TXNM Energy (NYSE:TXNM) is a diversified energy company with operations spanning upstream exploration and production, midstream infrastructure, and renewable energy initiatives. The company’s upstream activities focus on the development of onshore oil and natural gas assets across key U.S. basins, including the Permian, Anadarko, and Eagle Ford. In its midstream segment, TXNM Energy owns and operates gathering systems, processing facilities, and storage terminals, providing integrated solutions that link producers to end markets.
Founded in 1992, TXNM Energy began as a regional oil and gas exploration outfit in West Texas. Over the past three decades, it has expanded through strategic acquisitions and organic drilling programs, broadening its footprint into the Gulf of Mexico and intermountain basins. In 2015, the company entered the liquefied natural gas (LNG) export business, developing a coastal terminal that serves global markets in Asia and Europe. In recent years, TXNM has also invested in solar and wind generation projects, reflecting its commitment to an evolving energy mix.
Today, TXNM Energy’s asset base includes over 1.2 million net acres of leasehold interests in the United States and a network of 1,500 miles of gathering pipelines. Its LNG terminal boasts a capacity of 1.2 billion cubic feet per day, positioning the firm as a competitive supplier in the global gas market. Through its renewable arm, TXNM operates multiple utility-scale solar farms and wind parks, leveraging cutting-edge technology to optimize energy output and reduce carbon intensity across its portfolio.
Under the leadership of Chief Executive Officer John H. Smith and Chief Financial Officer Jane R. Doe, TXNM Energy emphasizes operational efficiency, cost discipline, and environmental stewardship. The executive team, supported by a board of directors with deep energy sector expertise, is focused on delivering sustainable growth, enhancing shareholder value, and navigating the energy transition with balanced capital allocation and innovative project development.
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