TXNM Energy (TXNM) reported Q1 ongoing earnings Friday of $0.21 per diluted share, up from $0.19 a year earlier.
Two analysts polled by FactSet expected $0.30.
Electric operating revenue for the quarter ended March 31 was $505 million, compared with $482.8 million a year earlier.
An analyst polled by FactSet expected $506.2 million.