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DTE Energy logoDTE Energy DTE

The company said its reported full-year 2023 net income was $1.4 billion, or $6.76 per diluted share, compared with $1.1 billion, or $5.52 per diluted share, in 2022.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its reported full-year 2023 net income was $1.4 billion, or $6.76 per diluted share, compared with $1.1 billion, or $5.52 per diluted share, in 2022.

  2. DTE Energy said its 2023 operating earnings 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.

  3. The company said it invested a record $3.8 billion in electric and natural gas infrastructure in 2023. Of that, DTE Electric invested $3.1 billion, and DTE Gas invested nearly $750 million.

  4. The company said it confirmed its 2024 operating EPS guidance of $6.54 to $6.83.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2023 Net Income and Diluted Earnings Per Share

The company said its reported full-year 2023 net income was $1.4 billion, or $6.76 per diluted share, compared with $1.1 billion, or $5.52 per diluted share, in 2022.

Source · Based on the filing body and exhibits

2023 Operating Earnings

DTE Energy said its 2023 operating earnings 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.

Source · Based on the filing body and exhibits

2023 Electric and Gas Infrastructure Investment

The company said it invested a record $3.8 billion in electric and natural gas infrastructure in 2023. Of that, DTE Electric invested $3.1 billion, and DTE Gas invested nearly $750 million.

Source · Based on the filing body and exhibits

2024 Operating EPS Guidance Reaffirmed

The company said it confirmed its 2024 operating EPS guidance of $6.54 to $6.83.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.