Oncor Q1 net income $212M, up 17% YoY; PUCT approves $560M rate increase

ONCOR ELECTRIC DELIVERY CO LLC

Net income of $212M for Q1 2026, vs $181M in Q1 2025, driven by higher revenues from UTM and SRP.
PUCT approved $560M annual base rate increase (8.7%) with ROE of 9.75%, effective June 1, 2026.
Oncor submitted $4.4B in transmission/distribution net capital investment tracker under UTM process.
2026 capex budget ~$9.0B, up ~25% from 2025, with construction underway on PBRP 765 kV projects.
As of May 6, 2026, available liquidity ~$3.3B; Moody's revised outlook from negative to stable.

item 1.01 item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ONCOR ELECTRIC DELIVERY CO LLC reported three months ended March 31, 2026 results: net income $212 million.

Period: three months ended March 31, 2026
Net income: $212 million
Result: reported results

Exact text from the filing

ONCOR REPORTS FIRST QUARTER 2026 RESULTS DALLAS (May 7, 2026) — Oncor Electric Delivery Company LLC (“Oncor”) today reported net income of $212 million for the three months ended March 31, 2026, compared to net income of $181 million in the three months ended March 31, 2025.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ONCOR ELECTRIC DELIVERY CO LLC amended Amendment No. 3 to Receivables Financing Agreement with MUFG Bank, Ltd., as administrative agent, and certain lenders and group agents party thereto valued at $600 million (effective 2026-05-05).

Action: amendment
Agreement: credit facility
Counterparty: MUFG Bank, Ltd., as administrative agent, and certain lenders and group agents party thereto
Value: $600 million
Effective: 2026-05-05

Exact text from the filing

On May 5, 2026, Oncor Electric Delivery Company LLC (“Oncor”) entered into Amendment No. 3 to Receivables Financing Agreement (the “RFA Amendment”) among Oncor Receivables LLC, as borrower (“Receivables LLC”), Oncor, as servicer, MUFG Bank, Ltd., as administrative agent, and certain lenders and group agents party thereto.

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Source: SEC EDGAR

accession 0001193125-26-210424

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