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
DateValue
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