TXNM Energy Inc. Full Year Profit Increases, Beats Estimates

(RTTNews) - TXNM Energy Inc. (TXNM) revealed a profit for its full year that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $242.15 million, or $2.67 per share. This compares with $87.82 million, or $1.02 per share, last year.

Excluding items, TXNM Energy Inc. reported adjusted earnings of $2.74 per share for the period.

Analysts on average had expected the company to earn $2.73 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.7% to $1.971 billion from $1.939 billion last year.

TXNM Energy Inc. earnings at a glance (GAAP) :

-Earnings: $242.15 Mln. vs. $87.82 Mln. last year. -EPS: $2.67 vs. $1.02 last year. -Revenue: $1.971 Bln vs. $1.939 Bln last year.