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STOCK TITAN

[Form 4] NNN REIT, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

TXNM Energy, Inc. (NYSE: TXNM) Q2 2025 10-Q highlights:

  • Revenue rose 2.9% YoY to $502.4 million; 1H 25 revenue up 6.5% to $985.2 million.
  • Operating income contracted 31% to $72.7 million as fuel (+8%), A&G (+28%) and depreciation (+12%) out-paced top-line growth; 1H margin compressed to 14.7% from 20.1%.
  • Interest expense jumped 29% YoY to $72.0 million on higher debt tied to recent term loans, SUNs and convertible notes.
  • Net earnings attributable to TXNM fell 55% to $21.6 million ($0.22 diluted EPS) versus $48.0 million ($0.53) a year ago; 1H EPS down 70% to $0.32.
  • Dividend per share increased 5% to $0.4075.
  • Merger update: The May 18 2025 merger agreement with an affiliate of Blackstone Infrastructure remains in place; TXNM will survive as a wholly-owned subsidiary of Troy ParentCo.

Bottom-line deterioration was driven by higher fuel, O&M and financing costs, partially offset by a $23.6 million mark-to-market gain on investment securities. All registrants remain current on SEC filings; TNMP continues to report on a voluntary, reduced-disclosure basis.

TXNM Energy, Inc. (NYSE: TXNM) evidenze del 10-Q del secondo trimestre 2025:

  • Ricavi aumentati del 2,9% su base annua a 502,4 milioni di dollari; ricavi del primo semestre 2025 in crescita del 6,5% a 985,2 milioni di dollari.
  • Reddito operativo diminuito del 31% a 72,7 milioni di dollari a causa di costi di carburante (+8%), spese amministrative e generali (+28%) e ammortamenti (+12%) che hanno superato la crescita dei ricavi; margine del primo semestre sceso al 14,7% dal 20,1%.
  • Spese per interessi aumentate del 29% su base annua a 72,0 milioni di dollari per via di un maggior indebitamento legato a prestiti a termine recenti, SUN e note convertibili.
  • Utile netto attribuibile a TXNM calato del 55% a 21,6 milioni di dollari (EPS diluito di 0,22 dollari) rispetto a 48,0 milioni di dollari (0,53 dollari) dell’anno precedente; EPS del primo semestre in calo del 70% a 0,32 dollari.
  • Dividendo per azione aumentato del 5% a 0,4075 dollari.
  • Aggiornamento sulla fusione: l’accordo di fusione del 18 maggio 2025 con un affiliato di Blackstone Infrastructure è confermato; TXNM continuerà come sussidiaria interamente controllata di Troy ParentCo.

Il peggioramento del risultato netto è stato causato da maggiori costi di carburante, O&M e finanziari, parzialmente compensati da un guadagno di 23,6 milioni di dollari da valutazione a mercato di titoli di investimento. Tutti i registranti sono aggiornati con le comunicazioni alla SEC; TNMP continua a riportare su base volontaria con disclosure ridotta.

Aspectos destacados del 10-Q del segundo trimestre 2025 de TXNM Energy, Inc. (NYSE: TXNM):

  • Ingresos aumentaron un 2,9% interanual hasta 502,4 millones de dólares; ingresos del primer semestre 2025 crecieron un 6,5% hasta 985,2 millones de dólares.
  • Ingreso operativo se redujo un 31% a 72,7 millones de dólares debido a que los costos de combustible (+8%), gastos administrativos y generales (+28%) y depreciación (+12%) superaron el crecimiento de ingresos; el margen del primer semestre se comprimió al 14,7% desde el 20,1%.
  • Gastos por intereses aumentaron un 29% interanual a 72,0 millones de dólares por mayor deuda vinculada a préstamos a plazo recientes, SUNs y notas convertibles.
  • Ganancias netas atribuibles a TXNM cayeron un 55% a 21,6 millones de dólares (EPS diluido de 0,22 dólares) frente a 48,0 millones (0,53 dólares) del año anterior; EPS del primer semestre bajó un 70% a 0,32 dólares.
  • Dividendo por acción incrementado un 5% a 0,4075 dólares.
  • Actualización de la fusión: El acuerdo de fusión del 18 de mayo de 2025 con un afiliado de Blackstone Infrastructure sigue vigente; TXNM continuará como subsidiaria propiedad total de Troy ParentCo.

