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Tennessee Valley Authority (TVE) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Tennessee Valley Authority (TVE) reported revenue of $3.5B for the second quarter fiscal 2025 (Q2 FY25), +12% from a year earlier and +21% from the quarter before. Operating margin was 20.3%, net earnings $408M (11.6% of revenue).
Tennessee Valley Authority, Q2 FY25: revenue $3.5B (+12% year over year), operating margin 20.3%, net earnings $408M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +21% | +12% |
| Operating profit | $716M | +73% | +23% |
| Net earnings | $408M | +226% | +33% |
| Operating cash flow | $1.0B | +125% | -3% |
What changed
Revenue was $3.5B in Q2 FY25, up 12% year over year and up 21% from the previous quarter.
Operating profit was $0.72B, a 20.3% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 18% margin then. Total costs grew 9% against revenue growth of 12%. Net earnings were $0.41B, up 33% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.0B (down 3% year over year), 248% of net earnings. Non-cash charges added back $0.57B of depreciation and amortization. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.18B.
Questions
What was Tennessee Valley Authority's revenue in the second quarter fiscal 2025?
Tennessee Valley Authority (TVE) reported revenue of $3.5B for the second quarter fiscal 2025 (Q2 FY25), +12% from a year earlier and +21% from the quarter before.
Was Tennessee Valley Authority profitable in the second quarter fiscal 2025?
Operating profit was $716M (20.3% of revenue) and net earnings $408M.