DTE Energy Co

DTE

Equity

ISIN null / Valor 370527

New York Stock Exchange, Inc (2025-11-21)

USD 135.77+0.04%

DTE Energy Co
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About company

DTE Energy Co, headquartered in Detroit, is a multifaceted energy corporation engaged in the development and management of energy-related businesses and services across the United States. The company's core operations are divided into two primary units: DTE Electric and DTE Gas. DTE Electric is responsible for generating, transmitting, and distributing electricity to approximately 2.3 million customers in Southeast Michigan, utilizing a diverse mix of energy sources including coal, nuclear fuel, natural gas, hydroelectric pumped storage, and renewable sources. On the other hand, DTE Gas focuses on the purchase, storage, transmission, distribution, and sale of natural gas, serving around 1.3 million customers in Michigan. The company boasts significant natural gas storage capacity, underlining its prominence in the state's energy sector. Beyond its utility operations, DTE Energy has expanded into non-utility businesses, which include industrial energy services, renewable natural gas, and energy marketing and trading. With a history dating back to its founding years in the late 19th and early 20th centuries, DTE Energy has grown into one of Michigan's leading corporate citizens, employing over 10,000 individuals and playing a pivotal role in the economic and community development of the 450 Michigan communities it serves.

Summarized from source with an LLMView SourceSector: Energy

Financial Performance

In the second quarter of 2025, DTE Energy reported earnings of $229 million or $1.10 per diluted share, a decrease from $322 million or $1.55 per diluted share in the second quarter of 2024. Operating earnings also declined to $283 million or $1.36 per diluted share from $296 million or $1.43 per diluted share the previous year.

Infrastructure Investments

DTE Energy invested $1.8 billion in the first half of 2025 to enhance electric infrastructure and reliability, contributing to the company's goal of investing $4.4 billion by 2025. These investments aim to build a smarter grid, update existing infrastructure, and reduce outage durations by 30% by 2029.

Renewable Energy Projects

The company broke ground on the Cold Creek Solar Park, a 100-megawatt solar array expected to be operational by 2026. Additionally, DTE began operations of the 80-megawatt Pine River Solar Park, which will generate enough clean energy to power nearly 20,000 homes.

Awards and Recognition

DTE Energy was honored with the 2025 Business Development Innovation Award by the Edison Electric Institute for its innovative business inclusion practices that support local businesses and suppliers.

Outlook for 2025

DTE Energy maintains its 2025 operating EPS guidance of $7.09 - $7.23, emphasizing its commitment to strengthening energy infrastructure and transitioning to cleaner, more reliable energy sources for its customers and communities.

Summarized from source with an LLMView Source

Key figures

9.51%1Y

20.2%3Y

23.0%5Y

Performance

17.3%1Y

18.6%3Y

19.2%5Y

Volatility