El deterioro del resultado neto se debió a mayores costos de combustible, operación y mantenimiento y financieros, parcialmente compensados por una ganancia de 23,6 millones de dólares por valoración de mercado de valores de inversión. Todos los registrantes están al día con sus presentaciones ante la SEC; TNMP continúa reportando voluntariamente con divulgación reducida.

TXNM Energy, Inc. (NYSE: TXNM) 2025� 2분기 10-Q 주요 내용:

  • 매출� 전년 동기 대� 2.9% 증가하여 5� 2,240� 달러� 기록했으�, 2025� 상반� 매출은 6.5% 증가� 9� 8,520� 달러옶습니�.
  • 영업이익은 연료�(+8%), 관� � 일반�(+28%), 감가상각�(+12%) 상승� 매출 증가� 앞서면서 31% 감소� 7,270� 달러� 기록했으�, 상반� 영업이익률은 20.1%에서 14.7%� 축소되었습니�.
  • 이자 비용은 최근� 기간 대�, SUNs, 전환사채 증가� 따른 부� 증가� 전년 대� 29% 상승� 7,200� 달러옶습니�.
  • TXNM 귀� 순이�은 55% 감소� 2,160� 달러(희석 주당순이� 0.22달러)�, 전년 동기 4,800� 달러(0.53달러) 대� 감소했으�, 상반� 주당순이익은 70% 하락� 0.32달러옶습니�.
  • 주당 배당금은 5% 증가� 0.4075달러� 상향 조정되었습니�.
  • 합병 업데이트: 2025� 5� 18� 블랙스톤 인프라스트럭� 계열사와� 합병 계약은 유효하며, TXNM은 Troy ParentCo� 완전 자회사로 존속� 예정입니�.

순이� 악화� 연료�, 운영 � 유지�, 금융 비용 증가� 기인하며, 투자 증권� 시가 평가 이익 2,360� 달러� 일부 상쇄되었습니�. 모든 등록자는 SEC 제출� 정상적으� 이행 중이�, TNMP� 계속해서 자발적이� 축소� 공시 방식으로 보고하고 있습니다.

Faits saillants du 10-Q du deuxième trimestre 2025 de TXNM Energy, Inc. (NYSE : TXNM) :

  • Chiffre d'affaires en hausse de 2,9 % en glissement annuel à 502,4 millions de dollars ; chiffre d'affaires du premier semestre 2025 en hausse de 6,5 % à 985,2 millions de dollars.
  • Résultat opérationnel en baisse de 31 % à 72,7 millions de dollars en raison de coûts de carburant (+8 %), frais administratifs et généraux (+28 %) et amortissements (+12 %) dépassant la croissance du chiffre d'affaires ; la marge du premier semestre est passée de 20,1 % à 14,7 %.
  • Charges d’intérêts en hausse de 29 % en glissement annuel à 72,0 millions de dollars en raison d’une dette accrue liée aux prêts à terme récents, SUNs et obligations convertibles.
  • Bénéfice net attribuable à TXNM en baisse de 55 % à 21,6 millions de dollars (BPA dilué de 0,22 $) contre 48,0 millions de dollars (0,53 $) l’an dernier ; BPA du premier semestre en baisse de 70 % à 0,32 $.
  • Dividende par action augmenté de 5 % à 0,4075 $.
  • Mise à jour sur la fusion : L’accord de fusion du 18 mai 2025 avec une filiale de Blackstone Infrastructure reste en vigueur ; TXNM survivra en tant que filiale à 100 % de Troy ParentCo.

La détérioration du résultat net est due à l’augmentation des coûts de carburant, d’exploitation et de financement, partiellement compensée par une plus-value de 23,6 millions de dollars liée à la valorisation des titres d’investissement. Tous les inscrits sont à jour de leurs dépôts auprès de la SEC ; TNMP continue de déclarer sur une base volontaire avec une divulgation réduite.

TXNM Energy, Inc. (NYSE: TXNM) Highlights des 10-Q für das 2. Quartal 2025:

