TXNM Energy Prices Public Offering of Common Stock at $56.50 Per Share
TXNM Energy announced on August 31, 2026, that it has priced a public offering of 7,079,646 shares of its common stock at $56.50 per share.
ALBUQUERQUE, N.M. – TXNM Energy announced on August 31, 2026, that it has priced an underwritten public offering. The company will offer 7,079,646 shares of its no-par value common stock at a public offering price of $56.50 per share.
The offering is expected to result in gross proceeds of approximately $400 million, before deducting underwriting discounts and commissions. TXNM Energy intends to use the net proceeds from the offering for general corporate purposes. Specific details regarding the use of these funds have not been further elaborated upon.
Shares of the company's common stock trade on the New York Stock Exchange under the ticker symbol TXNM. The offering is expected to close soon, subject to customary closing conditions. TXNM Energy operates within the energy sector, though the press release does not specify particular business segments.
No further information has been provided regarding the company's future plans or the potential impact of this offering on its operations. The completion of the offering is subject to market conditions and other factors.