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.
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