Investors Lose Their Minds Over TXNM Shares After $11.5 Billion Blackstone Deal…

TXNM Energy just sold itself to Blackstone for $11.5 billion, and the market responded exactly how you’d expect: by losing its mind. The stock hit an all-time high Monday, because apparently all it takes for investors to get bricked up in 2025 is a big fat infrastructure buyout and some vague promises about “growth-oriented investments.”

(Source: Giphy) 

The deal is as follows: $61.25 a share in cash which roughly translates to a 16% premium to where TXNM closed on Friday. That’s $11.5 billion in enterprise value, including debt and preferreds, in exchange for 800,000 customers across New Mexico and Texas and a portfolio of regulated utilities that scream “steady returns” in a world where everything else is on fire. Blackstone Infrastructure is also tossing in a $400 million private placement at $50/share to buy 8 million new shares, with TXNM matching that commitment.

Naturally, TXNM shares ripped nearly 9% in premarket and are still up over 7% today, trading around $56.60. Earlier, it touched $57.29… a new record. Meanwhile, Blackstone shares dipped about 1%, presumably because large M&A deals make public investors nervous that their private equity sugar daddies are spending too much time playing SimCity with utilities. 

(Source: Yahoo Finance) 

Now, is TXNM sexy? No. This isn’t AI or semiconductors. Hell, it’s not even fake meat.It’s wires, substations, and regulatory filings. But that’s exactly why Blackstone wants it. In a world where growth stocks are whiplashing and macro headlines look like Mad Libs on cocaine, boring is a feature, not a bug. TXNM’s business is slow, predictable, and in two states where deregulation isn’t a dirty word. It’s a dividend machine with a pulse. 

Additionally, Blackstone’s infrastructure unit itself has been on a bender lately. They just scooped up Safe Harbor Marinas for $5.65 billion and grabbed a 22% stake in AGS Airports for £235 million. The TXNM deal is just the latest notch in their belt, and it fits the pattern: real assets, boring income streams, and full control of operations without having to explain anything to Wall Street’s ADHD-riddled earnings junkies. 

The transaction is expected to close in the second half of 2026, which gives everyone plenty of time to forget about it by the time it actually happens. Dividends are expected to continue, subject to the usual board nod. And in case you’re keeping track, TXNM stock is now up over 47% in the last 12 months. If you bought in before the deal… congrats, have yourself a day. If you just figured out what TXNM is, well then now you know. 

In the end, do what you will with this information, but it’s clear the market is loving it. Now let’s just see how long it lasts. Until next time, friends… 

P.S. Oh, I’m sorry, I didn’t know you liked getting rekt. Let’s face it, retail investors get the short end of the stick all day everyday. It’s the smart money’s world, and we are just living in it–only useful when it comes to liquidity purposes in the market. Meaning, if you’re as pissed off as I was when I found out Milli Vanilli was lip syncing the whole time, then it’s time to go from investing blind, to investing smart. Luckily for you, the key is right here as a Stocks.News premium member. Click here to see exactly how our premium members are printing while others quake in the face of today’s market chaos. 

Stocks.News does not hold positions in companies mentioned in the article.