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    Bank of America Ross Fowler Phone: (646) 855-1506
    Barclays Capital Inc. Nicholas Campanella Phone: (212) 526-6123
    Citi Research Ryan Levine Phone: (212) 816-6555
    Evercore ISI Michael Lonegan Phone: (212) 653-8997
    Jefferies Julien Dumoulin-Smith  Phone: (281) 774-2066 
    Mizuho Securities USA LLC Anthony Crowdell Phone: (646) 949-9524
    RBC Capital Markets, LLC Shelby Tucker Phone: (212) 428-6462
    Regulatory Research Associates Jim Davis Phone: (201) 433-5507
    Scotiabank Andrew Weisel Phone: (212)225-5266 
    Siebert Williams Shank & Co., LLC Christopher Ellinghaus Phone: (212) 373-4288
    Wells Fargo Securities Jonathan Reeder Phone: (314) 878-2052

    TXNM Energy, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding TXNM Energy, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of TXNM Energy, Inc. or its management. TXNM Energy, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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