TVA Reports Fiscal Year 2026 Financial Results
Key Highlights
- ➤TVA operating revenues $14.2B, up approximately 4% year over year
- ➤TVA net income $2.1B, up $761M from the prior year
- ➤Electricity sales 171.705B kWh, up approximately 2% year over year
- ➤Fuel and purchased power expense increased $329M year over year
- ➤Operating and maintenance expense decreased $264M year over year
Expert Statements
Mike Skaggs, Chief Executive Officer of TVA
“Our strong fiscal results reflect the exceptional work of our employees delivering reliable power at the lowest feasible rates while supporting the Tennessee Valley's continued growth”
Mike Skaggs, Chief Executive Officer of TVA
“Their commitment to safety, reliability and operational excellence enabled us to meet record demand, invest in our system, support our communities and power the region's economic future.”
Tom Rice, Chief Financial Officer of TVA
“TVA delivered exceptional financial results in fiscal year 2026, achieving strong net income to enable continued reinvestment in the power system”
Tom Rice, Chief Financial Officer of TVA
“This performance reflects our success in supporting economic growth, along with our disciplined cost management and efficiency efforts.”
to listen to TVA's fiscal year 2026 financial results webcast at 9:30 a.m. ET today or visit TVA's Investor Relations website
for a recording and transcript following the webcast. TVA's Chief Executive Officer, Mike Skaggs, and TVA's Chief Financial Officer, Tom Rice, will provide an update. * Strong Financial Performance: TVA reported $14.2 billion in total operating revenues for fiscal year 2026, with sales of electricity up approximately 2% year over year. * Reliably Meeting Record Energy Demand: TVA reliably served record power demand across the Tennessee Valley, achieving multiple all-time monthly peak records through strong system performance and operational excellence. * Delivering Strong Operational Performance: TVA continued to demonstrate operational strength, top-decile safety results, record nuclear generation, and top-quartile fleet performance, while supporting continued investment across the region. * Investing for the Valley's Long-Term Growth: TVA is advancing generation expansion, transmission modernization, and continued nuclear leadership, guided by its 2026 Integrated Resource Plan, to provide reliable, affordable energy for a growing region. KNOXVILLE, Tenn., Nov. 13, 2026 /PRNewswire/ -- ― The Tennessee Valley Authority reported $14.2 billion in total operating revenues on nearly 172 billion kilowatt-hours of electricity sales for fiscal year 2026, which ended September 30, 2026. Total operating revenues increased approximately 4% over last year, primarily as a result of higher sales volume and higher fuel cost recovery rates. Sales of electricity increased approximately 2% compared to last year, primarily driven by higher sales within the data processing, web hosting, and related services sector, higher sales within the residential and small commercial sector, and an increase in cooling degree days of 10 percent.
Get started
Create a free account to read the full story.