TXNM ENERGY INC (TXNM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
TXNM currently has 93M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.77% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 31, 2026 |
8-K filing: TXNM Energy, Inc. notified holders of its 5.75% Junior Subordinated Convertible Notes due 2054 that the Convertible Notes are convertible, at the option of the holders, over a period beginning on April 1, 2026, and ending at the close of business on June 30, 2026, at a conversion rate of 22.5382 shares of common stock per $1,000 principal amount of Convertible Notes, which is equivalent to a conversion price of approximately $44.37 per share of common stock. |
93M | 0 |
| Jan 02, 2026 |
8-K filing: Holders of TXNM Energy, Inc.'s Convertible Notes have the option to convert them into common stock at a rate of 22.5248 shares per $1,000 principal amount during the First Quarter 2026 Conversion Period, with a conversion price of approximately $44.40 per share; upon conversion, holders will receive newly issued non-convertible notes and shares for any excess conversion obligation. |
93M | 0 |
| Jun 24, 2025 |
8-K filing: TXNM Energy, Inc. entered into a Stock Purchase Agreement with Zimmer Partners, LP and other purchasers to issue 3,615,003 shares of common stock at $55.325 per share, for an aggregate amount of approximately $200 million. ($200.0M proceeds) |
93M | 0 |
| May 09, 2025 |
10-Q filing | 93.0M shares outstanding |
93M | 0 |
| Feb 28, 2025 |
10-K filing | 90.6M shares outstanding |
91M | 0 |
| Nov 01, 2024 |
10-Q filing | 90.5M shares outstanding |
91M | 0 |
| Aug 05, 2024 |
8-K filing: TXNM Energy, Inc. increased the aggregate offering sales price of its common stock under the distribution agreement from up to $100 million to up to $300 million and has sold 262,025 shares for an aggregate offering sales price of $9,993,513, leaving $290,006,487 available for sale. The company also amended its Articles of Incorporation to increase the number of authorized shares of common stock from 120,000,000 to 200,000,000. ($9.99M proceeds) |
91M | 0 |
| Aug 02, 2024 |
10-Q filing | 90.5M shares outstanding |
91M | 0 |
| May 03, 2024 |
10-Q filing | 90.5M shares outstanding |
90M | 0 |
| Feb 29, 2024 |
10-K filing | 86.4M shares outstanding |
86M | 0 |
| Oct 27, 2023 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Aug 04, 2023 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| May 05, 2023 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Feb 28, 2023 |
10-K filing | 86.1M shares outstanding |
86M | 0 |
| Nov 04, 2022 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Aug 04, 2022 |
10-Q filing | 86.2M shares outstanding |
86M | 0 |
| Apr 28, 2022 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Mar 01, 2022 |
10-K filing | 86.1M shares outstanding |
86M | 0 |
| Oct 29, 2021 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Jul 30, 2021 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Apr 30, 2021 |
10-Q filing | 86.0M shares outstanding |
86M | 0 |
| Mar 01, 2021 |
10-K filing | 80.3M shares outstanding |
80M | 0 |
| Dec 16, 2020 |
8-K filing: PNM Resources, Inc. settled forward sale agreements by issuing 6,181,250 shares of common stock for net proceeds of approximately $283 million on December 15, 2020. ($283.0M proceeds) |
80M | 0 |
| Oct 30, 2020 |
10-Q filing | 79.9M shares outstanding |
80M | 0 |
| Jul 31, 2020 |
10-Q filing | 79.8M shares outstanding |
80M | 0 |
| May 01, 2020 |
10-Q filing | 79.9M shares outstanding |
80M | 0 |
| Mar 02, 2020 |
10-K filing | 79.9M shares outstanding |
80M | 0 |