TXNM Energy set note conversion terms for TXNM Energy stock

Published on 10/18/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TXNM Energy declared a USD 0.4225 dividend on September 22, 2026. TXNM Energy stock has an October 23, 2026 record date and November 13 payment.

Convertible terms and income dates

TXNM Energy opened a conversion period on September 30, 2026, at 22.5654 shares per USD 1,000 of notes.
The company declared a USD 0.4225 quarterly dividend on September 22, 2026.
TXNM Energy stock was last quoted at EUR 52.50 on Tradegate on October 14, 2026.
The company had a USD 6.4 billion market capitalization as of October 16, 2026.

TXNM, US69349H1077, Illustration mit AI erstellt.

TXNM Energy (ISIN US69349H1077) opened a conversion period for its 5.75 percent junior subordinated notes on September 30, 2026, with a rate of 22.5654 common shares per USD 1,000 principal amount. The filing also sets the conversion window through December 31, 2026, while the company continues to operate under a pending merger agreement. The details were reported in a SEC filing dated September 30, 2026.

What do the notes mean for shareholders?

The conversion terms could add common shares if the value of a conversion exceeds the principal amount, while the company will deliver new 5.75 percent non-convertible junior subordinated notes for the principal portion. The SEC filing says the replacement notes may be less liquid and could trade below their USD 1,000 principal amount. That structure makes the conversion process relevant to the capital structure, even though the filing does not state a new share count.

Dividend dates add a second signal

On September 22, 2026, TXNM Energy declared a quarterly dividend of USD 0.4225 per common share. The dividend is payable November 13, 2026, to shareholders of record on October 23, 2026, according to Yahoo Finance. The payment date is the next concrete income milestone for holders.

Three dated developments carry the story

On July 31, 2026, TXNM Energy reported second-quarter revenue of USD 548.55 million and adjusted earnings per share of USD 0.58, compared with a USD 0.56 consensus estimate, according to MarketBeat. On September 22, the board declared the USD 0.4225 dividend. On September 30, the company opened the note conversion period at 22.5654 shares per USD 1,000.

Which dates come next?

The next two dated milestones are October 23, 2026, the dividend record date, and December 31, 2026, the scheduled end of the fourth-quarter note conversion period. A separate MarketBeat calendar places the estimated third-quarter 2026 report on October 30, 2026, before the market opens, with expected revenue of USD 649.59 million versus USD 647.16 million a year earlier.

Stock context for investors

TXNM Energy had a market capitalization of USD 6.4 billion and a 52-week range of USD 55.64 to USD 59.53 as of October 16, 2026. The company is listed on the New York Stock Exchange under TXNM, according to the SEC filing. The last available euro quote stood at EUR 52.50 on Tradegate on October 14, 2026.

The further course of trading is shown by the continuously updated real-time quote of TXNM Energy stock.