TXNM Energy reports 2024 earnings, increases investment plan and earnings growth targets
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TXNM Energy reported its 2024 earnings, meeting guidance expectations with GAAP earnings of $2.67 per share and ongoing earnings of $2.74 per share. The company introduced a 2025 earnings guidance range of $2.74 - $2.84 per share, reflecting strong growth in Texas and a mid-year PNM customer rate phase-in. TXNM also increased its long-term earnings growth target to 7% to 9%.
February 21, 2025 | 11:45 am
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POSITIVE IMPACT
TXNM Energy reported 2024 earnings in line with expectations and increased its long-term earnings growth target to 7%-9%. The company also introduced a 2025 earnings guidance range of $2.74-$2.84 per share, indicating strong growth prospects.
TXNM Energy's earnings met expectations, and the increase in long-term growth targets suggests positive future performance. The introduction of a 2025 guidance range further supports a positive outlook, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100