The company said net income for Q1 2024 was $313 million, or $1.51 per diluted share, compared with $445 million, or $2.16 per diluted share, in Q1 2023.

1. 01

   The company said net income for Q1 2024 was $313 million, or $1.51 per diluted share, compared with $445 million, or $2.16 per diluted share, in Q1 2023.

2. 02

   The company said operating earnings for Q1 2024 were $346 million, or $1.67 per diluted share, compared with $274 million, or $1.33 per diluted share, in Q1 2023. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations.

3. 03

   The company said DTE Electric's reported earnings for Q1 2024 were $171 million and its operating earnings were $194 million, with the adjustment being a one-time cost related to the voluntary separation incentive program. DTE Gas reported earnings of $154 million and operating earnings of $160 million.

4. 04

   The company said it invested more than $1 billion in its electric and natural gas infrastructure in Q1 2024 and plans to invest more than $4 billion over the course of 2024. It also said it reaffirmed its 2024 operating EPS guidance of $6.54 to $6.83.

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.

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

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