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Private company

ONCOR ELECTRIC DELIVERY CO LLC

ONCOR ELECTRIC DELIVERY CO LLC is an American electric services company, incorporated in Delaware.1 It is headquartered in Dallas, Texas.1

Last updated Oct 21, 2026.

Overview

  • IndustryElectric Services1
  • HeadquartersDallas, Texas1
  • Incorporated inDE2
  • Business address1616 Woodall Rodgers Fwy, Dallas, Tx 752022
  • Filer categoryNon-accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.7%Operating margin3
21.7%Net margin3
6.9%Revenue growth, 20253

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs58¢$2.8B
  • Interest16¢$788.0M
  • Income tax5¢$228.0M
  • Profit22¢$1.1B

Out of $4.9B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$2.3B

Out of $2.3B of cash from operations.3

Financial statements

Revenue45673$4.9B in 2025+13% since 2019
0$2.0B$4.0B$6.0B2019: $4.3B$4.3B20192020: $4.5B$4.5B2020+4%2021: $4.8B$4.8B2021+6%2022: $5.2B$5.2B2022+10%2023: $4.2B$4.2B2023−20%2024: $4.6B$4.6B2024+9%2025: $4.9B$4.9B2025+7%
Operating income45673$1.8B in 2025+64% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.1B$1.1B20192020: $1.1B$1.1B2020+6%2021: $1.2B$1.2B2021+6%2022: $1.4B$1.4B2022+13%2023: $1.4B$1.4B2023+1%2024: $1.6B$1.6B2024+13%2025: $1.8B$1.8B2025+13%
Net income45673$1.1B in 2025+64% since 2019
0$500.0M$1.0B$1.5B2019: $651.0M$651.0M20192020: $713.0M$713.0M2020+10%2021: $770.0M$770.0M2021+8%2022: $905.0M$905.0M2022+18%2023: $864.0M$864.0M2023−5%2024: $968.0M$968.0M2024+12%2025: $1.1B$1.1B2025+11%
Fiscal year2019202020212022202320242025
Revenue$4.3B4$4.5B5$4.8B6$5.2B7$4.2B3$4.6B3$4.9B3
Cost of revenue
Operating expenses$3.6B6$3.9B7$4.2B3$4.5B3$5.0B3
Operating income$1.1B4$1.1B5$1.2B6$1.4B7$1.4B3$1.6B3$1.8B3
Interest$375.0M4$405.0M5$413.0M6$445.0M7$536.0M3$653.0M3$788.0M3
Income before tax$923.0M6$1.1B7$1.0B3$1.2B3$1.3B3
Income tax$138.0M4$148.0M5$153.0M6$191.0M7$177.0M3$206.0M3$228.0M3
Net income$651.0M4$713.0M5$770.0M6$905.0M7$864.0M3$968.0M3$1.1B3

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What it owns

What ONCOR ELECTRIC DELIVERY CO LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$10.0M3 Dec 31, 2025$10.0M3 Dec 31, 20240%
Construction in progress$3.1B3 Dec 31, 2025$1.7B3 Dec 31, 2024+84.4%
Accumulated depreciation$10.1B3 Dec 31, 2025$9.7B3 Dec 31, 2024+4.2%
Property and equipment, net$37.8B3 Dec 31, 2025$31.8B3 Dec 31, 2024+19.1%
Operating-lease assets (leased space)$265.0M3 Dec 31, 2025$209.0M3 Dec 31, 2024+26.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$87.0M3 Dec 31, 2025$36.0M3 Dec 31, 2024+141.7%
Long-term investments$203.0M3 Dec 31, 2025$183.0M3 Dec 31, 2024+10.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.7B3 Dec 31, 2025$4.7B3 Dec 31, 20240%
Finite-lived intangibles, gross$2.4B3 Dec 31, 2025$2.0B3 Dec 31, 2024+21.1%
Accumulated amortization$584.0M3 Dec 31, 2025$584.0M3 Dec 31, 20240%
Finite-lived intangibles, net$1.9B3 Dec 31, 2025$1.4B3 Dec 31, 2024+29.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$690.0M3 Dec 31, 2025$462.0M3 Dec 31, 2024+49.4%

