Txnm Energy Inc (TXNM) Tax Rate (2009 - 2024)
Txnm Energy (TXNM) posted Tax Rate of 14.72% for Q2 2024, up 0.45 percentage points from 14.27% a year earlier and up 47.98 percentage points from the prior quarter.
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Analysis
Txnm Energy Inc (TXNM) Tax Rate (2009 - 2024) Analysis & Trends
For the trailing twelve months through Jun 30, 2024, Tax Rate at Txnm Energy was -61.67%, down 75.33 percentage points year-over-year; for FY2023, it came in at -18.06%, down 30.43 percentage points from FY2022.
- Annual Tax Rate shows a five-year change of -25.19 percentage points (FY2018 to FY2023).
- In prior years, Txnm Energy's Tax Rate was 12.37% in FY2022 (-0.96 pp), 13.33% in FY2021 (+3.41 pp), 9.92% in FY2020 (+47.74 pp) and -37.82% in FY2019 (-44.95 pp).
- Quarterly Tax Rate has run from a low of -33.26% in Q1 2024 to a high of 38.88% in Q4 2023 over five years.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of -6.40 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2020, with a gain of 17.01 percentage points; the weakest was Q1 2024, with a drop of 47.22 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -33.26% (Q1 2024), 38.88% (Q4 2023) and -13.99% (Q3 2023).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 14.72% |
| Jun 30, 2023 | 14.27% |
| Mar 31, 2023 | 13.96% |
| Dec 31, 2022 | 31.28% |
| Sep 30, 2022 | 9.59% |
| Jun 30, 2022 | 5.41% |
| Mar 31, 2022 | 11.26% |
| Dec 31, 2021 | 28.47% |
| Sep 30, 2021 | 12.41% |
| Jun 30, 2021 | 12.56% |
| Mar 31, 2021 | 6.88% |
| Dec 31, 2020 | 33.56% |
| Sep 30, 2020 | 8.95% |
| Jun 30, 2020 | 6.49% |
| Dec 31, 2019 | 16.55% |
| Sep 30, 2019 | 7.92% |
| Mar 31, 2019 | 5.34% |
| Sep 30, 2018 | 12.35% |
| Jun 30, 2018 | 10.83% |
| Mar 31, 2018 | 4.00% |
API Access
Txnm Energy Inc Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TXNM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TXNM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TXNM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();