TXNM Energy
TXNMTXNM Energy, Inc. is an energy holding company that operates regulated electric utilities serving residential, commercial, and industrial customers across New Mexico and Texas.
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Oct 30, 2026 (in 2 months)Competitors
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Profile
TXNM Energy, Inc. is an energy holding company that operates regulated electric utilities serving residential, commercial, and industrial customers across New Mexico and Texas. The company focuses on the generation, transmission, and distribution of electricity while transitioning toward a carbon-free energy portfolio through significant investments in solar, wind, and energy storage. Its core value proposition centers on providing reliable, regulated utility services under cost-of-service frameworks to approximately 842,000 customers.
TXNM holds exclusive franchise rights for transmission and distribution in most of its service areas, operating as a regulated monopoly with high barriers to entry.
FAQ
- What is TXNM Energy's market cap?
- TXNM Energy (TXNM) has a market capitalization of $5.9B and trades on XNYS.
- Who are TXNM Energy's competitors?
- TXNM Energy's key competitors include Southern California Edison, Xcel Energy, NRG Energy, Inc., and others. These companies compete in similar markets and product categories.
- Who does TXNM Energy partner with?
- TXNM Energy's notable partners include Blackstone Infrastructure, Arizona Public Service Company, Salt River Project, and others.
- What subsidiaries does TXNM Energy have?
- TXNM Energy's subsidiaries include Public Service Company of New Mexico, Texas-New Mexico Power Company, PNMR Services Company.
- Where is TXNM Energy headquartered?
- TXNM Energy is headquartered in United States of America and employs approximately 1,635 people. It has been publicly traded since 1972.