Torm (TRMD) Tax Provisions (2015 - 2025)
Torm (TRMD) recorded quarterly Tax Provisions of -$1.7 million in Q2 2025, down 31481381.48% quarter-over-quarter from -$5.4 in Q1 2025, and down 254.55% on a YoY basis from $1.1 million in Q2 2024.
Torm (TRMD) Tax Provisions (2015 - 2025) Analysis & Trends
Torm's Tax Provisions history runs 11 years deep, the most recent figure standing at -$1.7 million for Q2 2025.
- In Q2 2025, Tax Provisions fell 254.55% year-over-year to -$1.7 million; the TTM figure through Jun 2025 stood at -$600003.4 (down 154.55% YoY), while the FY2025 annual figure was $9.2 million, up 560.0% from the prior year.
- Tax Provisions was -$1.7 million for Q2 2025 at Torm, down from -$5.4 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $6.8 million in Q4 2022 to a low of -$1.7 million in Q2 2025.
- Historically, Tax Provisions has averaged $382352.6 across 5 years, with a median of -$0.2 in 2021.
- The sharpest annual moves came in 2022 and 2023: Tax Provisions soared 3400000100.0% in 2022, then slumped 142857242.86% in 2023.
- A 5-year view of Tax Provisions shows it stood at -$0.2 in 2021, then jumped by 3400000100.0% to $6.8 million in 2022, then plunged by 100.0% to -$4.0 in 2023, then jumped by 150.0% to $2.0 in 2024, then sank by 85000100.0% to -$1.7 million in 2025.
- The last three Tax Provisions figures came in at -$1.7 million (Q2 2025), -$5.4 (Q1 2025), and $2.0 (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 428.04 Mn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 22.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 287.00 Mn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 135.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 123.90 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 245.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 102.54 Mn |
| 10 | Torm | 2.93 Bn | 2.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -1.70 Mn |
| Mar 31, 2025 | -5.40 |
| Dec 31, 2024 | 2.00 |
| Jun 30, 2024 | 1.10 Mn |
| Mar 31, 2024 | -1.60 |
| Dec 31, 2023 | -4.00 |
| Sep 30, 2023 | 3.80 |
| Jun 30, 2023 | -1.00 Mn |
| Mar 31, 2023 | 1.50 Mn |
| Dec 31, 2022 | 6.80 Mn |
| Sep 30, 2022 | -200,000.00 |
| Jun 30, 2022 | 0.70 |
| Mar 31, 2022 | -0.30 |
| Dec 31, 2021 | -0.20 |
| Sep 30, 2021 | -1.10 |
| Jun 30, 2021 | 0.50 |
| Mar 31, 2021 | -0.20 |
| Dec 31, 2020 | -0.30 |
| Sep 30, 2020 | 1.10 |
| Jun 30, 2020 | -0.30 |