DTE Energy (NYSE: DTE) today announced that it invested a record
$3.8 billion into improving its electric and natural gas
infrastructure in 2023. DTE Electric invested $3.1 billion on
behalf of its customers to continue improving reliability and
generate more cleaner energy, while DTE Gas invested nearly $750
million to upgrade main gas lines with more durable materials and
make other infrastructure improvements.
The company also reported 2023 earnings of $1.4 billion, or
$6.76 per diluted share, compared with $1.1 billion, or $5.52 per
diluted share in 2022. Operating earnings for 2023 were $1.2
billion, or $5.73 per diluted share, compared with 2022 operating
earnings of $1.2 billion, or $6.10 per diluted share. Operating
earnings exclude non-recurring items, certain mark-to-market
adjustments and discontinued operations. Reconciliations of
reported earnings to operating earnings are included at the end of
this news release.
“2023 was a landmark year for DTE,” said Jerry Norcia, DTE
Energy chairman and CEO. “By making strategic investments in our
infrastructure at levels significantly higher than our earnings, we
accelerated our long-term plans for transforming our electric
generation and distribution. At the same time, we also made great
progress serving our customers with more reliable, affordable and
cleaner energy. We will continue to increase our infrastructure
investments in each of the next five years to keep getting better,
faster.”
Norcia noted the following accomplishments:
- Continuing to execute on plan to reduce frequency and
duration of electric power interruptions: During
2023, DTE Electric focused on improving the reliability of over 400
of its most challenging circuits, including trimming more than
5,200 miles of trees, installing more than 200 automated reclosers
to improve safety and restoration efficiency, and maintaining its
extensive network of electric infrastructure, including replacing
pole top equipment and over 3,500 utility poles. Comparing circuit
performance where work was done in the first half of 2023,
customers experienced 33% fewer outages from June through December,
compared with the same period in 2022.
- Improved safety and reliability of gas
infrastructure: Replaced more than 200 miles of cast iron
pipes with more durable materials to ensure continued delivery of
safe and reliable energy to 1.3 million natural gas customers
across Michigan. Also moved more than 22,000 natural gas meters to
the outside of homes and businesses, protecting customers and first
responders if service must be shut off quickly in a critical
event.
- Reduced customers' bills by $300 million in fuel and
transportation cost savings: Reduced the Power Supply Cost
Recovery (PSCR) mechanism, which represents the actual cost of the
fuel and other sources the company uses to produce electricity, by
approximately $300 million. This adjustment reduced residential
customers’ average electric bill by approximately $5 per month
starting in December 2023.
- Supported vulnerable customers: Partnered with
human service agencies to connect vulnerable customers to nearly
$160 million in energy assistance.
- Championed job creation with Michigan
businesses: Invested $2.7 billion with more than
2,000 Michigan businesses last year, creating and sustaining
more than 12,000 jobs across the state. DTE has invested more than
$21 billion with Michigan-based vendors since 2010, creating and
sustaining 77,000 Michigan jobs.
- Earned recognition for MIGreenPower as top utility
green tariff program in the U.S.: DTE’s MIGreenPower
program, which enables DTE Electric customers to attribute some or
all of their electricity use to renewable energy, was recognized as
the top utility green tariff program in the U.S. MIGreenPower
continues to meet high demand for clean energy solutions and
enrolled many notable organizations in 2023 such as Toyota
Motor North America, Dakkota Integrated Systems and the City
of Southfield. The program also reached 97,000 residential customer
enrollments and expects to exceed 100,000 in the first quarter of
2024.
- Placed Michigan's largest wind
park in operation:
Meridian Wind, a 225-megawatt park located in Midland and
Saginaw counties, generates enough clean energy to power more than
78,000 homes.
- Received approval of historic Integrated Resource
Plan: This plan accelerates DTE’s decarbonization goals,
further accelerating the full retirement of the Monroe Power Plant
from 2035 to 2032. DTE Electric plans to achieve 85% CO2 emission
reductions in 2032 with a goal of net zero carbon emissions by
2050.
- Earned recognition for energy efficiency program
excellence: Named ENERGY STAR Partner of the Year for the
second consecutive year by the Environmental Protection Agency
(EPA) and the Department of Energy, the highest level of
recognition. DTE also was ranked a top five energy company in the
nation for energy efficiency savings by the Council for an
Energy-Efficient Economy. DTE customers saved $418 million on
energy bills by participating in DTE’s energy efficiency programs
in 2022.
