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Schedule I - Condensed Financial Information of Parent Company
 12 Months Ended
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,
 202420232022
 (In thousands)
Operating Revenues$— $— $— 
Operating Expenses9,406 4,972 6,199 
Operating (loss)(9,406)(4,972)(6,199)
Other Income and Deductions:
Equity in earnings of subsidiaries299,867 133,628 197,860 
Other income
1,427 2,245 663 
Net other income and (deductions)301,294 135,873 198,523 
Interest Charges64,916 58,934 30,430 
Earnings Before Income Taxes226,972 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,
 202420232022
 (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 subsidiaries153,000 — 153,500 
Net cash flows from investing activities41,839 (84,362)84,436 
Cash Flows From Financing Activities:
Short-term borrowings (repayments) -affiliate, net21,100 (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 borrowings550,000 500,000 100,000 
Repayment of long-term debt(539,000)(500,000)— 
Issuance of common stock98,601 198,177 — 
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 Period64 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,
 20242023
 (In thousands)
Assets
Cash and cash equivalents$61 $64 
Intercompany receivables— 55,575 
Derivative instruments— 7,172 
Income taxes receivable15,326 8,266 
Other current assets15 133 
Total current assets15,402 71,210 
Property, plant and equipment, net of accumulated depreciation of $19,650 and $18,810
19,536 20,374 
Investment in subsidiaries3,625,611 3,345,400 
Other long-term assets48,312 44,628 
Total long-term assets3,693,459 3,410,402 
$3,708,861 $3,481,612 
Liabilities and Stockholders’ Equity
Short-term debt93,900 69,300 
Short-term debt-affiliate30,319 9,219 
Current installments of long-term debt
50,967 — 
Intercompany payables
1,999 — 
Accrued interest and taxes6,428 14,650 
Dividends declared36,757 34,953 
Other current liabilities571 184 
Total current liabilities220,941 128,306 
Long-term debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs948,731 999,151 
Other long-term liabilities2,803 5,062 
Total liabilities1,172,475 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 earnings887,650 787,110 
Total common stockholders’ equity2,536,386 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.