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Oncor Electric Delivery Co LLC cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$539M in Q3 2026 · −$5.3B over twelve months

Operating cash flow$1.6B
Capital spending−$2.1B
Free cash flow−$539M
Cash / net income2.8×

Analysis

In Q3 2026, Oncor Electric Delivery Co LLC generated $1.6B of operating cash flow and spent $2.1B on capital projects, leaving free cash flow of −$539M. That is $370M more than in Q3 2025 (−$909M).

Over the twelve months to Sep 30, 2026, operating cash flow was $3.2B; the largest uses were capital spending ($8.5B); besides operations, cash came from other financing ($6.2B), other investing ($102M); the cash balance rose by $934M.

Operating cash flow was $1.6B against net income of $572M — 2.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$416M, receivables −$273M, other liabilities +$195M.

Free cash flow

Oncor Electric Delivery Co LLC: free cash flow by quarterOncor Electric Delivery Co LLC: free cash flow by quarter−$621MQ4 2024−$1.2BQ1 2025−$1.1BQ2 2025−$909MQ3 2025−$1.3BQ4 2025−$1.5BQ1 2026−$2.0BQ2 2026−$539MQ3 2026
Operating cash flow less capital spending.
Oncor Electric Delivery Co LLC: operating cash flow against capital spendingOncor Electric Delivery Co LLC: operating cash flow against capital spendingOperating cash flowCapital spending$748M$1.4BQ4 2024$194M$1.4BQ1 2025$400M$1.5BQ2 2025$817M$1.7BQ3 2025$929M$2.2BQ4 2025$537M$2.1BQ1 2026$115M$2.1BQ2 2026$1.6B$2.1BQ3 2026
Latest (Q3 2026): Operating cash flow $1.6B, Capital spending $2.1B.

Capital allocation, year by year

Oncor Electric Delivery Co LLC: where the cash came from (up) and went (down), by fiscal yearOncor Electric Delivery Co LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow $1.7BFY2021: Net borrowing $945MFY2021: Capital spending −$2.5B$2.6BFY2021FY2022: Operating cash flow $1.9BFY2022: Net borrowing $1.1BFY2022: Asset sales $21.0MFY2022: Capital spending −$3.0B$3.0BFY2022FY2023: Operating cash flow $1.8BFY2023: Net borrowing $1.4BFY2023: Asset sales $9.0MFY2023: Capital spending −$3.8B$3.2BFY2023FY2024: Operating cash flow $2.0BFY2024: Net borrowing $1.8BFY2024: Asset sales $2.0MFY2024: Capital spending −$4.7B$3.8BFY2024FY2025: Operating cash flow $2.3BFY2025: Net borrowing $2.3BFY2025: Capital spending −$6.8B$4.7BFY2025
Over these 5 years operating cash flow totalled $9.7B; the largest uses were capital spending ($20.8B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$77.0M
Debt$22.1B
Net debt$22.0B
Due within a year$238M

Oncor Electric Delivery Co LLC's operations bring cash in ($3.2B over twelve months), and it spends more than that on capital projects: a gap of $5.3B funded from its $77.0M of cash and investments and from borrowing ($22.1B of debt, $238M due within a year). That is a choice to invest, not a cash runway running down.

Oncor Electric Delivery Co LLC: debt maturities by year (FY2025)Oncor Electric Delivery Co LLC: debt maturities by year (FY2025)$238MYear 1$1.9BYear 2$1.6BYear 3$1.3BYear 4$700MYear 5$13.5BAfter year 5
Principal due in each year as disclosed in the annual report, against $77.0M of cash and investments now.

Where the cash came from and went

Oncor Electric Delivery Co LLC: sources (+) and uses (−) of cash, Q3 2026Oncor Electric Delivery Co LLC: sources (+) and uses (−) of cash, Q3 2026Capital spending−$2.1BNet borrowing (+) / repaid (−)$1.8BOperating cash flow$1.6BOther financing−$651MCash drawn (+) / kept (−)−$632MOther investing$22.0M
Oncor Electric Delivery Co LLC: sources (+) and uses (−) of cash, TTM to Q3 2026Oncor Electric Delivery Co LLC: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$8.5BOther financing$6.2BOperating cash flow$3.2BCash drawn (+) / kept (−)−$934MOther investing$102M

From profit to cash

Oncor Electric Delivery Co LLC: net income to operating cash flow, Q3 2026Oncor Electric Delivery Co LLC: net income to operating cash flow, Q3 2026Net income$572MDepreciation & amortization$416MDeferred taxes$129MReceivables−$273MInventory−$181MPayables−$79.0MDeferred revenue$134MPrepaid and other assets$31.0MOther liabilities$195MOperating cash flow$1.6B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$1.6B−$2.1B$1.8B−$632M−$539M
Q2 2026$115M−$2.1B−$200M$163M−$2.0B
Q1 2026$537M−$2.1B$1.6B−$227M−$1.5B
Q4 2025$929M−$2.2B−$174M−$238M−$1.3B
Q3 2025$817M−$1.7B$361M$114M−$909M
Q2 2025$400M−$1.5B$805M−$165M−$1.1B
Q1 2025$194M−$1.4B$1.9B−$168M−$1.2B
Q4 2024$748M−$1.4B$550M−$55.0M−$621M

Oncor Electric Delivery Co LLC: income statement and cash flow

Oncor Electric Delivery Co LLC, Q3 2026: revenue $2.3B (+24% year over year), operating margin 34.6%. The chart follows the revenue to costs, profit and cash.

Oncor Electric Delivery Co LLC: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.