DTE Energy reports third quarter 2024 accomplishments, earnings and investments in improving energy infrastructure
DTE Energy reported strong Q3 2024 performance with earnings of $477 million ($2.30 per diluted share), up from $332 million in 2023. Operating earnings reached $460 million ($2.22 per diluted share), compared to $298 million in 2023. The company has invested over $3 billion year-to-date and plans to exceed $4 billion in 2024 for grid modernization, cleaner energy generation, and gas infrastructure improvements. Key achievements include starting construction of three new solar parks, implementing smart grid technology that prevented over 9,000 power interruptions, and progressing on 10 new substations. DTE confirms its 2024 operating EPS guidance of $6.54-$6.83.
DTE Energy ha riportato risultati solidi per il terzo trimestre del 2024, con profitti di 477 milioni di dollari (2,30 dollari per azione diluita), in aumento rispetto ai 332 milioni di dollari del 2023. Gli utili operativi hanno raggiunto 460 milioni di dollari (2,22 dollari per azione diluita), rispetto ai 298 milioni di dollari del 2023. L'azienda ha investito oltre 3 miliardi di dollari dall'inizio dell'anno e prevede di superare 4 miliardi di dollari nel 2024 per la modernizzazione della rete, la generazione di energia più pulita e il miglioramento dell'infrastruttura del gas. Le principali realizzazioni includono l'inizio della costruzione di tre nuovi parchi solari, l'implementazione di tecnologie di rete intelligente che hanno prevenuto oltre 9.000 interruzioni di corrente e progressi in 10 nuove stazioni di trasformazione. DTE conferma la sua previsione di utile per azione operativo per il 2024 di $6,54-$6,83.
DTE Energy reportó un sólido desempeño en el tercer trimestre de 2024, con ganancias de 477 millones de dólares (2.30 dólares por acción diluida), un aumento con respecto a los 332 millones de dólares en 2023. Las ganancias operativas alcanzaron 460 millones de dólares (2.22 dólares por acción diluida), en comparación con los 298 millones de dólares en 2023. La empresa ha invertido más de 3 mil millones de dólares desde principios de año y planea superar los 4 mil millones de dólares en 2024 para la modernización de la red, la generación de energía más limpia y mejoras en la infraestructura del gas. Los logros clave incluyen el inicio de la construcción de tres nuevos parques solares, la implementación de tecnología de red inteligente que evitó más de 9,000 interrupciones de energía y el progreso en 10 nuevas subestaciones. DTE confirma su guía de ganancias por acción operativa para 2024 de $6.54-$6.83.
DTE Energy는 2024년 3분기에 4억 7천7백만 달러의 수익(희석 주당 2.30달러)으로 강력한 실적을 보고했으며, 이는 2023년의 3억 3천2백만 달러에서 증가한 수치입니다. 운영 수익은 4억 6천만 달러 (희석 주당 2.22달러)로, 2023년의 2억 9천8백만 달러와 비교됩니다. 이 회사는 연초부터 30억 달러 이상을 투자했으며, 2024년에는 40억 달러를 초과할 계획으로 전력망 현대화, 청정 에너지 생성, 가스 인프라 개선에 사용할 예정입니다. 주요 성과로는 세 개의 새로운 태양광 발전소 건설 착공, 9,000건 이상의 전력 중단을 방지한 스마트 그리드 기술 구현, 10개의 새로운 변전소 진행이 포함됩니다. DTE는 2024년 운영 EPS 가이던스인 6.54~6.83달러를 확인했습니다.
DTE Energy a rapporté de solides performances au troisième trimestre 2024, avec des bénéfices de 477 millions de dollars (2,30 dollars par action diluée), en hausse par rapport à 332 millions de dollars en 2023. Les bénéfices d'exploitation ont atteint 460 millions de dollars (2,22 dollars par action diluée), comparé à 298 millions de dollars en 2023. L'entreprise a investi plus de 3 milliards de dollars depuis le début de l'année et prévoit de dépasser 4 milliards de dollars en 2024 pour la modernisation du réseau, la génération d'énergie plus propre et l'amélioration des infrastructures gazières. Parmi les réalisations clés, on peut citer le début de la construction de trois nouveaux parcs solaires, la mise en œuvre de technologies de réseau intelligent ayant évité plus de 9 000 interruptions d'électricité, et des progrès dans 10 nouvelles sous-stations. DTE confirme sa prévision de bénéfice par action opérationnel pour 2024 de 6,54 à 6,83 dollars.
