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

Txnm Energy posted quarterly Tax Rate of 14.72% for Q2 2024, up 45.0% year-on-year from 10.15% in Q3 2023, and up 144.26% on a QoQ basis from 33.26% in Q1 2024.

Txnm Energy (TXNM) has 16 years of Tax Rate data on file, last reported at 14.72% 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 for Q2 2024 stood at 14.72%, up 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.
  • The 5-year median for Tax Rate is 12.48% (2021), against an average of 11.98%.
  • The widest annual swing landed in 2020, when Tax Rate soared 1701 bps; it then plunged 4722 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 33.56% in 2020, then declined by 15 bps to 28.47% in 2021, then rose by 10 bps to 31.28% in 2022, then climbed by 24 bps to 38.88% in 2023, then tumbled 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.

Historic Data

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DateValue
Jun 30, 2024 14.72
Jun 30, 2024 14.72
Mar 31, 2024 -33.26
Mar 31, 2024 -33.26
Dec 31, 2023 38.88
Dec 31, 2023 38.88
Sep 30, 2023 -13.99
Sep 30, 2023 -13.99
Jun 30, 2023 14.27
Jun 30, 2023 14.27
Mar 31, 2023 13.96
Mar 31, 2023 13.96
Dec 31, 2022 31.28
Dec 31, 2022 31.28
Sep 30, 2022 9.59
Sep 30, 2022 9.59
Jun 30, 2022 5.41
Jun 30, 2022 5.41
Mar 31, 2022 11.26
Mar 31, 2022 11.26
Dec 31, 2021 28.47
Dec 31, 2021 28.47
Sep 30, 2021 12.41
Sep 30, 2021 12.41
Jun 30, 2021 12.56
Jun 30, 2021 12.56
Mar 31, 2021 6.88
Mar 31, 2021 6.88
Dec 31, 2020 33.56
Dec 31, 2020 33.56
Sep 30, 2020 8.95
Sep 30, 2020 8.95
Jun 30, 2020 6.49
Jun 30, 2020 6.49
Mar 31, 2020 14.16
Mar 31, 2020 14.16
Dec 31, 2019 16.55
Dec 31, 2019 16.55
Sep 30, 2019 7.92
Sep 30, 2019 7.92
Jun 30, 2019 37.21
Jun 30, 2019 37.21
Mar 31, 2019 5.34
Mar 31, 2019 5.34
Dec 31, 2018 17.67
Dec 31, 2018 17.67
Sep 30, 2018 12.35
Sep 30, 2018 12.35
Jun 30, 2018 10.83
Jun 30, 2018 10.83
Mar 31, 2018 4.00
Mar 31, 2018 4.00
Dec 31, 2017 1,199.43
Dec 31, 2017 1,199.43
Sep 30, 2017 35.30
Sep 30, 2017 35.30
Jun 30, 2017 34.42
Jun 30, 2017 34.42
Mar 31, 2017 28.95
Mar 31, 2017 28.95
Dec 31, 2016 31.69
Dec 31, 2016 31.69
Sep 30, 2016 31.80
Sep 30, 2016 31.80
Jun 30, 2016 33.56
Jun 30, 2016 33.56
Mar 31, 2016 33.88
Mar 31, 2016 33.88
Dec 31, 2015 34.78
Dec 31, 2015 34.78
Sep 30, 2015 35.54
Sep 30, 2015 35.54
Jun 30, 2015 32.74
Jun 30, 2015 32.74
Mar 31, 2015 32.30
Mar 31, 2015 32.30
Dec 31, 2014 42.54
Dec 31, 2014 42.54
Sep 30, 2014 34.30
Sep 30, 2014 34.30
Jun 30, 2014 2.24
Jun 30, 2014 2.24
Mar 31, 2014 28.47
Mar 31, 2014 28.47
Dec 31, 2013 7.42
Dec 31, 2013 7.42
Sep 30, 2013 34.00
Sep 30, 2013 34.00
Jun 30, 2013 39.32
Jun 30, 2013 39.32
Mar 31, 2013 36.34
Mar 31, 2013 36.34
Dec 31, 2012 2.34
Dec 31, 2012 2.34
Sep 30, 2012 35.11
Sep 30, 2012 35.11
Jun 30, 2012 31.51
Jun 30, 2012 31.51
Mar 31, 2012 31.75
Mar 31, 2012 31.75
Dec 31, 2011 42.22
Dec 31, 2011 42.22
Sep 30, 2011 35.15
Sep 30, 2011 35.15
Jun 30, 2011 18.45
Jun 30, 2011 18.45
Mar 31, 2011 32.27
Mar 31, 2011 32.27
Dec 31, 2010 39.91
Dec 31, 2010 39.91
Sep 30, 2010 35.39
Sep 30, 2010 35.39
Jun 30, 2010 33.90
Jun 30, 2010 33.90
Mar 31, 2010 31.06
Mar 31, 2010 31.06
Dec 31, 2009 -92.15
Dec 31, 2009 -92.15
Sep 30, 2009 40.26
Sep 30, 2009 40.26
Jun 30, 2009 -26.47
Jun 30, 2009 -26.47