TXNM Energy Inc 2025年季度报告

FORM10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _________ to _________ Name of Registrant,State of Incorporation,Address Of Principal Executive Offices,Telephone Number,Commission File No.,IRS Employer Identification No. TXNM Energy, Inc.(ANew MexicoCorporation)414 Silver Ave. SWAlbuquerque,New Mexico87102-3289Telephone Number - (505)241-2700Commission File No. -001-32462IRS Employer Identification No. -85-0468296 Public Service Company of New Mexico(A New Mexico Corporation)414 Silver Ave. SWAlbuquerque,New Mexico87102-3289Telephone Number - (505)241-2700Commission File No. -001-06986IRS Employer Identification No. -85-0019030 Texas-New Mexico Power Company(A Texas Corporation)577 N. Garden Ridge Blvd.Lewisville,Texas75067Telephone Number - (972)420-4189Commission File No. -002-97230IRS Employer Identification No. -75-0204070 Securities registered pursuant to Section 12(b) of the Act: RegistrantTitle of each classTrading Symbol(s)Name of exchange on which registeredTXNM Energy, Inc.Common Stock, no par valueTXNMNew York Stock Exchange Indicate by check mark whether each registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days. TXNM Energy, Inc. (“TXNM”)Public Service Company of New Mexico (“PNM”)Texas-New Mexico Power Company (“TNMP”) Yes☑Yes☑Yes☐ (NOTE: As a voluntary filer, not subject to the filing requirements, TNMP filed all reports under Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months.) Indicate by check mark whether each registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☑Yes☑Yes☑ TXNMPNMTNMP Indicate by check mark whether registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether any of the registrants is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ As of July25, 2025,105,378,979shares of common stock, no par value per share, of TXNM were outstanding. The total number of shares of common stock of PNM, no par value per share, outstanding as of July25, 2025, was39,117,799all heldby TXNM (and none held by non-affiliates). The total number of shares of common stock of TNMP, $10 par value per share, outstanding as of July25, 2025, was6,358all heldindirectly by TXNM (and none held by non-affiliates). PNM AND TNMP MEET THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS (H) (1) (a) AND (b) OF FORM10-Q AND ARE THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT PURSUANT TO GENERALINSTRUCTION (H) (2). This combined Form 10-Q is separately filed by TXNM, PNM, and TNMP.Information contained herein relating to any individualregistrant is filed by such registrant on its own behalf.Each registrant makes no representation as to information relating to the otherregistrants.Whenthis Form 10-Q is incorporated by reference into any filing with the SEC made by TXNM, PNM, or TNMP, as a registrant,the portions of this Form 10-Q that relate to eachother registrantare not incorporated by reference therein. TXNM ENERGY, INC. AND SUBSIDIARIESPUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIESTEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES INDEX GLOSSARY4PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS (UNAUDITED)TXNM ENERGY, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Earnings8Condensed Consolidated Statements of Comprehensive Income9Condensed Consolidated Statements of Cash Flows10Condensed Consolidated Balance Sheets12Condensed Consolidated Statements of Changes in Equity14PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIESCondensed Consolidated Statements of Earnings15Condensed Consolidated Statements of Comprehensive Income16Condensed Consolidated Statements of Cash Flows17Condensed Consolidated Balance Sheets19Condensed Consolidated Statements of Changes in Equity21TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIESCondensed Consolid