Oncor Electric Delivery Company LLC Reports Net Income of $200 Million for the Second Quarter of 2023
Company's Operating Revenues Reach $1.34 Billion for the Three Months Ended June 30, 2023
Dallas-based Oncor Electric Delivery Company LLC, a leading electric transmission and distribution utility, has released its unaudited Condensed Statements of Consolidated Income for the three and six months ended June 30, 2023. The company reported a net income of $200 million for the second quarter, compared to $229 million in the same period last year. Operating revenues for the three months ended June 30, 2023, reached $1.34 billion, compared to $1.29 billion in the second quarter of 2022.
Oncor's financial performance in the first half of 2023 has been marked by steady revenue growth and sustained profitability, though it experienced a decrease in net income compared to the same period last year.
Net Income/Loss
For the three months ended June 30, 2023, Oncor Electric Delivery Company LLC reported a net income of $200 million, reflecting a decrease compared to the net income of $229 million in the same quarter last year. The company's management attributed this decline to various factors affecting operating expenses and non-operating benefits.