DTE Energy berichtete über eine starke Leistung im dritten Quartal 2024 mit einem Gewinn von 477 Millionen Dollar (2,30 Dollar pro verwässerter Aktie), ein Anstieg von 332 Millionen Dollar im Jahr 2023. Der operative Gewinn erreichte 460 Millionen Dollar (2,22 Dollar pro verwässerter Aktie), im Vergleich zu 298 Millionen Dollar im Jahr 2023. Das Unternehmen hat bis heute über 3 Milliarden Dollar investiert und plant, 2024 über 4 Milliarden Dollar für die Modernisierung des Stromnetzes, sauberere Energieerzeugung und Verbesserungen der Gasinfrastruktur auszugeben. Zu den wichtigsten Erfolgen gehören der Baubeginn von drei neuen Solarparks, die Implementierung von Smart-Grid-Technologie, die über 9.000 Stromausfälle verhinderte, und Fortschritte bei 10 neuen Umspannwerken. DTE bestätigt die Gewinnprognose für das Jahr 2024 von 6,54 bis 6,83 Dollar pro Aktie.
- Q3 2024 earnings increased 43.7% YoY to $477 million
- Operating earnings rose 54.4% YoY to $460 million
- Smart grid technology prevented 9,000+ power interruptions
- On track to exceed $4 billion investment target in 2024
- Reaffirmed 2024 EPS guidance of $6.54-$6.83
- Significant capital expenditure requirements exceeding cash flows
Insights
DTE Energy delivered strong Q3 2024 results with
The substantial infrastructure investments in smart grid technology and new substations represent a strategic shift toward grid modernization. The prevention of 9,000+ power interruptions and 3.6 million customer downtime minutes through smart grid technology demonstrates tangible reliability improvements. The construction of 10 new substations and three solar parks signals strong execution of the company's modernization strategy. These investments position DTE well for future regulatory recovery and should help meet Michigan's clean energy goal of
- Continued on path to improving electric reliability through investments in smart grid technology and new substations
- Began construction of three new solar parks, all funded by company’s voluntary MIGreenPower program
- Installed nearly 1,000 free air conditioners for people in need in metro Detroit
- Published 2023 CleanVision Sustainability Report
- Recognized for initiatives in making DTE a great place to work
DETROIT, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over
The company also reported third quarter earnings of
“Through their innovation and hard work, DTE team members are making great progress building a cleaner, more resilient energy grid to keep the power flowing for our customers,” said Jerry Norcia, DTE Energy chairman and CEO. “In the third quarter of 2024 alone, we started construction of three new solar energy parks. We are also building or energizing 10 new substations to power Michigan’s future. Our solid financial strength and constructive regulatory environment allow us to continue to invest above our generated cash flows for improved reliability and cleaner generation.”
Norcia noted the following accomplishments in the third quarter:
- Continued on path to improving electric reliability through investments in smart grid technology and new substations. DTE’s investment in smart grid technology prevented more than 9,000 power interruptions and more than 3.6 million minutes without power for customers so far in 2024. Smart grid technology automatically detects and de-energizes downed wires, which improves people’s safety, and helps isolate areas of damage, reroute power for many customers and quickly pinpoint the damage location, which shortens outage time and speeds up restoration. The company is also at various stages of constructing or energizing 10 new substations across its service territory. Substations, also equipped with smart grid technology, are critical parts of the electric grid that adjust voltage levels coming from power plants to distribute electricity safely and efficiently to homes and businesses.
- Began construction of three new solar parks, all funded by company’s voluntary MIGreenPower program: As Michigan’s largest producer of and investor in renewable energy, DTE broke ground on three new solar parks in response to growing customer support for clean, renewable energy. The Fish Creek and Mission Road solar parks in mid-Michigan, and the Little Trout solar park in northern Michigan, are all funded by customers who voluntarily enrolled in DTE’s industry-leading CleanVision MIGreenPower program. These solar developments are another step toward the company’s goal of achieving net zero carbon emissions and bringing the State of Michigan significantly closer to its clean energy goal of
60% by 2035. - Installed nearly 1,000 free air conditioners for people in need in metro Detroit: As summer temperatures rose, DTE’s Energy Efficiency Assistance (EEA) team delivered free AC units and made home repairs for local income-qualified customers as part of an ongoing effort to support vulnerable populations. As a part of the initiative, customers may also receive additional assistance including weatherization, new appliances and insulation to ensure their homes meet health and safety standards.
- Published 2023 CleanVision Sustainability Report: DTE shared its progress in executing its sustainability strategy to improve operations, accomplish net zero goals, care for customers – especially the most vulnerable – and develop a workforce to lead Michigan’s energy future in its 2023 CleanVision Sustainability Report.
- Recognized for initiatives in making DTE a great place to work:
- For the second consecutive year, The Health Project recognized DTE’s use of evidence-based programs for employee wellness to achieve meaningful results. More than
85% of DTE employees participate in the company’s programs, which improve their lives by reducing critical lifestyle-related health conditions and workplace injuries. - Disability:In, the leading nonprofit resource for business disability inclusion worldwide, named DTE one of the Best Companies for Disability Inclusion, awarding the company with a top score of 100 on the Disability Equality Index for creating an accessible and inclusive environment where all employees can feel a sense of belonging and thrive.
