PNM Resources Inc

TNMP, a subsidiary of TXNM Energy, has filed a comprehensive settlement in the base-rate review with the Public Utility Commission of Texas that provides for setting the requested rate base of $2.8 billion as of June 30, 2025. The settlement would retain the approved return on equity of 9.65% and an equity ratio of 45% and refinance $20.5 million in Hurricane Beryl restoration costs through a five-year rate surcharge. The agreement requires the commission's approval; approved rates would take effect retroactively on May 22, 2026. » More on de.investing.com

TNMP has purchased 900‑MHz frequencies from Anterix to build a private mobile network as part of its System Resiliency Plan 2025–2027, aiming for faster response to power outages and real‑time infrastructure monitoring. Anterix has committed to removing sources of interference and securing FCC broadband licenses; the timeline and successful completion of these steps remain uncertain. Financial terms were not disclosed; the rollout is intended to support integration of advanced energy technologies across TNMP’s service territory in Texas and New Mexico. » More on de.investing.com

Public Service Company of New Mexico has announced a regular quarterly dividend of $1.145 per share on the 4.58% cumulative preferred shares. Payment will be made on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. The company points to more than 30 consecutive years of dividend payments and dividend growth of 5.16% in the past twelve months. » More on de.investing.com

The Public Service Company of New Mexico, a wholly owned subsidiary of TXNM Energy, has entered into a $120 million term loan with a lender group led by U.S. Bank. The loan runs until May 10, 2027, and is intended to refinance part of a term loan maturing the same day from 2024; regular interest payments and repayment at maturity are planned. The agreement includes customary covenants such as a maximum consolidated debt-to-capitalization ratio of 0.65 to 1.00, as well as cross-default and change-of-control clauses; the amount is relatively small compared with TXNM’s total debt (around $5.75 billion). » More on de.investing.com

The Public Service Company of New Mexico (PNM), a subsidiary of TXNM Energy, will pay a quarterly dividend of $1.145 per preferred share; payment will be made on October 15, 2025, to shareholders of record on September 30, 2025. TXNM Energy, based in Albuquerque, has a dividend yield of 2.87% and also reported adjusted second-quarter earnings of $0.25 per share, which missed expectations, while revenue of $502.42 million beat forecasts. The company has filed approval applications for a planned acquisition by Blackstone Infrastructure and agreed to an at-the-market offering of $200 million. » More on de.investing.com