Acquisition · May 21, 2026 · $11.5B
Deal stage
| Acquirer | Blackstone |
| Target | TXNM Energy |
| Deal type | Acquisition |
| Deal value | $11.5B |
| Financing | Stock |
| Announced | May 21, 2026 |
| Deal stage | Announced |
| Sector | Utilities |
| Region | New Mexico |
| Filing Type | news |
Source
www.utilitydive.com →Last updated May 23, 2026 · Updated May 23, 2026
TXNM Energy (Target)SEC filings →
| Revenue | $2.2B |
| Net Income | $169.8M |
| Total Assets | $12.1B |
Blackstone (Acquirer)SEC filings →
| Revenue | $14.5B |
| Net Income | $3.0B |
| Total Assets | $47.7B |
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