  • Umsatz stieg im Jahresvergleich um 2,9 % auf 502,4 Millionen US-Dollar; Umsatz im ersten Halbjahr 2025 um 6,5 % auf 985,2 Millionen US-Dollar ö.
  • Operatives Ergebnis sank um 31 % auf 72,7 Millionen US-Dollar, da Kraftstoffkosten (+8 %), Verwaltung & Allgemeines (+28 %) und Abschreibungen (+12 %) das Umsatzwachstum überstiegen; die Marge im ersten Halbjahr schrumpfte von 20,1 % auf 14,7 %.
  • Zinsaufwand stieg im Jahresvergleich um 29 % auf 72,0 Millionen US-Dollar aufgrund höherer Verschuldung durch jüngste Terminkredite, SUNs und Wandelanleihen.
  • Dem TXNM zurechenbarer Nettogewinn sank um 55 % auf 21,6 Millionen US-Dollar (verwässertes Ergebnis je Aktie von 0,22 US-Dollar) gegenüber 48,0 Millionen US-Dollar (0,53 US-Dollar) im Vorjahr; das Ergebnis je Aktie für das erste Halbjahr sank um 70 % auf 0,32 US-Dollar.
  • Dividende je Aktie stieg um 5 % auf 0,4075 US-Dollar.
  • Fusions-Update: Der Fusionsvertrag vom 18. Mai 2025 mit einer Tochtergesellschaft von Blackstone Infrastructure bleibt bestehen; TXNM wird als hundertprozentige Tochtergesellschaft von Troy ParentCo fortgeführt.

Die Verschlechterung des Nettoergebnisses wurde durch höhere Kraftstoff-, Betriebs- und Finanzierungskosten verursacht, teilweise ausgeglichen durch einen mark-to-market Gewinn von 23,6 Millionen US-Dollar aus Wertpapieren. Alle Registranten sind mit ihren SEC-Einreichungen auf dem aktuellen Stand; TNMP berichtet weiterhin freiwillig mit reduzierter Offenlegung.

Positive
  • Revenue grew 2.9% YoY and 6.5% YTD, showing underlying demand resilience.
  • Dividend per share increased 5%, indicating continued shareholder returns.
  • $23.6 million gain on investment securities partially offset operating cost pressure.
  • Merger with Blackstone affiliate promises potential premium valuation and capital support.
Negative
  • Net earnings plunged 55% YoY and EPS fell 58%, signalling sharp profitability deterioration.
  • Operating margin dropped to 14.5% from 21.6% on surging fuel, A&G and depreciation costs.
  • Interest expense up 29%, reflecting higher leverage and refinancing at higher rates.
  • Coverage ratios weaken; EBIT/interest now ~1.4×, reducing financial flexibility.

Insights

TL;DR: Profitability weakens despite modest revenue growth; leverage and cost inflation pressure EPS.

Top-line gains were modest and stem mainly from rate and volume mix, yet operating costs—particularly fuel and A&G—expanded well above inflation, eroding margins. Interest expense rose sharply as TXNM layered on $1 billion+ in new loans, SUNs and converts ahead of its pending take-private. Consequently, Q2 EPS slid 58% and 1H EPS 70%. Management maintained dividend growth, signalling confidence in cash flow, but payout now exceeds 125% of 1H earnings. Investors should focus on regulatory outcomes in NM & TX and merger timing; until then, earnings risk skews negative.

TL;DR: Rising leverage and interest costs weaken coverage; cash flow adequate but headroom narrows.

Interest charges climbed 29% YoY, cutting interest-coverage to roughly 1.4× (EBIT/Interest). Upcoming secured and unsecured issuances (ETBC I bonds, TNMP FMBs) plus term-loan maturities may keep debt trending upward. Positive free cash generation benefits from non-cash depreciation and securitized cost recovery, yet weaker EBIT and higher payouts constrain retained cash. Credit metrics remain investment-grade but drift toward the low-BBB area; further rate relief or merger proceeds will be pivotal for stability.

TXNM Energy, Inc. (NYSE: TXNM) evidenze del 10-Q del secondo trimestre 2025:

  • Ricavi aumentati del 2,9% su base annua a 502,4 milioni di dollari; ricavi del primo semestre 2025 in crescita del 6,5% a 985,2 milioni di dollari.
  • Reddito operativo diminuito del 31% a 72,7 milioni di dollari a causa di costi di carburante (+8%), spese amministrative e generali (+28%) e ammortamenti (+12%) che hanno superato la crescita dei ricavi; margine del primo semestre sceso al 14,7% dal 20,1%.
  • Spese per interessi aumentate del 29% su base annua a 72,0 milioni di dollari per via di un maggior indebitamento legato a prestiti a termine recenti, SUN e note convertibili.
  • Utile netto attribuibile a TXNM calato del 55% a 21,6 milioni di dollari (EPS diluito di 0,22 dollari) rispetto a 48,0 milioni di dollari (0,53 dollari) dell’anno precedente; EPS del primo semestre in calo del 70% a 0,32 dollari.
  • Dividendo per azione aumentato del 5% a 0,4075 dollari.
  • Aggiornamento sulla fusione: l’accordo di fusione del 18 maggio 2025 con un affiliato di Blackstone Infrastructure è confermato; TXNM continuerà come sussidiaria interamente controllata di Troy ParentCo.

