BlackRock, Inc. Increases Stake in TXNM Energy Inc to 11.5% Ownership

On April 24, 2026, BlackRock, Inc. filed a Schedule 13G/A with the SEC, reporting a significant position in TXNM Energy Inc. As of the event date of March 31, 2026, BlackRock beneficially owns 12,545,112 shares of TXNM common stock, representing 11.5% of the company's outstanding shares. This filing serves as Amendment No. 18, indicating a long-standing reporting history with the issuer. The filing specifies that BlackRock holds sole voting power over 12,268,236 shares and sole dispositive power over the full 12,545,112 shares. The securities were acquired in the ordinary course of business and are not intended to influence or change the control of TXNM Energy. Various subsidiaries under the BlackRock corporate umbrella are listed as having interests in the shares, though no single individual's interest exceeds 5% of the total outstanding stock. This increase in holdings highlights BlackRock's continued and substantial investment in the Albuquerque-based energy company.