Txnm Energy Inc (TXNM) Tax Rate (2009 - 2024)

Txnm Energy (TXNM) has reported Tax Rate for 16 consecutive years, with 14.72% the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Tax Rate rose 45.0% year-over-year to 14.72%; the trailing twelve-month figure through Jun 2024 stood at 61.67% (down 7533.0% YoY), and the FY2023 full-year result was 18.06%, down 3043.0% from the prior year.
• Tax Rate advanced to 14.72% in Q2 2024 per TXNM's latest filing, from 33.26% in the prior quarter.
• Across five years, Tax Rate topped out at 38.88% in Q4 2023 and bottomed at 33.26% in Q1 2024.
• Historically, Tax Rate has averaged 11.98% across 5 years, with a median of 12.48% in 2021.
• The sharpest annual moves came in 2020 and 2024: Tax Rate jumped 1701 bps in 2020, then tumbled 4722 bps in 2024.
• Over 5 years, Tax Rate stood at 33.56% in 2020, then fell by 15 bps to 28.47% in 2021, then gained by 10 bps to 31.28% in 2022, then grew by 24 bps to 38.88% in 2023, then slumped by 62 bps to 14.72% in 2024.
• According to Business Quant data, Tax Rate over the past three periods registered 14.72%, 33.26%, and 38.88% for Q2 2024, Q1 2024, and Q4 2023 respectively.