TXNM Energy, Inc. (TXNM) is a publicly traded company in the Utilities sector, operating within the Regulated Electric industry. The company is headquartered in Albuquerque, NM, United States. The current CEO is Joseph D. Tarry.
TXNM has IPO date of 1973-02-21, 1,695 full-time employees, listed on the NYSE, a market capitalization of $6.44B.
TXNM Energy, Inc. is a utility company providing electricity and electric services across the United States through two primary operating segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM generates, transmits, and distributes electricity using diverse fuel sources including coal, natural gas, nuclear, and renewable energy from solar, wind, geothermal, and battery storage facilities. TNMP operates regulated transmission and distribution networks in its service territory. The company serves residential, commercial, and industrial customers throughout New Mexico and Texas. Founded in 1882 and based in Albuquerque, New Mexico, the company was formerly known as PNM Resources, Inc. before rebranding to TXNM Energy, Inc. in August 2024.