- DTE’s employee resource group for veterans and their allies received the 2024 Michigan Veteran Affairs Agency Employer Innovator Award for its proactive recruitment and onboarding programs and for collaborating with other organizations to improve veterans’ lives.
- For the second consecutive year, The Health Project recognized DTE’s use of evidence-based programs for employee wellness to achieve meaningful results. More than
Outlook for 2024
DTE Energy confirms 2024 operating EPS guidance of
“We are confident that we will achieve our financial targets in 2024 while making significant strides in our infrastructure investment plan to improve how we produce and deliver energy for our customers and communities,” said David Ruud, DTE executive vice president and CFO.
This earnings announcement and presentation slides are available at dteenergy.com/investors.
The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE website at dteenergy.com/investors.
About DTE Energy
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy.
Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company’s net income and the most comparable GAAP measure. In this release, DTE Energy discusses 2024 operating earnings guidance. It is likely that certain items that impact the company's 2024 reported results will be excluded from operating results. Reconciliations to the comparable 2024 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any information contained in this document as a result of new information or future events or developments. Certain information presented herein includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, and businesses of DTE Energy. Words such as “anticipate,” “believe,” “expect,” “may,” “could,” “projected,” “aspiration,” “plans” and “goals” signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to numerous assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in DTE Energy’s geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy’s energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning trust and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve net zero emissions goals; and the risks discussed in DTE Energy’s public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.
For more information, members of the media may contact:
Dan Miner, DTE Energy: 313.235.5555
For further information, analysts may call:
Matt Krupinski, DTE Energy: 313.235.6649
John Dermody, DTE Energy: 313.235.8750
| DTE Energy Company | |||||||||||||||||||||||||||||||||
| Segment Net Income (Unaudited) | |||||||||||||||||||||||||||||||||
| Three Months Ended September 30, | |||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||
| Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | ||||||||||||||||||||||||||
| (In millions) | |||||||||||||||||||||||||||||||||
| DTE Electric | $ | 437 | $ | — | $ | — | $ | 437 | $ | 268 | $ | — | $ | — | $ | 268 | |||||||||||||||||
| DTE Gas | (13 | ) | — | — | (13 | ) | (5 | ) | — | — | (5 | ) | |||||||||||||||||||||
| Non-utility operations | |||||||||||||||||||||||||||||||||
| DTE Vantage | 33 | — | — | 33 | 56 | — | — | 56 | |||||||||||||||||||||||||
| Energy Trading | 42 | (22 | ) | A | 5 | 25 | 65 | (46 | ) | A | 12 | 31 | |||||||||||||||||||||
| Non-utility operations | 75 | (22 | ) | 5 | 58 | 121 | (46 | ) | 12 | 87 | |||||||||||||||||||||||
| Corporate and Other | (22 | ) | — | — | (22 | ) | (52 | ) | — | — | (52 | ) | |||||||||||||||||||||
| Net Income Attributable to DTE Energy Company | $ | 477 | $ | (22 | ) | $ | 5 | $ | 460 | $ | 332 | $ | (46 | ) | $ | 12 | $ | 298 | |||||||||||||||
| (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||||||||||||||||
| Adjustments key | |||||||||||||||||||||||||||||||||
| A) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility | |||||||||||||||||||||||||||||||||
| DTE Energy Company | |||||||||||||||||||||||||||||||||
| Segment Diluted Earnings Per Share (Unaudited)(2) | |||||||||||||||||||||||||||||||||
| Three Months Ended September 30, | |||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||
| Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | ||||||||||||||||||||||||||
| DTE Electric | $ | 2.11 | $ | — | $ | — | $ | 2.11 | $ | 1.30 | $ | — | $ | — | $ | 1.30 | |||||||||||||||||
| DTE Gas | (0.06 | ) | — | — | (0.06 | ) | (0.03 | ) | — | — | (0.03 | ) | |||||||||||||||||||||