- Earned numerous honors as a great place to work
including:
- Gallup Exceptional
Workplace Award for 11th consecutive year, placing DTE in the top
6% of companies globally.
- 2023 C. Everett Koop
National Health Award for programs to improve employee health and
wellness.
- Diversity Inc.’s top
utility in diversity, equity and inclusion in 2023 and 2022.
- Time Magazine’s 2023
“Best Companies for Future Leaders.”
Outlook for 2024
DTE Energy confirms its 2024 operating EPS guidance of $6.54 -
$6.83.
“I am proud of our team’s effort to overcome the majority of the
unprecedented headwinds faced in 2023 while remaining focused on
providing reliable, affordable service for our customers. DTE is
well-positioned for future growth and to continue to deliver for
our customers, communities, employees and shareholders,” said David
Ruud, DTE executive vice president and CFO.
This earnings announcement and presentation slides are available
at dteenergy.com/investors.
The company will conduct a conference call to discuss earnings
results at 9:00 a.m. ET. Investors, the news media and the public
may listen to a live internet broadcast of the call at
dteenergy.com/investors. The telephone dial-in numbers in the U.S.
and Canada are toll free: (888) 510-2008 or international: (646)
960-0306. The passcode is 4987588. The webcast will be archived on
the DTE website at dteenergy.com/investors.
About DTE Energy
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy
company involved in the development and management of
energy-related businesses and services nationwide. Its operating
units include an electric company serving 2.3 million customers in
Southeast Michigan and a natural gas company serving 1.3 million
customers across Michigan. The DTE portfolio also includes energy
businesses focused on custom energy solutions, renewable energy
generation, and energy marketing and trading. DTE has continued to
accelerate its carbon reduction goals to meet aggressive targets
and is committed to serving with its energy through volunteerism,
education and employment initiatives, philanthropy, emission
reductions and economic progress. Information about DTE is
available
at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and
facebook.com/dteenergy.
Use of Operating Earnings Information - DTE Energy management
believes that operating earnings provide a meaningful
representation of the company’s earnings from ongoing operations
and uses operating earnings as the primary performance measurement
for external communications with analysts and investors.
Internally, DTE Energy uses operating earnings to measure
performance against budget and to report to the Board of Directors.
Operating earnings is a non-GAAP measure and should be viewed as a
supplement and not a substitute for reported earnings, which
represents the company’s net income and the most comparable GAAP
measure. In this release, DTE Energy discusses 2023 operating
earnings guidance. It is likely that certain items that impact the
company's 2023 reported results will be excluded from operating
results. Reconciliations to the comparable 2023 reported earnings
guidance are not provided because it is not possible to provide a
reliable forecast of specific line items (i.e. future non-recurring
items, certain mark-to-market adjustments and discontinued
operations). These items may fluctuate significantly from period to
period and may have a significant impact on reported earnings. The
information contained herein is as of the date of this document.
DTE Energy expressly disclaims any current intention to update any
information contained in this document as a result of new
information or future events or developments. Certain information
presented herein includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
with respect to the financial condition, results of operations, and
businesses of DTE Energy. Words such as “anticipate,” “believe,”
“expect,” “may,” “could,” “projected,” “aspiration,” “plans” and
“goals” signify forward-looking statements. Forward-looking
statements are not guarantees of future results and conditions but
rather are subject to numerous assumptions, risks and uncertainties
that may cause actual future results to be materially different
from those contemplated, projected, estimated, or budgeted. Many
factors may impact forward-looking statements including, but not
limited to, the following: the impact of regulation by the EPA,
EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and
CARB, as well as other applicable governmental proceedings and
