Filing Flows › Txnm Energy (TXNM) › Q2 2025
Txnm Energy (TXNM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Txnm Energy (TXNM) reported revenue of $502M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +4% from the quarter before. Operating margin was 14.5%, net earnings $21.6M (4.3% of revenue).
Txnm Energy, Q2 2025: revenue $502M (+3% year over year), operating margin 14.5%, net earnings $21.6M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $502M | +4% | +3% |
| Operating profit | $72.7M | +1% | -31% |
| Net earnings | $21.6M | +142% | -55% |
| Operating cash flow | $3.5M | -97% | -95% |
What changed
Revenue was $502.4M in Q2 2025, up 3% year over year and up 4% from the previous quarter.
Operating profit was $72.7M, a 14.5% margin (down 7.2 points year over year). Operating profit fell $33.0M even though revenue rose $14.3M versus a year earlier, so costs grew faster than sales. The fastest-growing cost line was Other operating costs (+964%). Net earnings were $21.6M, down 55% year over year. The effective tax rate was 4.9%.
Operating cash flow was $3.5M (down 95% year over year), 14% of net income including minority interests. Non-cash charges added back $120.9M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $145.7M. Capital expenditures of $266.2M exceeded it, leaving free cash flow of −$262.6M.
Questions
What was Txnm Energy's revenue in the second quarter 2025?
Txnm Energy (TXNM) reported revenue of $502M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +4% from the quarter before.
Was Txnm Energy profitable in the second quarter 2025?
Operating profit was $72.7M (14.5% of revenue) and net earnings $21.6M.
Source: Txnm Energy 10-Q on SEC EDGAR.