Filing Flows › Txnm Energy (TXNM) › Q2 2026 › vs Q2 2025
Txnm Energy (TXNM) Q2 2026 vs Q2 2025 (year over year)
Txnm Energy's revenue rose $46.1M (+9%) from $502M in Q2 2025 to $549M in Q2 2026. Operating margin 22.5% against 14.5% (+8.0 pts).
Txnm Energy, Q2 2026: revenue $549M (+9% year over year), operating margin 22.5%, net earnings $71.3M, operating cash flow $69.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.5% | 14.5% | +8.0 pts |
| Net margin | 13.0% | 4.3% | +8.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $549M | $502M | $46.1M | +9% |
| Operating profit | $123M | $72.7M | $50.6M | +70% |
| Costs & expenses | $425M | $430M | −$4.5M | -1% |
| Pre-tax earnings | $87.7M | $27.3M | $60.3M | +221% |
| Other expense, net | $35.6M | $45.4M | −$9.7M | -21% |
| General & admin | $64.9M | $76.0M | −$11.1M | -15% |
| Other operating costs | $360M | $354M | $6.7M | +2% |
| Net earnings | $71.3M | $21.6M | $49.7M | +230% |
| Minority interests | $4.1M | $4.4M | −$311K | -7% |
| Income tax | $12.3M | $1.3M | $10.9M | +826% |
| Operating cash sources | $199M | $143M | $56.4M | +40% |
| Depreciation & amortization | $128M | $121M | $6.7M | +6% |
| Working capital & other | $129M | $141M | −$12.2M | -9% |
| Operating cash flow | $69.8M | $3.5M | $66.3M | 20× |
| Capital expenditures | $265M | $266M | −$1.3M | -0.5% |
| Negative free cash flow (OCF − capex) | $195M | $263M | −$67.6M | -26% |
Questions
How much did Txnm Energy's revenue grow year over year in Q2 2026?
Txnm Energy's revenue rose $46.1M (+9%) from $502M in Q2 2025 to $549M in Q2 2026. Operating margin 22.5% against 14.5% (+8.0 pts).