Filing Flows › Txnm Energy (TXNM) › Q1 2025
Txnm Energy (TXNM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Txnm Energy (TXNM) reported revenue of $483M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +1% from the quarter before. Operating margin was 14.9%, net earnings $8.9M (1.8% of revenue).
Txnm Energy, Q1 2025: revenue $483M (+10% year over year), operating margin 14.9%, net earnings $8.9M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $483M | +1% | +11% |
| Operating profit | $71.9M | -6% | -11% |
| Net earnings | $8.9M | -43% | -81% |
| Operating cash flow | $141M | -11% | +52% |
What changed
Revenue was $482.8M in Q1 2025, up 11% year over year and up 1% from the previous quarter.
Operating profit was $71.9M, a 14.9% margin (down 3.6 points year over year). Operating profit fell $8.7M even though revenue rose $45.9M versus a year earlier, so costs grew faster than sales. The fastest-growing cost line was Other operating costs (+777%). Net earnings were $8.9M, down 81% year over year. The effective tax rate was 7.4%.
Operating cash flow was $141.3M (up 52% year over year), 1104% of net income including minority interests. Non-cash charges added back $114.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $11.2M. Capital expenditures of $342.6M exceeded it, leaving free cash flow of −$201.4M.
Questions
What was Txnm Energy's revenue in the first quarter 2025?
Txnm Energy (TXNM) reported revenue of $483M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +1% from the quarter before.
Was Txnm Energy profitable in the first quarter 2025?
Operating profit was $71.9M (14.9% of revenue) and net earnings $8.9M.
Source: Txnm Energy 10-Q on SEC EDGAR.