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DTE

DTE Energy Company

DTE

DTE Energy Company • NYSE
$137.03 ▲ 0.18% (+0.25)
Market Cap $28.46 B
52w High $143.79
52w Low $116.30
Dividend Yield 4.36%
P/E 20.54
Volume 529.96K
Outstanding Shares 207.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.527B ▲ $2.325B ▲ $2.01M ▼ 0.057% ▼ $0.01 ▼ $1.148B ▲
Q2-2025 $3.419B ▼ $577M ▼ $229M ▼ 6.698% ▼ $1.1 ▼ $970M ▼
Q1-2025 $4.44B ▲ $589M ▼ $445M ▲ 10.023% ▲ $2.14 ▲ $1.129B ▲
Q4-2024 $3.436B ▲ $596M ▲ $292M ▼ 8.498% ▼ $1.41 ▼ $1.014B ▼
Q3-2024 $2.906B $557M $477M 16.414% $2.29 $1.046B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $79M ▼ $52.028B ▲ $39.865B ▲ $12.158B ▲
Q2-2025 $84M ▲ $50.248B ▲ $38.521B ▲ $11.722B ▼
Q1-2025 $33M ▲ $49.555B ▲ $37.628B ▲ $11.921B ▲
Q4-2024 $24M ▼ $48.846B ▼ $37.142B ▼ $11.699B ▲
Q3-2024 $2.04B $49.806B $38.208B $11.592B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $505M ▲ $633M ▼ $-1.662B ▼ $1.024B ▲ $-5M ▲ $-589M ▼
Q2-2025 $-6M ▼ $713M ▼ $-1.058B ▼ $339M ▲ $-6M ▼ $-258M ▼
Q1-2025 $445M ▲ $1.02B ▼ $-968M ▼ $-50M ▲ $2M ▲ $147M ▲
Q4-2024 $292M ▼ $1.084B ▲ $-238M ▲ $-1.781B ▼ $-935M ▼ $-163M ▲
Q3-2024 $477M $758M $-1.189B $1.367B $936M $-370M

Revenue by Products

Product Q2-2024Q3-2024Q1-2025Q2-2025
DTE Vantage
DTE Vantage
 $180.00M ▲$190.00M ▲$190.00M ▲$-10.00M ▼
Electric
Electric
 $1.62Bn ▲$1.70Bn ▲$1.46Bn ▼$-20.00M ▼
Energy Trading
Energy Trading
 $840.00M ▲$840.00M ▲$2.03Bn ▲$-40.00M ▼
Gas
Gas
 $290.00M ▲$230.00M ▼$690.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement DTE’s earnings profile looks steady and generally improving beneath some headline revenue swings. While total sales have been volatile, the company has been lifting its underlying profitability, with gross and operating profit trending higher over the last several years. Net income has recovered well from earlier dips and has held at a solid level recently, suggesting more consistent performance. Overall, the income statement points to a mature regulated utility that is steadily improving efficiency and margins while absorbing the ups and downs of energy markets and one‑off items.

Balance Sheet

Balance Sheet The balance sheet shows a classic capital‑intensive utility: large and growing assets funded by a mix of rising debt and steadily rebuilt equity. Debt levels are significant and have been climbing as DTE invests heavily in its networks and clean energy projects, which is typical for the sector but does increase sensitivity to interest rates and regulatory decisions. Equity has been growing as well, reflecting retained earnings and a stronger capital base over time. Cash on hand is very modest, so the company relies on ongoing access to capital markets and regulators’ support to fund its long‑term plans.

Cash Flow

Cash Flow DTE generates solid cash from its day‑to‑day operations, and that cash flow has strengthened again after a weaker patch a few years ago. However, free cash flow is consistently negative because the company is spending aggressively on capital projects such as grid upgrades, renewables, and infrastructure. This pattern is common for a utility in an intensive investment cycle: operations fund a good portion of spending, but debt and other external financing are needed to bridge the gap. The key watch‑points are whether these investments translate into approved returns and more stable cash generation over time.

Competitive Edge

Competitive Edge DTE holds a strong, largely protected position as a regulated electric and gas utility serving a large share of Michigan households and businesses. Regulation and heavy infrastructure needs create high barriers to entry, giving DTE a durable local monopoly in its core markets. Its diversification into industrial energy solutions, renewable natural gas, and energy marketing adds additional income streams and reduces reliance on any single business line. At the same time, DTE remains exposed to regulatory outcomes in Michigan and to the health of the regional economy, which will shape how quickly it can recover its investments and grow earnings.

Innovation and R&D

Innovation and R&D For a utility, DTE is relatively forward‑leaning on technology and the clean energy transition. The company has rolled out smart meters, uses artificial intelligence to anticipate equipment failures, and has seen clear improvements in outage duration and reliability. Its digital customer platform and tailored programs like MIGreenPower, energy‑efficiency incentives, and EV charging support show a focus on customer experience and future demand trends. The long‑term net‑zero plan and planned build‑out of renewables, storage, and data‑center power supply are ambitious, but execution, timing, and regulatory approval will be critical to turning these innovation efforts into sustained financial benefits.

Summary

Overall, DTE looks like a traditional regulated utility that is midway through a large modernization and clean‑energy investment cycle. Profitability has improved over time despite revenue volatility, while the balance sheet has become more leveraged as the company finances substantial capital projects. Operating cash flow is healthy but currently more than absorbed by investment spending, underscoring dependence on outside financing and constructive regulation. Strategically, DTE benefits from a strong local monopoly, growing diversification, and a clear technology and sustainability roadmap, but faces the usual utility risks: regulatory decisions, interest‑rate sensitivity, execution on large projects, and matching new capacity to emerging demand, especially from data centers and electrification trends.

NEWS

October 30, 2025 · 7:00 AM UTC

DTE Energy reports third quarter accomplishments, investments and earnings; provides 2026 early outlook

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October 28, 2025 · 8:00 AM UTC

DTE Energy connects customers to new, expanded energy assistance dollars as cold weather returns to Michigan

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October 21, 2025 · 10:00 AM UTC

DTE Energy names Brenda Craig as Chief Communications Officer

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October 16, 2025 · 10:30 AM UTC

DTE Energy schedules third quarter 2025 earnings release, conference call

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October 14, 2025 · 9:12 AM UTC

DTE Energy releases annual Sustainability Report, showcasing progress toward cleaner, more reliable and affordable energy

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