TXNM Energy reports Q1 2026 ongoing EPS of $0.21 and updates $10.2B capital plan amid Blackstone acquisition progress

TXNM Energy reported first quarter 2026 ongoing earnings per diluted share of $0.21, up from $0.19 in Q1 2025, despite GAAP EPS declining to $0.03 from $0.10. The company updated its 2026-2030 capital investment plan to $10.2 billion, focusing on grid modernization and clean energy initiatives. TXNM is progressing with its acquisition by Blackstone Infrastructure, awaiting final regulatory approvals expected in the second half of 2026. These developments position TXNM to enhance energy reliability and support New Mexico and Texas's clean energy goals.