Every 10-Q that Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 (TVC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TVC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TVC filings page.
Tennessee Valley Authority reported solid results for the quarter ended June 30, 2026. Operating revenues rose to $3,442 million from $3,306 million, and net income increased to $307 million from $212 million, helped by sharply lower depreciation and amortization of $448 million versus $572 million a year earlier.
For the first nine months of fiscal 2026, operating revenues were $10,037 million and net income $965 million, up from $9,758 million and $745 million. Operating cash flow was $1,883 million, funding heavy construction and nuclear fuel spending of $2,874 million and $274 million, respectively. Total debt outstanding increased to $24,589 million, driven by $2,000 million of new variable interest entity financing for the Cumberland combined-cycle project, with related restricted cash of $68 million.
TVA’s asset retirement obligations fell to $9,535 million, primarily from revised nuclear and coal-ash closure estimates following the Browns Ferry subsequent license renewal and updated CCR rules. Investment funds grew to $6,245 million, and regulatory balances shifted to reflect stronger nuclear decommissioning funding. TVA also recognized $66 million of income-related government grants under the Inflation Reduction Act.
Tennessee Valley Authority reported steady results for the quarter ended March 31, 2026. Operating revenues were $3,546 million, roughly flat with $3,532 million a year ago. Quarterly net income was $392 million versus $408 million, while six‑month net income rose to $658 million from $533 million, helped by lower depreciation and operating costs.
Cash from operations for the first six months was $1,106 million, below $1,461 million last year, as regulatory deferrals and working capital shifts offset higher earnings. TVA invested heavily, with construction expenditures of $1,996 million and nuclear fuel spending of $223 million, contributing to a $1,075 million reduction in cash and equivalents to $522 million.
Total debt outstanding was broadly unchanged at $23,484 million. TVA’s asset retirement obligation fell to $9,511 million from $10,414 million, largely due to extended nuclear plant lives and updated coal ash closure timelines, which also reduced ongoing depreciation expense.
Tennessee Valley Authority reports stronger results for the quarter ended December 31, 2025. Operating revenues rose to $3,049 million from $2,920 million, driven mainly by higher electricity sales. Net income increased to $266 million versus $125 million a year earlier, as operating and maintenance expenses declined and other income improved.
TVA’s balance sheet shows total assets of $59,515 million and total liabilities of $40,726 million, with power program retained earnings of $18,063 million as of December 31, 2025. Cash, cash equivalents, and restricted cash fell to $522 million from $1,597 million, mainly reflecting high construction and nuclear fuel expenditures and the redemption of $1,350 million of power bonds, partially offset by increased short-term debt.
Asset retirement obligations decreased to $9,725 million, largely due to a $740 million downward revision in nuclear decommissioning estimates following subsequent license renewal for the Browns Ferry nuclear units, which also reduced quarterly depreciation expense.