Former names

  • TXU ELECTRIC DELIVERY COAug 13, 2004 to Apr 13, 20072
  • ONCOR ELECTRIC DELIVERY COOct 2, 2002 to Oct 5, 20072

Timeline

  1. Sep 17, 20268-K Ended a material agreement; New debt or obligation14
  2. Aug 6, 20268-K Results of operations; Regulation FD disclosure15
  3. Jun 24, 20268-K New debt or obligation16
  4. May 27, 20268-K Entered a material agreement; New debt or obligation17
  5. May 7, 20268-K Entered a material agreement; Results of operations; Executive or director change18
  6. Apr 17, 20268-K Regulation FD disclosure19
  7. Mar 20, 20268-K New debt or obligation20
  8. Feb 26, 20268-K Results of operations; Regulation FD disclosure21
  9. Feb 3, 20268-K New debt or obligation22
  10. Jan 29, 20268-K Regulation FD disclosure23
  11. Dec 29, 20258-K Entered a material agreement; New debt or obligation24
  12. Dec 2, 20258-K New debt or obligation25

Calendar

Coming up

  1. Around Nov 5, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results15
  2. May 7, 2026Reported quarterly or annual results18
  3. Feb 26, 2026Reported quarterly or annual results21
  4. Nov 5, 2025Reported quarterly or annual results26
  5. Aug 7, 2025Reported quarterly or annual results27
  6. May 8, 2025Reported quarterly or annual results28
  7. Feb 25, 2025Reported quarterly or annual results29
  8. Nov 6, 2024Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

132 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 75 major events, 37 other. The latest 20:

  1. Sep 17, 20268-K EDGAR
  2. Aug 6, 202610-Q EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Jun 24, 20268-K EDGAR
  5. May 27, 20268-K EDGAR
  6. May 7, 202610-Q EDGAR
  7. May 7, 20268-K EDGAR
  8. Apr 17, 20268-K EDGAR
  9. Mar 20, 20268-K EDGAR
  10. Feb 27, 2026424B3 EDGAR
  11. Feb 26, 202610-K EDGAR
  12. Feb 26, 20268-K EDGAR
  13. Feb 3, 2026424B3 EDGAR
  14. Feb 3, 20268-K EDGAR
  15. Jan 29, 20268-K EDGAR
  16. Jan 20, 2026EFFECT EDGAR
  17. Jan 20, 2026424B3 EDGAR
  18. Jan 15, 2026CORRESP EDGAR
  19. Jan 14, 2026UPLOAD EDGAR
  20. Jan 8, 2026CORRESP EDGAR

The 132 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How ONCOR ELECTRIC DELIVERY CO LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARONCOR ELECTRIC DELIVERY CO LLC1
  • CIK0001193311
  • Employer ID (EIN)75-296783031
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; a shell company31
  • Incorporated inDelaware31
  • Fiscal year endsDecember 311
  • Industry code (SIC)4911 Electric Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1616 Woodall Rodgers Fwy, Dallas, TX 752021
  • Phone214-486-20001
  • Shares outstanding0 as of Aug 6, 202610
  • Public float$0 as of Dec 31, 20253
  • AuditorDeloitte & Touche LLP, Dallas, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting31
  • On EDGAR sinceOct 2, 20021
  • Filings552 in all: 8-K (264), 424B3 (79), 10-Q (71), EFFECT (28), CORRESP (27), 10-K (24), S-4 (20), UPLOAD (13)1
    All 17 form types

    POS AM (9), S-4/A (6), DFAN14A (3), 8-K/A (2), S-1 (2), 10-K/A (1), DEFA14A (1), REGDEX (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Latest 8-K (8-K) Sep 17, 2026

Securities registered for trading

ClassSymbolExchange
NoneNone

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).31

Risk factors and legal proceedings

The risks ONCOR ELECTRIC DELIVERY CO LLC names in Item 1A of its 10-K filed Feb 26, 2026: 26 risks under these headings, as written.31

