Filing Flows › Txnm Energy (TXNM) › Q1 2026
Txnm Energy (TXNM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Txnm Energy (TXNM) reported revenue of $505M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -5% from the quarter before. Operating margin was 15.3%, net earnings $3.7M (0.7% of revenue).
Txnm Energy, Q1 2026: revenue $505M (+5% year over year), operating margin 15.3%, net earnings $3.7M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $505M | -5% | +5% |
| Operating profit | $77.0M | -18% | +7% |
| Net earnings | $3.7M | — | -58% |
| Operating cash flow | $153M | -3% | +8% |
What changed
Revenue was $505.0M in Q1 2026, up 5% year over year and down 5% from the previous quarter.
Operating profit was $77.0M, a 15.3% margin (up 0.4 points year over year). Of the extra revenue versus Q1 2025, 23% reached operating profit, above the 15% margin then. Total costs grew 4% against revenue growth of 5%. The fastest-growing cost line was General & admin (+10%). Net earnings were $3.7M, down 58% year over year. The effective tax rate was -0.1%.
Operating cash flow was $153.2M (up 8% year over year), 1914% of net income including minority interests. Non-cash charges added back $125.4M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $14.6M. Capital expenditures of $312.7M exceeded it, leaving free cash flow of −$159.5M.
Questions
What was Txnm Energy's revenue in the first quarter 2026?
Txnm Energy (TXNM) reported revenue of $505M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -5% from the quarter before.
Was Txnm Energy profitable in the first quarter 2026?
Operating profit was $77.0M (15.3% of revenue) and net earnings $3.7M.
Source: Txnm Energy 10-Q on SEC EDGAR.