Tennessee Valley Authority PARRS A 2029 (TVE) Q2 2024 Earnings Report

Next: Q3 2024

Tennessee Valley

TVE

$24.23 -0.08%

Exchange: NYSE | Sector: Financial Services | Industry: Banks Regional

Q2 2024

Published: Apr 30, 2024

Earnings Highlights

Revenue of $3.15B up 16.9% year-over-year
EPS of $584.76 increased by 629.3% from previous year
Gross margin of 39.7%
Net income of 307.00M
"No transcript available in the provided data." - TVE Management

TVE

Company TVE

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

TVE delivered solid top-line growth in Q2 2024 with revenue of $3.154 billion, rising 16.9% year-over-year and 14.1% quarter-over-quarter. Gross margin was 39.7% and operating margin 18.4%, contributing to an operating income of $581 million and a respectable net income of $307 million. However, the company incurred substantial other expenses of $2.573 billion, resulting in a net income that, while positive, reflects a heavy expense base that constrains overall profitability despite revenue gains. Cash flow dynamics were favorable, with operating cash flow of $1.038 billion and free cash flow of $252 million, supporting near-term liquidity and capital allocation, even as the balance sheet shows elevated leverage and a liquidity gap.

Key Performance Indicators

Revenue

Increasing

3.15B

QoQ: 14.07% | YoY: 16.90%

Gross Profit

Increasing

1.25B

39.70% margin

QoQ: 20.04% | YoY: 35.79%

Operating Income

Increasing

581.00M

QoQ: 58.74% | YoY: 160.54%

Net Income

Increasing

307.00M

QoQ: 141.73% | YoY: 629.31%

EPS

Increasing

584.76

QoQ: 141.74% | YoY: 629.29%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 3,154,000,000 USD; YoY +16.90%, QoQ +14.07% (Q2 2024 vs Q2 2023 and Q1 2024).
Gross Profit: 1,252,000,000 USD; YoY +35.79%, QoQ +20.04%.
Gross Margin: 39.70%; Operating Income: 581,000,000 USD; YoY +160.54%, QoQ +58.74%; Operating Margin: 18.42%.
Net Income: 307,000,000 USD; YoY +629.31%, QoQ +141.73%; Net Margin: 9.73%.
EPS: 584.76 USD; YoY +629.29%, QoQ +141.74%.
EBITDA: 1,111,000,000 USD; EBITDA Margin: 35.23% (EBITDA / Revenue).
Interest Expense: 266,000,000 USD; Depreciation & Amortization: 530,000,000 USD.
Balance Sheet Highlights: Total Assets 52.34B; Total Liabilities 35.85B; Total Equity 16.49B; Long-Term Debt 20.36B; Total Debt 22.254B; Cash & Equivalents 0.508B; Current Ratio 0.673; Quick Ratio 0.444; Debt/Equity 1.350; Debt/Capital 0.574.
Cash Flow: Operating Cash Flow 1.038B; Capex 0.786B; Free Cash Flow 0.252B; Net Change in Cash 0.01B; Cash at End of Period 0.528B.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	3.15B	16.90%	14.07%
Gross Profit	1.25B	35.79%	20.04%
Operating Income	581.00M	160.54%	58.74%
Net Income	307.00M	629.31%	141.73%
EPS	584.76	629.29%	141.74%

Key Financial Ratios

Gross Profit Margin

Fair

39.70%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

18.40%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Fair

9.73%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.59%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.86%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.67

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.35

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

0.01x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.00x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	3,532.00	777.14	+12.0%	View
Q1 2025	2,920.00	238.10	+5.6%	View
Q4 2024	3,516.00	-1,171.43	+4.0%	View
Q3 2024	2,879.00	344.76	+6.7%	View
Q2 2024	3,154.00	584.76	+16.9%	View

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Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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