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DTE Energy logoDTE Energy DTE

The company reported Q1 2025 reported earnings of $445 million, or $2.14 per diluted share. For Q1 2024, it reported earnings of $313 million, or $1.51 per share. Operating earnings were $436 million, or $2.10 per share, for 2025, compared with $346 million, or $1.67 per share, for 2024.

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

Key points

AI summary
  1. The company reported Q1 2025 reported earnings of $445 million, or $2.14 per diluted share. For Q1 2024, it reported earnings of $313 million, or $1.51 per share. Operating earnings were $436 million, or $2.10 per share, for 2025, compared with $346 million, or $1.67 per share, for 2024.

  2. DTE Energy said it reported operating earnings for Q1 2025 of $147 million for the DTE Electric segment, $206 million for the DTE Gas segment, $39 million for the DTE Vantage segment and $34 million for the Energy Trading segment. For Q1 2024, the segment figures were $194 million, $160 million, $8 million and $5 million, respectively.

  3. The company said that for Q1 2025, the DTE Electric segment had a pre-tax adjustment of $33 million for the MPSC disallowance of previously recorded power supply costs, and the Energy Trading segment had a pre-tax adjustment of $(44) million related to mark-to-market accounting for derivatives.

  4. The company said it invested more than $850 million in its utilities in Q1 2025 and plans to invest $4.4 billion this year. It also said it reaffirmed its 2025 operating EPS guidance of $7.09 to $7.23.

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.

Q1 2025 Reported Earnings and Operating Earnings

The company reported Q1 2025 reported earnings of $445 million, or $2.14 per diluted share. For Q1 2024, it reported earnings of $313 million, or $1.51 per share. Operating earnings were $436 million, or $2.10 per share, for 2025, compared with $346 million, or $1.67 per share, for 2024.

Source · Based on the filing body and exhibits

Segment Operating Earnings for Q1 2025

DTE Energy said it reported operating earnings for Q1 2025 of $147 million for the DTE Electric segment, $206 million for the DTE Gas segment, $39 million for the DTE Vantage segment and $34 million for the Energy Trading segment. For Q1 2024, the segment figures were $194 million, $160 million, $8 million and $5 million, respectively.

Source · Based on the filing body and exhibits

Items Adjusted in Q1 2025

The company said that for Q1 2025, the DTE Electric segment had a pre-tax adjustment of $33 million for the MPSC disallowance of previously recorded power supply costs, and the Energy Trading segment had a pre-tax adjustment of $(44) million related to mark-to-market accounting for derivatives.

Source · Based on the filing body and exhibits

2025 Investment Plan and Full-Year Adjusted EPS Outlook

The company said it invested more than $850 million in its utilities in Q1 2025 and plans to invest $4.4 billion this year. It also said it reaffirmed its 2025 operating EPS guidance of $7.09 to $7.23.

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.