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Earnings Per Share
 9 Months Ended
Sep. 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
Nine Months Ended
September 30,September 30,
2025202420252024
(In thousands, except per share amounts)
Net Earnings Attributable to TXNM
$130,710 $131,202 $161,209 $226,441 
Average Number of Common Shares:
Outstanding during period
107,015 90,200 98,542 90,200 
    Vested awards of restricted stock
346 330 347 306 
Average Shares – Basic
107,361 90,530 98,889 90,506 
Dilutive Effect of Common Stock Equivalents:
Restricted stock55 53 55 44 
TXNM ATM Programs
1 22 98 2 
Average Shares – Diluted
107,417 90,605 99,042 90,552 
Net Earnings Per Share of Common Stock:
Basic$1.22 $1.45 $1.63 $2.50 
Diluted$1.22 $1.45 $1.63 $2.50 

TXNM’s weighted average number of common shares outstanding for the three and nine months ended September 30, 2025 was impacted by the settlement of 3.5 million shares sold and settled under the TXNM 2025 ATM Program, 1.1 million shares sold and settled under the TXNM 2024 ATM Program, and the issuance of 11.6 million shares of common stock in private placement transactions. See Note 9.