When was PNM Resources founded?

PNM Resources was founded in 2022.

Where is PNM Resources located?

PNM Resources is headquartered in Albuquerque, United States.

How many employees does PNM Resources have?

As of Mar 31, 2026, the latest employee count at PNM Resources is 75.

How much is PNM Resources worth?

The last known valuation of PNM Resources was $***** as of Mar 18, 2025.

Where does PNM Resources rank among its competitors?

PNM Resources ranks 134th amongst 2039 active competitors, of which 72 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Portland General Electric, which secured $3.82M in Oct, 2025.

Who are the top competitors of PNM Resources?

PNM Resources' top competitors include NTPC, Saudi Electricity and Iberdrola. Among them, Portland General Electric secured the most recent funding round in October, 2025.

PNM Resources - 2026 Company Profile, Competitors & Financials

Q: Is PNM Resources an acquired company?

PNM Resources got acquired by Blackstone on May 19, 2025.

Company Details

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 company's 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.

Key Metrics

Founded Year

2022

Location

Albuquerque, United States

Stage

Acquired

Last Known Valuation

$***** as on Mar 18, 2025

Ranked

134^th among 2039 active competitors

Employee Count

75 as on Mar 31, 2026

Similar Companies

NTPC & 976 more

Exit Details

Acquired by Blackstone (May 19, 2025)

View PNM Resources' full profile

PNM Resources is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Txnm Energy Inc CIN: 1108426 , United States, Active		-	-	-
Txnm Energy Inc CIN: 1108426 , United States, Active		$1B+ (As on Dec 31, 2025)	-	-

PNM Resources got acquired by Blackstone on May 19, 2025 at an acquisition amount of $*****.

Click here to take a look at PNM Resources's acquisition in detail

PNM Resources has not raised any funding rounds yet.

PNM Resources' employee count trend

PNM Resources has 75 employees as of Mar 26. Here is PNM Resources's employee count trend over the years:

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Top competitors of PNM Resources include NTPC, Saudi Electricity and Iberdrola. Here is the list of Top 10 competitors of PNM Resources, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NTPC 1975, Delhi (India), Public	Government entity engaged in the generation of electricity and allied activities	-	SBI, Canara Bank	73/100
2nd	Saudi Electricity 2000, Riyadh (Saudi Arabia), Public	Electric power generator and distributor	-	Citi, HSBC & 9 others	73/100
3rd	Iberdrola 1992, Bilbao (Spain), Public	Provider of integrated solutions and services for energy generation and sustainable development.	-	PGGM, Qatar Investment Authority & 3 others	73/100
4th	Vattenfall 1909, Stockholm (Sweden), Funding Raised	Producer of heat and power generating services	-	Taaleri, Danske Bank & 6 others	71/100
5th	Enel 1996, Rome (Italy), Public	Provider of renewable energy generation and electricity distribution utility services	-	B Capital Fund, Europa & 1 others	71/100
6th	PLN 1945, Jakarta (Indonesia), Funding Raised	Operator of electricity utilites	-	DBS Bank, China Construction Bank & 17 others	70/100
7th	Origin Energy 2000, Sydney (Australia), Public	Energy corporation	-	CVC, Greyrock Investments & 3 others	70/100
8th	FirstEnergy Corp 1997, Akron (United States), Public	Provider of electricity production and distribution services	-	Elliott Management, GIC & 4 others	69/100
9th	Portland General Electric 1888, Portland (United States), Public	Provider of electricity and related services to customers	-	General Electric, OSTI & 1 others	68/100
10th	Georgia Power 1883, Atlanta (United States), Public	Electric utility company	-	DOE, United States Department of Agriculture	68/100
134th	PNM Resources 2022, Albuquerque (United States), Acquired	It is an energy holding company that operates regulated utilities, delivering electricity and electric services	-	-	43/100