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Txnm Energy (TXNM) Tax Rate (2016 - 2024)

Txnm Energy's Tax Rate history spans 14 years, with the latest figure at 14.72% for Q2 2024.

  • For Q2 2024, Tax Rate rose 45.0% year-over-year to 14.72%; the TTM value through Jun 2024 reached 61.67%, down 7533.0%, while the annual FY2023 figure was 18.06%, 3043.0% down from the prior year.
  • Tax Rate reached 14.72% in Q2 2024 per TXNM's latest filing, up 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.
  • Average Tax Rate over 5 years is 11.98%, with a median of 12.48% recorded in 2021.
  • Peak YoY movement for Tax Rate: skyrocketed 1701bps in 2020, then plummeted -4722bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 33.56% in 2020, then fell by -15bps to 28.47% in 2021, then grew by 10bps to 31.28% in 2022, then grew by 24bps to 38.88% in 2023, then crashed by -62bps to 14.72% in 2024.
  • Per Business Quant, the three most recent readings for TXNM's Tax Rate are 14.72% (Q2 2024), 33.26% (Q1 2024), and 38.88% (Q4 2023).