| Non-utility operations | |||||||||||||||||||||||||||||||||
| DTE Vantage | 0.15 | — | — | 0.15 | 0.28 | — | — | 0.28 | |||||||||||||||||||||||||
| Energy Trading | 0.20 | (0.11 | ) | A | 0.03 | 0.12 | 0.32 | (0.23 | ) | A | 0.06 | 0.15 | |||||||||||||||||||||
| Non-utility operations | 0.35 | (0.11 | ) | 0.03 | 0.27 | 0.60 | (0.23 | ) | 0.06 | 0.43 | |||||||||||||||||||||||
| Corporate and Other | (0.10 | ) | — | — | (0.10 | ) | (0.26 | ) | — | — | (0.26 | ) | |||||||||||||||||||||
| Net Income Attributable to DTE Energy Company | $ | 2.30 | $ | (0.11 | ) | $ | 0.03 | $ | 2.22 | $ | 1.61 | $ | (0.23 | ) | $ | 0.06 | $ | 1.44 | |||||||||||||||
| (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||||||||||||||||
| (2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations (Unaudited). | |||||||||||||||||||||||||||||||||
| Adjustments key—see previous page | |||||||||||||||||||||||||||||||||
| DTE Energy Company | |||||||||||||||||||||||||||||||||||
| Segment Net Income (Unaudited) | |||||||||||||||||||||||||||||||||||
| Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | ||||||||||||||||||||||||||||
| (In millions) | |||||||||||||||||||||||||||||||||||
| DTE Electric | $ | 886 | $ | 32 | A | $ | (8 | ) | $ | 910 | $ | 547 | $ | — | $ | — | $ | 547 | |||||||||||||||||
| DTE Gas | 153 | 8 | A | (2 | ) | 159 | 190 | — | — | 190 | |||||||||||||||||||||||||
| Non-utility operations | |||||||||||||||||||||||||||||||||||
| DTE Vantage | 74 | (25 | ) | B | 6 | 55 | 109 | — | — | 109 | |||||||||||||||||||||||||
| Energy Trading | 82 | (27 | ) | C | 6 | 61 | 234 | (259 | ) | C | 66 | 41 | |||||||||||||||||||||||
| Non-utility operations | 156 | (52 | ) | 12 | 116 | 343 | (259 | ) | 66 | 150 | |||||||||||||||||||||||||
| Corporate and Other | (83 | ) | — | — | (83 | ) | (102 | ) | — | (7 | ) | D | (109 | ) | |||||||||||||||||||||
| Net Income Attributable to DTE Energy Company | $ | 1,112 | $ | (12 | ) | $ | 2 | $ | 1,102 | $ | 978 | $ | (259 | ) | $ | 59 | $ | 778 | |||||||||||||||||
| (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||||||||||||||||||
| Adjustments key | |||||||||||||||||||||||||||||||||||
| A) One-time costs resulting from the voluntary separation incentive program — recorded in Operating Expenses — Operation and maintenance | |||||||||||||||||||||||||||||||||||
| B) Gain on sale of equity investment — recorded in Other (Income) and Deductions | |||||||||||||||||||||||||||||||||||
| C) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility | |||||||||||||||||||||||||||||||||||
| D) Adjustment to Income Tax Expense due to a tax law change in West Virginia | |||||||||||||||||||||||||||||||||||
| DTE Energy Company | |||||||||||||||||||||||||||||||||||
| Segment Diluted Earnings Per Share (Unaudited)(2) | |||||||||||||||||||||||||||||||||||
| Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | Reported Earnings | Pre-tax Adjustments | Income Taxes(1) | Operating Earnings | ||||||||||||||||||||||||||||
| DTE Electric | $ | 4.28 | $ | 0.15 | A | $ | (0.04 | ) | $ | 4.39 | $ | 2.65 | $ | — | $ | — | $ | 2.65 | |||||||||||||||||
| DTE Gas | 0.74 | 0.04 | A | (0.01 | ) | 0.77 | 0.92 | — | — | 0.92 | |||||||||||||||||||||||||
| Non-utility operations | |||||||||||||||||||||||||||||||||||
| DTE Vantage | 0.35 | (0.11 | ) | B | 0.03 | 0.27 | 0.53 | — | — | 0.53 | |||||||||||||||||||||||||
| Energy Trading | 0.39 | (0.13 | ) | C | 0.03 | 0.29 | 1.14 | (1.27 | ) | C | 0.32 | 0.19 | |||||||||||||||||||||||
| Non-utility operations | 0.74 | (0.24 | ) | 0.06 | 0.56 | 1.67 | (1.27 | ) | 0.32 | 0.72 | |||||||||||||||||||||||||
| Corporate and Other | (0.40 | ) | — | — | (0.40 | ) | (0.50 | ) | — | (0.03 | ) | D | (0.53 | ) | |||||||||||||||||||||
| Net Income Attributable to DTE Energy Company | $ | 5.36 | $ | (0.05 | ) | $ | 0.01 | $ | 5.32 | $ | 4.74 | $ | (1.27 | ) | $ | 0.29 | $ | 3.76 | |||||||||||||||||
| (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||||||||||||||||||
| (2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations (Unaudited). | |||||||||||||||||||||||||||||||||||
| Adjustments key—see previous page | |||||||||||||||||||||||||||||||||||
FAQ
What were DTE Energy's Q3 2024 earnings per share?
How much is DTE investing in infrastructure improvements in 2024?
What is DTE's EPS guidance for 2024?
How many power interruptions did DTE's smart grid technology prevent in 2024?
