About PNM Resources
PNM Resources is a company based in Albuquerque (United States) founded in 2022 was acquired by Blackstone in May 2025.. The company has 1,600 employees as of December 31, 2024. PNM Resources offers products and services including Electricity Supply and Sustainability Initiatives.
- Headquarter Albuquerque, United States
- Employees 1600 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name Txnm Energy, Inc.
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Annual Revenue
$1.97 B1.65as on Dec 31, 2024
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Net Profit
$242.68 M174.69as on Dec 31, 2024
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EBITDA
$885.48 M34.78as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
1600
as on Dec 31, 2024
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Acquired by
Blackstone
(May 19, 2025)
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IPO & Listings of PNM Resources
PNM Resources is a publicly listed company on the NYSE with ticker symbol TXNM in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PNM Resources
PNM Resources offers a comprehensive portfolio of products and services, including Electricity Supply and Sustainability Initiatives. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electricity is distributed to homes and businesses in specified regions.
Environmental policies and emissions management are implemented to promote a clean energy future.
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Funding Insights of PNM Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PNM Resources
PNM Resources has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PNM Resources
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PNM Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pnm Resources Comparisons
Competitors of PNM Resources
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pnm Resources
Frequently Asked Questions about PNM Resources
When was PNM Resources founded?
PNM Resources was founded in 2022.
Where is PNM Resources located?
PNM Resources is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
How many employees does PNM Resources have?
As of Dec 31, 2024, the latest employee count at PNM Resources is 1,600.
What is the annual revenue of PNM Resources?
Annual revenue of PNM Resources is $1.97B as on Dec 31, 2024.
What does PNM Resources do?
TXNM Energy is an energy holding company based in Albuquerque, New Mexico, with a diverse energy portfolio and regulated utility companies providing electricity to households and businesses across Texas and New Mexico. The companys subsidiaries include Public Service Company of NM and TNMP, serving over 800,000 customers. TXNM Energy focuses on grid modernization, system resiliency, and customer-centric services, and is listed on the New York Stock Exchange under the ticker symbol TXNM.
What products or services does PNM Resources offer?
PNM Resources offers Electricity Supply and Sustainability Initiatives.
Is PNM Resources publicly traded?
Yes, PNM Resources is publicly traded on NYSE under the ticker symbol TXNM.
Who are PNM Resources's investors?
PNM Resources has 1 investor. Key investors include Blackstone.
What is PNM Resources's ticker symbol?
The ticker symbol of PNM Resources is TXNM on NYSE.