Txnm Energy Inc (TXNM) Tax Rate (2009 - 2024)
Txnm Energy's (TXNM) quarterly Tax Rate came in at 14.72% in Q2 2024, up 45.0% YoY from 10.15% in Q3 2023, and up 144.26% on a QoQ basis from 33.26% in Q1 2024.
Txnm Energy Inc (TXNM) Tax Rate (2009 - 2024) Analysis & Trends
Txnm Energy (TXNM) has 16 years of Tax Rate data on file, last reported at 14.72% in Q2 2024.
- Quarterly Tax Rate rose 45.0% year-over-year to 14.72% in Q2 2024, while the trailing twelve-month figure through Jun 2024 was 61.67% (down 7533.0% YoY) and the FY2023 annual result came in at 18.06%, down 3043.0% from the prior year.
- Tax Rate improved to 14.72% in Q2 2024, from 33.26% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 38.88% in Q4 2023 to a low of 33.26% in Q1 2024.
- A 5-year average of 11.98% and a median of 12.48% in 2021 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate soared 1701 bps — and 2024, when it slumped 4722 bps.
- Tracing TXNM's Tax Rate over 5 years: stood at 33.56% in 2020, then dropped by 15 bps to 28.47% in 2021, then increased by 10 bps to 31.28% in 2022, then advanced by 24 bps to 38.88% in 2023, then plunged by 62 bps to 14.72% in 2024.
- The last three Tax Rate figures came in at 14.72% (Q2 2024), 33.26% (Q1 2024), and 38.88% (Q4 2023), per Business Quant data.
Powered by 
Peer Comparison
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 14.72% |
| Jun 30, 2024 | 14.72% |
| Jun 30, 2024 | 14.72% |
| Mar 31, 2024 | -33.26% |
| Mar 31, 2024 | -33.26% |
| Mar 31, 2024 | -33.26% |
| Dec 31, 2023 | 38.88% |
| Dec 31, 2023 | 38.88% |
| Dec 31, 2023 | 38.88% |
| Sep 30, 2023 | -13.99% |
| Sep 30, 2023 | -13.99% |
| Sep 30, 2023 | -13.99% |
| Jun 30, 2023 | 14.27% |
| Jun 30, 2023 | 14.27% |
| Jun 30, 2023 | 14.27% |
| Mar 31, 2023 | 13.96% |
| Mar 31, 2023 | 13.96% |
| Mar 31, 2023 | 13.96% |
| Dec 31, 2022 | 31.28% |
| Dec 31, 2022 | 31.28% |