# Oncor Electric Delivery Company LLC

> Utilities, electricity · United States · US GAAP · Fiscal year ends December
>
> Latest report: Q3 FY2026, the quarter ended 30 September 2026, released 5 November 2026. Snapshot FY2026Q3_9bf5bab0.

Page: https://annalist.io/company/oncor/

Identifiers: LEI 549300SP2X2BS1KERD24, CIK 0001193311

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $2.3bn | 2296000000 | USD | +24.4% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating income, quarter | $794m | 794000000 | USD | +43.8% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Net income, quarter | $572m | 572000000 | USD | +50.5% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating margin, last 4 quarters | 28.7% | 28.6702 | % | +3.3pp year on year | FY2026 Q3 | 2026-09-30 | 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09 |
| Return on equity, last 4 quarters | 7.5% | 7.4527 | % | +1.5pp year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 30 September 2026 was US$2.3 billion, 24.4% higher than in the same quarter a year earlier. [Confirmed in Q3 FY2026] Sources: 10-Q 2026-09.
- Net income attributable to the company was US$572 million, 50.5% higher than in the same quarter a year earlier. [Weakened in Q3 FY2026] Sources: 10-Q 2026-09.
- The operating margin over the last 4 quarters was 28.7%, 3.3 percentage points higher than a year earlier. [Strengthened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Return on equity over the last 4 quarters was 7.5%, against 6.0% a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2024-09.
- Purchases of property, plant and equipment exceeded operating cash flow by US$5.3 billion over the last 4 quarters. [Weakened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Net debt was US$21.8 billion at 30 September 2026, 5.7 times EBITDA over the last 4 quarters. [Confirmed in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Lease-adjusted debt was 5.7 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 8.7% of that debt. Both ratios are within the highly leveraged band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025. [Confirmed in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Cash, short-term investments and operating cash flow over the 4 quarters ended 30 June 2026 equalled 0.3 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in Q2 FY2026] Sources: 10-Q 2026-06, 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.4% of average total assets. [Strengthened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06.
- The Beneish M-score for fiscal 2025 was minus 2.55, below the model threshold of minus 1.78. [Confirmed in FY2025] Sources: 10-K 2025-12, 10-Q 2026-09.
- The Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, long-term debt to assets lower than a year earlier and asset turnover higher than a year earlier. [Confirmed in FY2025] Sources: 10-K 2024-12, 10-K 2025-12, 10-Q 2026-09.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2025 | 2025-12-31 | Revenue | $6.8bn | 6778000000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Operating income | $1.8bn | 1758000000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Net income attributable to the company | $1.1bn | 1070000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Revenue | $6.1bn | 6082000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Operating income | $1.6bn | 1556000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Net income attributable to the company | $968m | 968000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Revenue | $5.6bn | 5586000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Operating income | $1.4bn | 1375000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Net income attributable to the company | $864m | 864000000 | USD | 10-K 2025-12 |
| FY2022 | 2022-12-31 | Operating income | $1.4bn | 1360000000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-31 | Net income attributable to the company | $905m | 905000000 | USD | 10-K 2024-12 |
| FY2021 | 2021-12-31 | Operating income | $1.2bn | 1202000000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Net income attributable to the company | $770m | 770000000 | USD | 10-K 2023-12 |

## Source Documents

- 10-Q 2026-09: Form 10-Q, period ended 30 September 2026, 5 Nov 2026 (https://www.sec.gov/Archives/edgar/data/1193311/000119331126000026/c311-20260930x10q.htm)
- 10-K 2025-12: Form 10-K, period ended 31 December 2025, 26 Feb 2026 (https://www.sec.gov/Archives/edgar/data/1193311/000119331126000007/c311-20251231x10k.htm)
- 10-Q 2025-09: Form 10-Q, period ended 30 September 2025, 5 Nov 2025 (https://www.sec.gov/Archives/edgar/data/1193311/000119331125000026/c311-20250930x10q.htm)
- 10-Q 2026-03: Form 10-Q, period ended 31 March 2026, 7 May 2026 (https://www.sec.gov/Archives/edgar/data/1193311/000119331126000014/c311-20260331x10q.htm)
- 10-Q 2026-06: Form 10-Q, period ended 30 June 2026, 6 Aug 2026 (https://www.sec.gov/Archives/edgar/data/1193311/000119331126000019/c311-20260630x10q.htm)
- 10-Q 2024-09: Form 10-Q, period ended 30 September 2024, 6 Nov 2024 (https://www.sec.gov/Archives/edgar/data/1193311/000119331124000019/c311-20240930x10q.htm)
- 10-K 2024-12: Form 10-K, period ended 31 December 2024, 25 Feb 2025 (https://www.sec.gov/Archives/edgar/data/1193311/000119331125000006/c311-20241231x10k.htm)
- 10-K 2023-12: Form 10-K, period ended 31 December 2023, 27 Feb 2024 (https://www.sec.gov/Archives/edgar/data/1193311/000119331124000005/c311-20231231x10k.htm)

## Reliability

- 276 checks compare these figures with other official figures; 0 failed.
- 1 value is withheld because the filings do not prove it; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/oncor/snapshots.json

## Cite

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A figure of a statement has an address of its own, which opens the page at that figure with its source documents: https://annalist.io/company/oncor/?fig=<statement>/<period>/<item>, for example https://annalist.io/company/oncor/?fig=pl_quarterly/FY2026%20Q3/revenue

## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/info.json)
- [Latest snapshot, at an address that does not change (JSON)](https://annalist.io/api/v1/companies/oncor/latest.json)
- [Income statement, quarterly (CSV)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/pl_quarterly.csv)
- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/pl_annual.csv)
- [Balance sheet, quarter end (CSV)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/balance_sheet.csv)
- [Cash flow, quarterly (CSV)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/cf_quarterly.csv)
- [Cash flow, annual (CSV)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/cf_annual.csv)
- [Ratios, annual (JSON)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/ratios/annual.json)
- [Ratios, quarterly (JSON)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/ratios/quarterly.json)
- [Ratios, ttm (JSON)](https://annalist.io/api/v1/companies/oncor/snapshots/FY2026Q3_9bf5bab0/ratios/ttm.json)
- [Key findings with their history (JSON)](https://annalist.io/api/v1/companies/oncor/findings.json)
- [New reports and findings (Atom feed)](https://annalist.io/company/oncor/feed.xml)
- [Excel workbook](https://annalist.io/company/oncor/oncor.xlsx)
- [Buyout model on these figures](https://annalist.io/deal-lab/buyout/oncor/)
- [Lenders, customers, suppliers and owners (brief in Markdown)](https://annalist.io/atlas/oncor/brief.md)
- [Lenders, customers, suppliers and owners (JSON)](https://annalist.io/api/v1/atlas/oncor.json)

## Peers

- [Tennessee Valley Authority](https://annalist.io/company/tennessee-valley-authority/brief.md)
- [NextEra Energy, Inc.](https://annalist.io/company/nextera-energy/brief.md)
- [The Southern Company](https://annalist.io/company/southern-company/brief.md)
- [Side by side](https://annalist.io/compare/?c=oncor,tennessee-valley-authority,nextera-energy,southern-company)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.