Il peggioramento del risultato netto è stato causato da maggiori costi di carburante, O&M e finanziari, parzialmente compensati da un guadagno di 23,6 milioni di dollari da valutazione a mercato di titoli di investimento. Tutti i registranti sono aggiornati con le comunicazioni alla SEC; TNMP continua a riportare su base volontaria con disclosure ridotta.

Aspectos destacados del 10-Q del segundo trimestre 2025 de TXNM Energy, Inc. (NYSE: TXNM):

  • Ingresos aumentaron un 2,9% interanual hasta 502,4 millones de dólares; ingresos del primer semestre 2025 crecieron un 6,5% hasta 985,2 millones de dólares.
  • Ingreso operativo se redujo un 31% a 72,7 millones de dólares debido a que los costos de combustible (+8%), gastos administrativos y generales (+28%) y depreciación (+12%) superaron el crecimiento de ingresos; el margen del primer semestre se comprimió al 14,7% desde el 20,1%.
  • Gastos por intereses aumentaron un 29% interanual a 72,0 millones de dólares por mayor deuda vinculada a préstamos a plazo recientes, SUNs y notas convertibles.
  • Ganancias netas atribuibles a TXNM cayeron un 55% a 21,6 millones de dólares (EPS diluido de 0,22 dólares) frente a 48,0 millones (0,53 dólares) del año anterior; EPS del primer semestre bajó un 70% a 0,32 dólares.
  • Dividendo por acción incrementado un 5% a 0,4075 dólares.
  • Actualización de la fusión: El acuerdo de fusión del 18 de mayo de 2025 con un afiliado de Blackstone Infrastructure sigue vigente; TXNM continuará como subsidiaria propiedad total de Troy ParentCo.

El deterioro del resultado neto se debió a mayores costos de combustible, operación y mantenimiento y financieros, parcialmente compensados por una ganancia de 23,6 millones de dólares por valoración de mercado de valores de inversión. Todos los registrantes están al día con sus presentaciones ante la SEC; TNMP continúa reportando voluntariamente con divulgación reducida.

TXNM Energy, Inc. (NYSE: TXNM) 2025� 2분기 10-Q 주요 내용:

  • 매출� 전년 동기 대� 2.9% 증가하여 5� 2,240� 달러� 기록했으�, 2025� 상반� 매출은 6.5% 증가� 9� 8,520� 달러옶습니�.
  • 영업이익은 연료�(+8%), 관� � 일반�(+28%), 감가상각�(+12%) 상승� 매출 증가� 앞서면서 31% 감소� 7,270� 달러� 기록했으�, 상반� 영업이익률은 20.1%에서 14.7%� 축소되었습니�.
  • 이자 비용은 최근� 기간 대�, SUNs, 전환사채 증가� 따른 부� 증가� 전년 대� 29% 상승� 7,200� 달러옶습니�.
  • TXNM 귀� 순이�은 55% 감소� 2,160� 달러(희석 주당순이� 0.22달러)�, 전년 동기 4,800� 달러(0.53달러) 대� 감소했으�, 상반� 주당순이익은 70% 하락� 0.32달러옶습니�.
  • 주당 배당금은 5% 증가� 0.4075달러� 상향 조정되었습니�.
  • 합병 업데이트: 2025� 5� 18� 블랙스톤 인프라스트럭� 계열사와� 합병 계약은 유효하며, TXNM은 Troy ParentCo� 완전 자회사로 존속� 예정입니�.

순이� 악화� 연료�, 운영 � 유지�, 금융 비용 증가� 기인하며, 투자 증권� 시가 평가 이익 2,360� 달러� 일부 상쇄되었습니�. 모든 등록자는 SEC 제출� 정상적으� 이행 중이�, TNMP� 계속해서 자발적이� 축소� 공시 방식으로 보고하고 있습니다.

