Txnm Energy layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe filing reports restructuring costs recorded as regulatory disallowances and restructuring costs, which rose on the income statement; the text does not describe any specific layoff or workforce reduction in 2023.

   Word for word“Regulatory disallowances and restructuring costs 71,923 832 1,194 Depreciation and amortization 319,503 304,853 284,107 Transmission and distribution costs 98,721 94,684 81,335 Taxes other than income taxes 95,940 92,989 86,008 Total operating expenses 1,707,858 1,855,795 1,471,720 Operating income 231,340 393,760 308,153 Other Income and Deductions: Interest income 21,963 16,095 14,662 Gains (losses) on investment securities 19,246 ( 78,357 ) 16,850 Other income 24,204 21,601 20,200 Other (deductions) ( 15,869 ) ( 13,881 ) ( 18,559 ) Net other income and (deductions) 49,544 ( 54,542 ) 33,153 Interest Charges 190,355 127,908 96,877 Earnings before Income Taxes 90,529 211,310 244,429 Income Taxes (Benefits) ( 16,350 ) 26,130 32,582 Net Earnings 106,879 185,180 211,847 (Earnings) Attributable to Valencia Non-controlling Interest ( 18,533 ) ( 15,122 ) ( 15,490 ) Preferred Stock Dividend Requirements of Subsidiary ( 528 ) ( 528 ) ( 528 ) Net Earnings Attributable to PNMR $ 87,818 $ 169,530 $ 195,829 Net Earnings Attributable to PNMR per Common Share: Basic $ 1.02 $ 1.97 $ 2.28 Diluted $ 1.02 $ 1.97 $ 2.27 The accompanying notes, as they relate to PNMR, are an integral part of these consolidated financial statements.” 10-K for 2023

2. Our summaryThe filing describes a severance-related regulatory asset tied to the SJGS retirement, with severance and job training costs to be funded by Securitized Bonds for affected employees. Cost: $ 20.0 million for job training and severance costs for affected employees

   Word for word“PNM’s request for the issuance of Securitized Bonds included approximately $ 283 million of forecasted undepreciated investments in SJGS at June 30, 2022, an estimated $ 28.6 million for plant decommissioning and coal mine reclamation costs, $ 9.6 million in upfront financing costs, and $ 20.0 million for job training and severance costs for affected employees.” 10-K for 2023

Txnm Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Txnm Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.