Oncor Electric Delivery Co. LLC on March 6 recorded fourth-quarter 2017 adjusted EBITDA of $436 million, up 6.3% from $410 million in the same quarter of 2016.
The Dallas-headquartered utility's adjusted net income increased 27.3% year over year to $98 million, from $77 million in fourth quarter 2016. Fourth-quarter 2017 adjusted operating revenues increased to $991 million from $958 million in the same quarter of 2016. The company posted fourth quarter 2017 adjusted operating cash flow of $409 million from $469 million in the comparable quarter of 2016.
On a full-year basis, Oncor booked 2017 adjusted EBITDA of $1.85 billion on operating revenues of $3.96 billion, compared to adjusted EBITDA of $1.83 billion on operating revenues of $3.90 billion in 2016.
Adjusted net income grew 2.1% to $440 million, compared to $431 million in 2016, results released March 6 showed. Adjusted operating cash flow in 2017 jumped to $1.46 billion from $1.41 billion in 2016, the company reported.
Oncor is majority-owned by Energy Future Holdings Corp. and is in the process of being acquired by Sempra Energy.
