Filing Flows › Txnm Energy (TXNM) › Q2 2026
Txnm Energy (TXNM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Txnm Energy (TXNM) reported revenue of $549M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +9% from the quarter before. Operating margin was 22.5%, net earnings $71.3M (13.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $549M | +9% | +9% |
| Operating profit | $123M | +60% | +70% |
| Net earnings | $71.3M | 19× | +230% |
| Operating cash flow | $69.8M | -54% | 20× |
What changed
Revenue was $548.6M in Q2 2026, up 9% year over year and up 9% from the previous quarter.
Operating profit was $123.3M, a 22.5% margin (up 8.0 points year over year). Of the extra revenue versus Q2 2025, 110% reached operating profit, above the 14% margin then. Total costs fell 1% while revenue rose 9%. Net earnings were $71.3M, up 230% year over year. The effective tax rate was 14.0%.
Operating cash flow was $69.8M (up 1874% year over year), 93% of net income including minority interests. Non-cash charges added back $127.6M of depreciation and amortization. Working capital and other items used $133.2M. Capital expenditures of $264.8M exceeded it, leaving free cash flow of −$195.0M.
Questions
What was Txnm Energy's revenue in the second quarter 2026?
Txnm Energy (TXNM) reported revenue of $549M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +9% from the quarter before.
Was Txnm Energy profitable in the second quarter 2026?
Operating profit was $123M (22.5% of revenue) and net earnings $71.3M.
Source: Txnm Energy 10-Q on SEC EDGAR.