TXNM Energy Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - TXNM Energy Inc. (TXNM) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $131.202 million, or $1.45 per share. This compares with $37.726 million, or $0.44 per share, in last year's third quarter.

Excluding items, TXNM Energy Inc. reported adjusted earnings of $129.343 million or $1.43 per share for the period.

Analysts on average had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.5% to $569.256 million from $505.851 million last year.

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

-Earnings (Q3): $131.202 Mln. vs. $37.726 Mln. last year. -EPS (Q3): $1.45 vs. $0.44 last year. -Revenue (Q3): $569.256 Mln vs. $505.851 Mln last year.