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Schedule I - Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial Information of Parent Company | SCHEDULE I TXNM ENERGY, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF EARNINGS
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Operating Revenues | $ | — |  |  | $ | — |  |  | $ | — |
Operating Expenses | 9,406 |  |  | 4,972 |  |  | 6,199 |
Operating (loss) | (9,406) |  |  | (4,972) |  |  | (6,199) |
Other Income and Deductions: |  |  |  |  |
Equity in earnings of subsidiaries | 299,867 |  |  | 133,628 |  |  | 197,860 |
Other income | 1,427 |  |  | 2,245 |  |  | 663 |
Net other income and (deductions) | 301,294 |  |  | 135,873 |  |  | 198,523 |
Interest Charges | 64,916 |  |  | 58,934 |  |  | 30,430 |
Earnings Before Income Taxes | 226,972 |  |  | 71,967 |  |  | 161,894 |
Income Tax (Benefit) | (15,182) |  |  | (15,851) |  |  | (7,636) |
Net Earnings | $ | 242,154 |  |  | $ | 87,818 |  |  | $ | 169,530 |
SCHEDULE I TXNM ENERGY, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Cash Flows From Operating Activities: |  |  |  |  |
Net Cash Flows From Operating Activities | $ | (36,927) |  |  | $ | (31,368) |  |  | $ | (10,261) |
Cash Flows From Investing Activities: |  |  |  |  |
Additions to non-utility plant | 839 |  |  | 1,138 |  |  | 1,136 |
Investments in subsidiaries | (112,000) |  |  | (85,500) |  |  | (70,200) |
Cash dividends from subsidiaries | 153,000 |  |  | — |  |  | 153,500 |
Net cash flows from investing activities | 41,839 |  |  | (84,362) |  |  | 84,436 |
Cash Flows From Financing Activities: |  |  |  |  |
Short-term borrowings (repayments) -affiliate, net | 21,100 |  |  | (5,300) |  |  | (700) |
Revolving credit facility borrowings | 822,000 |  |  | 837,000 |  |  | 640,400 |
Revolving credit facility repayments | (797,400) |  |  | (777,100) |  |  | (685,900) |
Long-term borrowings | 550,000 |  |  | 500,000 |  |  | 100,000 |
Repayment of long-term debt | (539,000) |  |  | (500,000) |  |  | — |
Issuance of common stock | 98,601 |  |  | 198,177 |  |  | — |
Awards of common stock | (8,460) |  |  | (9,646) |  |  | (7,980) |
Dividends paid | (139,811) |  |  | (126,177) |  |  | (119,311) |
Other, net | (11,945) |  |  | (1,221) |  |  | (686) |
Net cash flows from financing activities | (4,915) |  |  | 115,733 |  |  | (74,177) |
Change in Cash and Cash Equivalents | (3) |  |  | 3 |  |  | (2) |
Cash and Cash Equivalents at Beginning of Period | 64 |  |  | 61 |  |  | 63 |
Cash and Cash Equivalents at End of Period | $ | 61 |  |  | $ | 64 |  |  | $ | 61 |
Supplemental Cash Flow Disclosures: |  |  |  |  |
Interest paid, net of amounts capitalized | $ | 71,917 |  |  | $ | 47,122 |  |  | $ | 29,904 |
Income taxes paid (refunded), net | $ | (1,707) |  |  | $ | 350 |  |  | $ | (2,500) |
SCHEDULE I TXNM ENERGY, INC. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS
| December 31,
| 2024 |  | 2023
| (In thousands)
Assets |  |  |
Cash and cash equivalents | $ | 61 |  |  | $ | 64 |
Intercompany receivables | — |  |  | 55,575 |
Derivative instruments | — |  |  | 7,172 |
Income taxes receivable | 15,326 |  |  | 8,266 |
Other current assets | 15 |  |  | 133 |
Total current assets | 15,402 |  |  | 71,210 |
Property, plant and equipment, net of accumulated depreciation of $19,650 and $18,810 | 19,536 |  |  | 20,374 |
Investment in subsidiaries | 3,625,611 |  |  | 3,345,400 |
Other long-term assets | 48,312 |  |  | 44,628 |
Total long-term assets | 3,693,459 |  |  | 3,410,402 |
| $ | 3,708,861 |  |  | $ | 3,481,612 |
Liabilities and Stockholders’ Equity |  |  |
Short-term debt | 93,900 |  |  | 69,300 |
Short-term debt-affiliate | 30,319 |  |  | 9,219 |
Current installments of long-term debt | 50,967 |  |  | — |
Intercompany payables | 1,999 |  |  | — |
Accrued interest and taxes | 6,428 |  |  | 14,650 |
Dividends declared | 36,757 |  |  | 34,953 |
Other current liabilities | 571 |  |  | 184 |
Total current liabilities | 220,941 |  |  | 128,306 |
Long-term debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs | 948,731 |  |  | 999,151 |
Other long-term liabilities | 2,803 |  |  | 5,062 |
Total liabilities | 1,172,475 |  |  | 1,132,519 |
Common stock (no par value; 200,000,000 and $120,000,000 shares authorized; issued and outstanding 92,659,335 and 90,200,384 shares) | 1,724,444 |  |  | 1,624,823 |
Accumulated other comprehensive income (loss), net of income taxes | (75,708) |  |  | (62,840) |
Retained earnings | 887,650 |  |  | 787,110 |
Total common stockholders’ equity | 2,536,386 |  |  | 2,349,093 |
| $ | 3,708,861 |  |  | $ | 3,481,612 |
See Notes 7, 8, 11, and 16 for information regarding commitments, contingencies, and maturities of long-term debt.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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