regulations, including any associated impact on rate structures;
the amount and timing of cost recovery allowed as a result of
regulatory proceedings, related appeals, or new legislation,
including legislative amendments and retail access programs;
economic conditions and population changes in DTE Energy’s
geographic area resulting in changes in demand, customer
conservation, and thefts of electricity and, for DTE Energy,
natural gas; the operational failure of electric or gas
distribution systems or infrastructure; impact of volatility in
prices in international steel markets and in prices of
environmental attributes generated from renewable natural gas
investments on the operations of DTE Vantage; the risk of a major
safety incident; environmental issues, laws, regulations, and the
increasing costs of remediation and compliance, including actual
and potential new federal and state requirements; the cost of
protecting assets and customer data against, or damage due to,
cyber incidents and terrorism; health, safety, financial,
environmental, and regulatory risks associated with ownership and
operation of nuclear facilities; volatility in commodity markets,
deviations in weather and related risks impacting the results of
DTE Energy’s energy trading operations; changes in the cost and
availability of coal and other raw materials, purchased power, and
natural gas; advances in technology that produce power, store power
or reduce power consumption; changes in the financial condition of
significant customers and strategic partners; the potential for
losses on investments, including nuclear decommissioning trust and
benefit plan assets and the related increases in future expense and
contributions; access to capital markets and the results of other
financing efforts which can be affected by credit agency ratings;
instability in capital markets which could impact availability of
short and long-term financing; impacts of inflation and the timing
and extent of changes in interest rates; the level of borrowings;
the potential for increased costs or delays in completion of
significant capital projects; changes in, and application of,
federal, state, and local tax laws and their interpretations,
including the Internal Revenue Code, regulations, rulings, court
proceedings, and audits; the effects of weather and other natural
phenomena, including climate change, on operations and sales to
customers, and purchases from suppliers; unplanned outages at our
generation plants; employee relations and the impact of collective
bargaining agreements; the availability, cost, coverage, and terms
of insurance and stability of insurance providers; cost reduction
efforts and the maximization of plant and distribution system
performance; the effects of competition; changes in and application
of accounting standards and financial reporting regulations;
changes in federal or state laws and their interpretation with
respect to regulation, energy policy, and other business issues;
successful execution of new business development and future growth
plans; contract disputes, binding arbitration, litigation, and
related appeals; the ability of the electric and gas utilities to
achieve net zero emissions goals; and the risks discussed in DTE
Energy’s public filings with the Securities and Exchange
Commission. New factors emerge from time to time. We cannot predict
what factors may arise or how such factors may cause results to
differ materially from those contained in any forward-looking
statement. Any forward-looking statements speak only as of the date
on which such statements are made. We undertake no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events.
For more information, members of the media may
contact:
Dan Miner, DTE Energy: 313.235.5555
For further information, analysts may call:
Barbara Tuckfield, DTE Energy: 313.235.1018
John Dermody, DTE Energy: 313.235.8750
DTE
Energy Company |
Segment Net Income (Unaudited) |
|
|
|
Three Months Ended December 31, |
|
|
2023 |
|
|
|
2022 |
|
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
(In millions) |
DTE Electric |
$ |
225 |
|
|
$ |
25 |
|
A |
|
$ |
(6 |
) |
|
|
$ |
244 |
|
|
$ |
206 |
|
|
$ |
8 |
|
A |
|
$ |
(3 |
) |
|
|
$ |
211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Gas |
|
104 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
104 |
|
|
|
93 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility
operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Vantage |
|
44 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
44 |
|
|
|
24 |
|
|
|
1 |
|
D |
|
|
— |