Faits saillants du 10-Q du deuxième trimestre 2025 de TXNM Energy, Inc. (NYSE : TXNM) :

  • Chiffre d'affaires en hausse de 2,9 % en glissement annuel à 502,4 millions de dollars ; chiffre d'affaires du premier semestre 2025 en hausse de 6,5 % à 985,2 millions de dollars.
  • Résultat opérationnel en baisse de 31 % à 72,7 millions de dollars en raison de coûts de carburant (+8 %), frais administratifs et généraux (+28 %) et amortissements (+12 %) dépassant la croissance du chiffre d'affaires ; la marge du premier semestre est passée de 20,1 % à 14,7 %.
  • Charges d’intérêts en hausse de 29 % en glissement annuel à 72,0 millions de dollars en raison d’une dette accrue liée aux prêts à terme récents, SUNs et obligations convertibles.
  • Bénéfice net attribuable à TXNM en baisse de 55 % à 21,6 millions de dollars (BPA dilué de 0,22 $) contre 48,0 millions de dollars (0,53 $) l’an dernier ; BPA du premier semestre en baisse de 70 % à 0,32 $.
  • Dividende par action augmenté de 5 % à 0,4075 $.
  • Mise à jour sur la fusion : L’accord de fusion du 18 mai 2025 avec une filiale de Blackstone Infrastructure reste en vigueur ; TXNM survivra en tant que filiale à 100 % de Troy ParentCo.

La détérioration du résultat net est due à l’augmentation des coûts de carburant, d’exploitation et de financement, partiellement compensée par une plus-value de 23,6 millions de dollars liée à la valorisation des titres d’investissement. Tous les inscrits sont à jour de leurs dépôts auprès de la SEC ; TNMP continue de déclarer sur une base volontaire avec une divulgation réduite.

TXNM Energy, Inc. (NYSE: TXNM) Highlights des 10-Q für das 2. Quartal 2025:

  • Umsatz stieg im Jahresvergleich um 2,9 % auf 502,4 Millionen US-Dollar; Umsatz im ersten Halbjahr 2025 um 6,5 % auf 985,2 Millionen US-Dollar ö.
  • Operatives Ergebnis sank um 31 % auf 72,7 Millionen US-Dollar, da Kraftstoffkosten (+8 %), Verwaltung & Allgemeines (+28 %) und Abschreibungen (+12 %) das Umsatzwachstum überstiegen; die Marge im ersten Halbjahr schrumpfte von 20,1 % auf 14,7 %.
  • Zinsaufwand stieg im Jahresvergleich um 29 % auf 72,0 Millionen US-Dollar aufgrund höherer Verschuldung durch jüngste Terminkredite, SUNs und Wandelanleihen.
  • Dem TXNM zurechenbarer Nettogewinn sank um 55 % auf 21,6 Millionen US-Dollar (verwässertes Ergebnis je Aktie von 0,22 US-Dollar) gegenüber 48,0 Millionen US-Dollar (0,53 US-Dollar) im Vorjahr; das Ergebnis je Aktie für das erste Halbjahr sank um 70 % auf 0,32 US-Dollar.
  • Dividende je Aktie stieg um 5 % auf 0,4075 US-Dollar.
  • Fusions-Update: Der Fusionsvertrag vom 18. Mai 2025 mit einer Tochtergesellschaft von Blackstone Infrastructure bleibt bestehen; TXNM wird als hundertprozentige Tochtergesellschaft von Troy ParentCo fortgeführt.

Die Verschlechterung des Nettoergebnisses wurde durch höhere Kraftstoff-, Betriebs- und Finanzierungskosten verursacht, teilweise ausgeglichen durch einen mark-to-market Gewinn von 23,6 Millionen US-Dollar aus Wertpapieren. Alle Registranten sind mit ihren SEC-Einreichungen auf dem aktuellen Stand; TNMP berichtet weiterhin freiwillig mit reduzierter Offenlegung.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
FICK DAVID M

(Last) (First) (Middle)
450 S. ORANGE AVE., SUITE 900

(Street)
ORLANDO FL 32801

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NNN REIT, INC. [ NNN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/31/2025 07/31/2025 A 1,739(1) A $42.1 65,494 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.
/s/ David M. Fick 08/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How did TXNM's Q2 2025 revenue compare to Q2 2024?

Revenue was $502.4 million, up 2.9% from $488.1 million.

What drove the decline in TXNM's Q2 2025 net earnings?

Higher fuel, administrative and depreciation costs plus a 29% rise in interest expense cut net earnings by 55%.

What is TXNM's diluted EPS for the first half of 2025?

Diluted EPS was $0.32, down from $1.05 in the first half of 2024.

Has TXNM changed its dividend?

Yes, the quarterly dividend increased to $0.4075 per share (5% YoY).

What is the status of the Blackstone-led merger?

The May 18 2025 Merger Agreement is active; TXNM will become a wholly-owned subsidiary of Troy ParentCo upon closing.
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REIT - Retail
AG˹ٷ Estate Investment Trusts
United States
ORLANDO