussion of risk factors. Neither TXNM Energy nor Blackstone Infrastructure is obligated to update these statements. Key uncertainties include regulatory approvals, transaction timing, shareholder approval, conditions to closing, potential termination provisions, and market responses during the transaction process. All forward-looking statements are as of the date of this release.
SOURCE TXNM Energy, Inc.
