Pnm was Txnm Energy’s largest revenue line in fiscal 2022, bringing in $1.77B of $2.26B (78%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pnm | — | — | — | — | — | — | — | — | $1.77B | ||||||||||||
| Public Service Company Of New Mexico | $269.32M | $238.22M | $331.11M | $838.00M | $248.13M | $260.79M | $364.50M | $1.14B | — | ||||||||||||
| Tnmp | — | — | — | — | — | — | — | — | $482.73M | ||||||||||||
| Texas-New Mexico Power Company | $80.33M | $92.01M | $102.47M | $388.72M | $85.49M | $96.86M | $107.96M | $383.18M | — | ||||||||||||
| Nmrd | — | — | — | — | — | — | — | $10.37M | $12.51M | ||||||||||||
| Total | $349.65M | $330.23M | $433.59M | $1.23B | $333.62M | $357.65M | $472.47M | $1.53B | $2.26B |
Txnm Energy brought in $2.26B from its three revenue lines in fiscal 2022, the year ended December 31, 2022. Txnm Energy regrouped these revenue lines after fiscal 2020, so the total does not compare directly with that year's $1.53B. Pnm was the largest at $1.77B (78.1%), ahead of Tnmp at $482.73M (21.3%) and Nmrd at $12.51M (0.6%).
Txnm Energy began breaking out Pnm in fiscal 2022 and Tnmp in fiscal 2022. Txnm Energy stopped reporting Public Service Company Of New Mexico ($1.14B in fiscal 2020) and Texas-New Mexico Power Company ($383.18M in fiscal 2020) as separate revenue lines.
Residential was Txnm Energy’s largest revenue line in fiscal 2022, bringing in $1.16B of $2.03B (57%).
| Customer | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Residential | $427.88M | $482.85M | — | $1.16B | |
| Commercial | $513.94M | $510.50M | — | $576.22M | |
| Industrial | $92.01M | $145.58M | $29.09M | $207.12M | |
| Public Authority | $46.34M | $34.83M | $51.58M | $49.04M | |
| Economy Energy Service | $25.76M | $15.91M | $35.22M | $45.01M | |
| Total | $1.11B | $1.19B | $115.89M | $2.03B |
Txnm Energy brought in $2.03B from its five revenue lines in fiscal 2022, the year ended December 31, 2022. That is less than the $2.26B it reports by legal entity, so these revenue lines do not cover all of its revenue. Residential was the largest at $1.16B (56.9%), ahead of Commercial at $576.22M (28.3%) and Industrial at $207.12M (10.2%). The other two revenue lines brought in $94.05M combined.
Compared with fiscal 2021, Industrial grew fastest, up 612.0% to $207.12M, while Public Authority fell the most, down 4.9% to $49.04M. Some of that change comes from Txnm Energy regrouping its revenue lines.
Pnm was Txnm Energy’s largest segment in fiscal 2022, bringing in $1.77B of $2.25B (79%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 |
|---|---|---|---|---|---|---|
| Pnm | — | — | $1.77B | |||
| Public Service Company Of New Mexico | $1.09B | $1.14B | — | |||
| Tnmp | — | — | $482.73M | |||
| Texas-New Mexico Power Company | $363.78M | $383.18M | — | |||
| Total | $1.46B | $1.52B | $2.25B |
Txnm Energy brought in $2.25B from its two segments in fiscal 2022, the year ended December 31, 2022. Txnm Energy regrouped these segments after fiscal 2020, so the total does not compare directly with that year's $1.52B. Pnm was the largest at $1.77B (78.5%), ahead of Tnmp at $482.73M (21.5%).
Txnm Energy began breaking out Pnm in fiscal 2022 and Tnmp in fiscal 2022. Txnm Energy stopped reporting Public Service Company Of New Mexico ($1.14B in fiscal 2020) and Texas-New Mexico Power Company ($383.18M in fiscal 2020) as separate segments.
Txnm Energy (TXNM) reports its revenue by legal entity, by customer and by segment. In fiscal 2022, Pnm was its largest revenue line, bringing in $1.77B (78.1% of the total), followed by Tnmp at $482.73M (21.3%).
Pnm was Txnm Energy's largest revenue line in fiscal 2022, bringing in $1.77B, or 78.1% of the $2.26B total across its three revenue lines.
Pnm was Txnm Energy's largest segment in fiscal 2022, bringing in $1.77B, or 78.5% of the $2.25B total across its two segments.
Every figure comes from Txnm Energy's annual financial filings, as reported. Each line keeps the name Txnm Energy gives it, and years follow its fiscal calendar.
Txnm Energy's revenue by legal entity goes back to fiscal 2009, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.