|
|
|
|
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Trading |
|
102 |
|
|
|
(49 |
) |
B |
|
|
11 |
|
|
|
|
64 |
|
|
|
(12 |
) |
|
|
(9 |
) |
B |
|
|
2 |
|
|
|
|
(18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
D |
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility operations |
|
146 |
|
|
|
(49 |
) |
|
|
|
11 |
|
|
|
|
108 |
|
|
|
12 |
|
|
|
(6 |
) |
|
|
|
1 |
|
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and
Other |
|
(56 |
) |
|
|
— |
|
|
|
|
6 |
|
C |
|
|
(50 |
) |
|
|
(46 |
) |
|
|
(10 |
) |
D |
|
|
3 |
|
|
|
|
(45 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11 |
|
E |
|
|
(3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
Attributable to DTE Energy Company |
$ |
419 |
|
|
$ |
(24 |
) |
|
|
$ |
11 |
|
|
|
$ |
406 |
|
|
$ |
265 |
|
|
$ |
3 |
|
|
|
$ |
(2 |
) |
|
|
$ |
266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Excluding tax
related adjustments, the amount of income taxes was calculated
based on a combined federal and state income tax rate, considering
the applicable jurisdictions of the respective segments and
deductibility of specific operating adjustments. |
|
Adjustments key |
A) MPSC
disallowance of certain capital project costs previously recorded —
recorded in Operating Expenses — Asset (gains) losses and
impairments, net |
B) Certain
adjustments resulting from derivatives being marked-to-market
without revaluing the underlying non-derivative contracts and
assets — recorded in Operating Expenses — Fuel, purchased power,
gas, and other — non-utility |
C) Adjustment to
Income Tax Expense due to a tax law change in Massachusetts |
D) (Gain) loss on
sale of assets — recorded in Operating Expenses — Asset (gains)
losses and impairments, net |
E) One-time
benefit expenses — recorded in Other (Income) and Deductions —
Non-operating retirement benefits, net |
DTE
Energy Company |
Segment Diluted Earnings Per Share
(Unaudited)(2) |
|
|
|
|
|
|
|
|
|
Three Months Ended December 31, |
|
|
2023 |
|
|
|
2022 |
|
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
|
DTE Electric |
$ |
1.09 |
|
|
$ |
0.12 |
|
A |
|
$ |
(0.03 |
) |
|
|
$ |
1.18 |
|
|
$ |
1.01 |
|
|
$ |
0.04 |
|
A |
|
$ |
(0.02 |
) |
|
|
$ |
1.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Gas |
|
0.51 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
0.51 |
|
|
|
0.47 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
0.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility
operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Vantage |
|
0.21 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
0.21 |
|
|
|
0.12 |
|
|
|
0.01 |
|
D |
|
|
— |
|
|
|
|
0.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Trading |
|
0.49 |
|
|
|
(0.22 |
) |
B |
|
|
0.05 |
|
|
|
|
0.32 |
|
|
|
(0.05 |
) |
|
|
(0.05 |
) |
B |
|
|
0.01 |
|
|
|
|
(0.09 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.01 |
|
D |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility operations |
|
0.70 |
|
|
|
(0.22 |
) |
|
|
|
0.05 |
|
|
|
|
0.53 |
|
|
|
0.07 |
|
|
|
(0.03 |
) |
|
|
|
— |
|
|
|
|
0.04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and
Other |
|
(0.28 |
) |
|
|
— |
|
|
|
|
0.03 |
|
C |
|
|
(0.25 |
) |
|
|
(0.24 |
) |
|
|
(0.05 |
) |
D |
|
|
0.02 |
|
|
|
|
(0.23 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.06 |
|
E |
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
Attributable to DTE Energy Company |
$ |
2.02 |
|
|
$ |
(0.10 |
) |
|
|
$ |
0.05 |
|
|
|
$ |
1.97 |
|
|
$ |
1.31 |
|
|
$ |
0.02 |
|
|
|
$ |
(0.02 |
) |
|
|
$ |
1.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Excluding tax
related adjustments, the amount of income taxes was calculated
based on a combined federal and state income tax rate, considering
the applicable jurisdictions of the respective segments and
deductibility of specific operating adjustments. |
|
(2) Per share
amounts are divided by Weighted Average Common Shares Outstanding —
Diluted, as noted on the Consolidated Statements of
Operations. |
|
|
|
|
|
|
|
Adjustments key — see previous
page |
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE
Energy Company |
Segment Net Income (Unaudited) |
|
|
|
Twelve Months Ended December 31, |
|
|
2023 |
|
|
|
2022 |
|
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
(In millions) |
DTE Electric |
$ |
772 |
|
|
$ |
25 |
|
A |
|
$ |
(6 |
) |
|
|
$ |
791 |
|
|
$ |
956 |
|
|
$ |
8 |
|
A |
|
$ |
(3 |
) |
|
|
$ |
961 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Gas |
|
294 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
294 |
|
|
|
272 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility
operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Vantage |
|
153 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
153 |
|
|
|
92 |
|
|
|
1 |
|
E |
|
|
— |
|
|
|
|
93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Trading |
|
336 |
|
|
|
(308 |
) |
B |
|
|
77 |
|
|
|
|
105 |
|
|
|
(92 |
) |
|
|
140 |
|
B |
|
|
(35 |
) |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
E |
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility operations |
|
489 |
|
|
|
(308 |
) |
|
|
|
77 |
|
|
|
|
258 |
|
|
|
— |
|
|
|
143 |
|
|
|
|
(36 |
) |
|
|
|
107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and
Other |
|
(158 |
) |
|
|
— |
|
|
|
|
(7 |
) |
C |
|
|
(159 |
) |
|
|
(145 |
) |
|
|
(10 |
) |
E |
|
|
3 |
|
|
|
|
(144 |
) |
|
|
|
|
|
|
|
6 |
|
D |
|
|
|
|
|
|
11 |
|
F |
|
|
(3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
Attributable to DTE Energy Company |
$ |
1,397 |
|
|
$ |
(283 |
) |
|
|
$ |
70 |
|
|
|
$ |
1,184 |
|
|
$ |
1,083 |
|
|
$ |
152 |
|
|
|
$ |
(39 |
) |
|
|
$ |
1,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Excluding tax
related adjustments, the amount of income taxes was calculated
based on a combined federal and state income tax rate, considering
the applicable jurisdictions of the respective segments and
deductibility of specific operating adjustments. |
|
Adjustments key |
A) MPSC
disallowance of certain capital project costs previously recorded —
recorded in Operating Expenses — Asset (gains) losses and
impairments, net |
B) Certain
adjustments resulting from derivatives being marked-to-market
without revaluing the underlying non-derivative contracts and
assets — recorded in Operating Expenses — Fuel, purchased power,
gas, and other — non-utility |
C) Adjustment to
Income Tax Expense due to a tax law change in West Virginia |
D) Adjustment to
Income Tax Expense due to a tax law change in Massachusetts |
E) (Gain) loss on
sale of assets — recorded in Operating Expenses — Asset (gains)
losses and impairments, net |
F) One-time
benefit expenses — recorded in Other (Income) and Deductions —
Non-operating retirement benefits, net |
DTE
Energy Company |
Segment Diluted Earnings Per Share
(Unaudited)(2) |
|
|
|
|
|
|
|
|
|
Twelve Months Ended December 31, |
|
|
2023 |
|
|
|
2022 |
|
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
ReportedEarnings |
|
Pre-tax Adjustments |
|
IncomeTaxes(1) |
|
OperatingEarnings |
|
|
DTE Electric |
$ |
3.74 |
|
|
$ |
0.12 |
|
A |
|
$ |
(0.03 |
) |
|
|
$ |
3.83 |
|
|
$ |
4.88 |
|
|
$ |
0.04 |
|
A |
|
$ |
(0.02 |
) |
|
|
$ |
4.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Gas |
|
1.43 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
1.43 |
|
|
|
1.39 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
1.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility
operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DTE Vantage |
|
0.74 |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
0.74 |
|
|
|
0.47 |
|
|
|
0.01 |
|
E |
|
|
— |
|
|
|
|
0.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy Trading |
|
1.63 |
|
|
|
(1.49 |
) |
B |
|
|
0.37 |
|
|
|
|
0.51 |
|
|
|
(0.47 |
) |
|
|
0.72 |
|
B |
|
|
(0.18 |
) |
|
|
|
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.01 |
|
E |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-utility operations |
|
2.37 |
|
|
|
(1.49 |
) |
|
|
|
0.37 |
|
|
|
|
1.25 |
|
|
|
— |
|
|
|
0.74 |
|
|
|
|
(0.19 |
) |
|
|
|
0.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and
Other |
|
(0.78 |
) |
|
|
— |
|
|
|
|
(0.03 |
) |
C |
|
|
(0.78 |
) |
|
|
(0.75 |
) |
|
|
(0.05 |
) |
E |
|
|
0.02 |
|
|
|
|
(0.74 |
) |
|
|
|
|
|
|
|
0.03 |
|
D |
|
|
|
|
|
|
0.06 |
|
F |
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
Attributable to DTE Energy Company |
$ |
6.76 |
|
|
$ |
(1.37 |
) |
|
|
$ |
0.34 |
|
|
|
$ |
5.73 |
|
|
$ |
5.52 |
|
|
$ |
0.79 |
|
|
|
$ |
(0.21 |
) |
|
|
$ |
6.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Excluding tax
related adjustments, the amount of income taxes was calculated
based on a combined federal and state income tax rate, considering
the applicable jurisdictions of the respective segments and
deductibility of specific operating adjustments. |
|
(2) Per share
amounts are divided by Weighted Average Common Shares Outstanding —
Diluted, as noted on the Consolidated Statements of
Operations. |
|
|
|
|
|
|
|
Adjustments key — see previous
page |
|
|
|
|
|
|
DTE Energy (NYSE:DTE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
DTE Energy (NYSE:DTE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024