DTE Energy said DTE Gas Company's operating revenues for the 3 months ended March 31, 2025 were $868 million and operating income was $297 million, compared with $705 million and $228 million, respectively, in the prior-year period.

1. 01

   DTE Energy said DTE Gas Company's operating revenues for the 3 months ended March 31, 2025 were $868 million and operating income was $297 million, compared with $705 million and $228 million, respectively, in the prior-year period.

2. 02

   The company said DTE Gas's net income for Q1 2025 was $205 million compared with $154 million in the prior-year period, and the effective income tax rate was 23.4% compared with 23.8% in the prior-year period.

3. 03

   DTE Energy said net cash from operating activities for DTE Gas in Q1 2025 was $405 million, net cash used for investing activities was $327 million, of which an increase in notes receivable from affiliates was $202 million.

4. 04

   The company said DTE Gas has an unsecured revolving credit facility of $300 million, the ratio of total debt to total capitalization as of March 31, 2025 was 0.48 to 1, and full-year 2025 capital expenditures are expected to be approximately $660 million.

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Original filing

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