Filing Flows › Txnm Energy (TXNM) › Operating margin
Txnm Energy (TXNM) operating margin by quarter
Txnm Energy's operating margin was 37.0% in Q3 2026 (third quarter 2026), +14.5 pts from Q2 2026. Over the last 6 quarters it ranged from 14.5% (Q2 2025) to 37.0% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 37.0% | +14.5 pts | +5.6 pts |
| Q2 2026 | 22.5% | +7.2 pts | +8.0 pts |
| Q1 2026 | 15.3% | -16.1 pts | +0.4 pts |
| Q3 2025 | 31.3% | +16.9 pts | — |
| Q2 2025 | 14.5% | -0.4 pts | — |
| Q1 2025 | 14.9% | — | — |
Q3 2026 at a glance
Txnm Energy, Q3 2026: revenue $733M (+13% year over year), operating margin 37.0%, net earnings $163M, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
Questions
What is Txnm Energy's operating margin?
Txnm Energy's operating margin was 37.0% in Q3 2026 (third quarter 2026), +14.5 pts from Q2 2026.
How has Txnm Energy's operating margin changed?
Over the last 6 quarters it ranged from 14.5% (Q2 2025) to 37.0% (Q3 2026).