From StructYou came from “TXNM trades like a premium utility after a year of growth, but the dilution and margin hit complicate the story”Back to the brief ↗Feed / TXNM

TXNM Energy, Inc.

TXNM

Utilities · 57.92 -0.1% today

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Jodie read · what matters now

EV/sales sits at 5.2x while revenue rose 9%; meanwhile operating margin fell 2.5 percentage points and diluted shares jumped 13.0%.

The story is only the start. Jodie keeps watching the filing evidence, the companies connected to TXNM, and whether its market group begins moving.

Revenue YoY+9.0%2025-12-31
Operating margin20.6%-2.5 pts YoY
Latest story10-Q · Jul 31, 2026Read on Struct ↗
Disclosed connections2 verified linksBuilt from company filings
Organic co-movement groupRegulated Electric Utilities · LeaderLast observed group; it is between live snapshots · See active groups →

Who this business touches

The relationships behind TXNM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BXBlackstone Inc.partnerFull receipt with Pro →
BXBlackstone Inc.investeeFull receipt with Pro →

Filing peers

No filing peers are available for this name yet.

You can see the shape of the network here. Pro opens the original filing receipts, and alerts when connected names begin moving. See Pro →

What is moving around it

Live connections

TXNM is currently a Leader in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for TXNM; it is not active in the latest market snapshot.

Theme membership history

No durable theme membership has been observed for this name yet.