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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share is computed by dividing net earnings attributable to TXNM by the weighted average number of common shares outstanding during the period. Diluted earnings per share was computed by dividing net earnings attributable to TXNM by the diluted weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other agreements to issue common stock were settled. TXNM applies the treasury stock method for restricted stock and the unsettled shares sold under forward sale agreements pursuant to the TXNM ATM Programs. Information regarding the computation of earnings per share is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands, except per share amounts)
Net Earnings Attributable to TXNM | $ | 21,576 |  |  | $ | 48,049 |  |  | $ | 30,499 |  |  | $ | 95,239 |
Average Number of Common Shares: |  |  |  |  |  |  |
Outstanding during period | 95,793 |  |  | 90,200 |  |  | 94,235 |  |  | 90,200 |
Vested awards of restricted stock | 339 |  |  | 304 |  |  | 348 |  |  | 293 |
Average Shares – Basic | 96,132 |  |  | 90,504 |  |  | 94,583 |  |  | 90,493 |
Dilutive Effect of Common Stock Equivalents: |  |  |  |  |  |  |
Restricted stock | 65 |  |  | 48 |  |  | 54 |  |  | 40 |
Average Shares – Diluted | 96,197 |  |  | 90,552 |  |  | 94,637 |  |  | 90,533 |
Net Earnings Per Share of Common Stock: |  |  |  |  |  |  |
Basic | $ | 0.22 |  |  | $ | 0.53 |  |  | $ | 0.32 |  |  | $ | 1.05 |
Diluted | $ | 0.22 |  |  | $ | 0.53 |  |  | $ | 0.32 |  |  | $ | 1.05 |
TXNM’s weighted average number of common shares outstanding for the three and six months ended June 30, 2025 was impacted by the settlement of the 1.1 million shares forward sold under the TXNM 2024 ATM Program and the issuance of 11.6 million shares of common stock in private placement transactions. See Note 9.

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