TXNM Energy Successfully Prices Public Offering of Common Stock, Raising $400 Million

TXNM Energy Announces Public Offering Pricing

On August 31, 2026, TXNM Energy, Inc. (NYSE: TXNM) revealed its pricing details for a public offering of 7,079,646 shares of its common stock. The shares will be offered at a price of $56.50 each, aiming to raise an estimated $400 million in gross proceeds before expenses and underwriting discounts. The proceeds are earmarked for repaying borrowings under a $400 million term loan.

Details of the Offering

Wells Fargo Securities will serve as the sole book-running manager for this stock offering. The company plans to close the offering on or around September 2, 2026, pending standard closing conditions. The stocks will be available for sale in transactions on the New York Stock Exchange as well as through other avenues such as the over-the-counter market or negotiated transactions.

Regulatory Compliance

This public offering is made in compliance with an effective shelf registration statement filed with the Securities and Exchange Commission (SEC) under Form S-3 (File No. 333-285426). A preliminary prospectus supplement has also been filed with the SEC and can be accessed via their website. Stakeholders and interested parties can obtain a physical copy of the prospectus supplement by contacting Wells Fargo Securities directly.

Company's Overview

TXNM Energy is an energy holding company stationed in Albuquerque, New Mexico, and it provides energy to over 800,000 homes and businesses throughout Texas and New Mexico via its regulated utilities – TNMP and PNM. The company continues to advance its efforts in delivering reliable energy solutions to a vast customer base.

Future Outlook

The management anticipates that the proceeds from this public offering will strengthen its financial position. However, the offering's success depends on market conditions, including interest rates and stock price volatility.

By employing the funds for debt repayment, TXNM aims to enhance its capital structure and operational flexibility moving forward. This initiative also underscores the company's commitment to maintaining financial health and competitive positioning in the energy market.

Investors and analysts should take note of potential risks, including fluctuations in market conditions and the internal operations of TXNM Energy. As a forward-looking statement, TXNM Energy cautioned against placing undue reliance on these projections as actual results may vary.

TXNM Energy invites stakeholders to review their Annual Report on Form 10-K for a detailed account of their financial performance and risk factors. The company commits to transparency and regulatory compliance as part of its operational ethos.

Conclusion

With the pricing of this latest public offering, TXNM Energy is poised to further its strategic goals while addressing financial commitments. This offering reflects the company’s proactive approach to capital management in a dynamic energy market, ensuring sustained growth and reliability for its valued customers.

For additional information, investors are encouraged to visit TXNM Energy's website or contact the investor relations team directly.