  • Risks Related to Regulatory and Legislative Matters
  • We are subject to ongoing complex governmental regulations that require significant compliance efforts and are subject to change by regulators and legislative action, and adverse public perception of us, our industry, or ERCOT could result in new or revised regulations or laws applicable to us.
  • Risks Related to Our Business and Operations
  • Cyber-attacks on us or our third-party vendors could disrupt business operations, initiate the loss or disclosure of critical operating or confidential data, adversely impact our reputation, and expose us to significant liabilities.
  • The loss or malfunction of key technology platforms maintained by us or our third-party vendors could have an adverse impact on our reputation and operations.
  • Severe weather, natural disasters, and other related phenomena have in the past and could in the future adversely impact us, and climate change could make such phenomena more prevalent and unpredictable.
  • Wildfires could have a material adverse effect on our business.
  • Insufficient electricity generation, overall system congestion, and disruptions in the power supply within ERCOT are outside of our control and could interrupt and/or negatively impact our operations and impact public perception of us.
  • Our capital deployment plan may not be executed as planned, which could adversely impact the services we provide as well as our reputation, financial condition and results of operations.
  • Our capital expenditure plan includes the significant, large-scale buildout of new transmission lines, including lines that will introduce the 765-kV voltage class to the ERCOT market, and these large-scale projects face various challenges that could impact our execution strategy.
  • Demand for energy from high usage customers, including data centers, will require a rapid and significant increase in our infrastructure, but that forecasted energy demand may not be fully realized and we may not be able to recover all of the costs expended by us on projects related to those customers.
  • As an owner and operator of electricity delivery facilities, we face significant operational risks, including the risk of physical attacks on our infrastructure, that could adversely affect us.
The other 16 risks
  • The litigation environment in which we operate poses a significant risk to our business.
  • Our revenues are concentrated in and collected through a small number of customers and a significant delay or default in payment, particularly from REPs, could adversely affect us.
  • We are dependent upon a limited number of suppliers and service providers, and disruptions in our supply chain or the availability of our suppliers to perform on expected or acceptable terms, could negatively impact us.
  • Disruptions in the insurance market could impact our ability to obtain coverage on reasonable terms, and insurance may not cover all potential losses.
  • Our future success is dependent on our ability to identify, attract, develop and retain sufficient qualified personnel to meet our business needs, and failure to do so could adversely impact our operations.
  • Our revenues and results of operations are seasonal and significantly impacted by weather conditions and other electricity usage drivers.
  • Our business could be adversely affected by health epidemics and pandemics.
  • The costs of providing pension benefits and OPEB and related funding requirements may have a material adverse effect on our financial condition, results of operations and cash flows.
  • We regularly evaluate opportunities to make selective strategic acquisitions involving regulated assets, and we may not be able to realize the anticipated benefits of any such acquisitions.
  • The growth of DER and similar technologies or actions that decrease demand or consumption of electricity we deliver may significantly adversely impact us.
  • We may not be successful in our adoption of AI, which could adversely affect us.
  • Goodwill that we have recorded on the balance sheet is subject to at least annual impairment testing, and as a result, we could be required to write off all or a portion of this goodwill, which may adversely impact our reported financial condition and results of operations.
  • Risks Related to Financial and Market Matters
  • Adverse actions with respect to our credit ratings or ratings outlook could negatively affect our cost of debt and our ability to access capital.
  • Market volatility may impact our business and financial condition in ways that we currently cannot predict.
  • Our significant capital needs could be difficult to satisfy under some circumstances, including existing limitations on our ability to incur indebtedness and uncertain financial market conditions.
  • Our ring-fencing measures may not work as planned, which may result in a bankruptcy court subjecting Oncor to the claims of its affiliates’ creditors.

Legal proceedings

For a discussion of material regulatory proceedings, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Regulation and Rates—Regulatory Matters.” We are also involved in other legal and administrative proceedings in the normal course of business the ultimate resolution of which, in the opinion of management, should not have a material effect on our financial position, results of operations, or cash flows.

The opening of Item 3, Legal Proceedings.31

Sources

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