Blackstone Acquires TXNM Energy Inc. in $11.5 Billion Deal

On May 19, 2025, Blackstone Infrastructure announced its acquisition of TXNM Energy Inc., a prominent electric utility holding company, in a deal valued at $11.5 billion. This strategic move underscores Blackstone’s commitment to investing in long-term infrastructure projects, particularly in the rapidly evolving energy sector.

Market Reaction and Stock Performance

Following the announcement, TXNM Energy’s stock experienced a significant surge. Shares soared by 9.2% to $57.75, reflecting investor optimism about the acquisition. The stock’s rise was further supported by Citi’s decision to increase the price target from $53 to $55, indicating a positive outlook on the company’s future performance.

Strategic Implications

The acquisition is part of Blackstone’s broader strategy to capitalize on the increasing demand for electricity in the United States and the ongoing transition to cleaner energy sources. By acquiring TXNM Energy, Blackstone aims to bolster its portfolio with a company that plays a crucial role in the energy infrastructure of New Mexico and Texas.

Background on TXNM Energy Inc.

TXNM Energy Inc., listed on the New York Stock Exchange, operates in the electric utilities sector. As of May 15, 2025, the company had a close price of $52.88, with a 52-week high of $56.5 and a low of $35.56. The company boasts a market capitalization of $4.94 billion and a price-to-earnings ratio of 23.7.

Conclusion

The acquisition of TXNM Energy by Blackstone Infrastructure marks a significant development in the utilities sector, highlighting the growing importance of infrastructure investments in supporting the transition to clean energy. This deal not only reflects Blackstone’s strategic vision but also signals confidence in the future growth of the energy market in the United States.