UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (State or other jurisdiction of incorporation or organization) (I.R.S Employer Identification No.) Michigan 38-0 ...

Core Insights - DTE Energy is committed to enhancing electric reliability and transitioning to cleaner energy sources, with over $2 billion invested in the first half of 2024, aiming for a total of over $4 billion for the year [1][3] Financial Performance - DTE Energy reported second quarter earnings of $322 million, or $1.55 per diluted share, compared to $201 million, or $0.97 per diluted share in 2023 [2] - Operating earnings for the second quarter 2024 were $296 million, or $1.43 per diluted share, compared to $206 million, or $0.99 per diluted share in 2023 [2] Strategic Initiatives - The company aims to reduce power outages by 30% and cut outage duration in half over the next five years by modernizing the electric grid [3] - DTE Energy has begun construction on the region's largest battery energy storage facility, capable of storing 880 megawatt hours of electricity, enough to power nearly 40,000 homes [3] - The company collaborated with the NFL to make the 2024 NFL Draft carbon neutral, utilizing its renewable energy programs [3] - DTE Energy expanded its Energy Efficiency Academy to provide advanced training in clean energy, responding to the demand for energy-efficient home repairs [3] Outlook - DTE Energy confirmed its 2024 operating EPS guidance of $6.54 - $6.83, indicating strong financial health and continued investment in energy production and delivery improvements [4]

Wall Street expects a year-over-year increase in earnings on higher revenues when DTE Energy (DTE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 25. On the ...

11 aydinmutlu one of my favorite sectors is utilities. It's also not hard to understand why. Although the scetor has to adapt to technological changes, substitute risk is minimal. I don' have an exact probability of humanity discovering a cheaper/more efficient alternative in my lifetime to electricity, water, and or natural gas, However, I'm not a betting man, and even I'm willing to venture that it's rather close to zero. The company is celebrating its 175th year in business this year. Talk about longevit ...

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 U.S. and international toll telephone dial-in number 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 Energy website at dteenergy.com/investors. For more information, members of the media may contact: Dan Miner, DTE Energ ...

The company will conduct a conference call to discuss earnings results at 8:30 a.m. ET the same day. For further information, analysts may call: Matt Krupinski, DTE Energy: 313.235.6649 John Dermody, DTE Energy: 313.235.8750 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 comp ...

Detroit, June 20, 2024 (GLOBE NEWSWIRE) -- (NYSE: DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable Oct. 15, 2024, to shareholders of record at the close of business Sept. 16, 2024. About DTE Energy For more information, members of the media may contact: Dan Miner, DTE Energy: 313.235.5555 DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. I ...

DTE Energy Company (DTE) has revealed that it is set to construct a 220-megawatt (MW) battery energy storage complex at the site of its former coal power plant in Trenton Channel, MI. This should expand DTE's footprint in the rapidly expanding energy storage market. Benefits of the Project Almost 40,000 houses will be powered by 880 megawatt-hours of electricity that the new Trenton Channel Energy Center is expected to store. This, in turn, will put DTE a step ahead of achieving its target of more than doub ...

Detroit, June 10, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of renewable energy, will also become a leader in battery storage as it converts a portion of its retired Trenton Channel coal power plant site to house a 220-megawatt battery energy storage center. When complete in 2026, the energy storage center is expected to be the largest standalone battery energy storage project in the Great Lakes region. "Today, roughly one-third of all electricity generated by DTE comes fro ...

Core Insights - DTE Energy is transforming the retired Trenton Channel coal power plant site into a 220-megawatt battery energy storage center, expected to be the largest in the Great Lakes region upon completion in 2026 [1][4] - The new energy center aligns with DTE's CleanVision Integrated Resource Plan and Michigan's energy storage targets, supporting the company's net zero carbon reduction goals [2][3] - The project is significantly funded by $140 million in tax incentives from the 2022 federal Inflation Reduction Act, facilitating a cleaner energy future for Michigan [3] Company Developments - The Trenton Channel Energy Center will store 220 megawatts (880 megawatt hours) of electricity, enough to power nearly 40,000 homes, and is a step towards DTE's goal of doubling its energy storage capacity by 2042 [4] - DTE's commitment to renewable energy is underscored by the fact that approximately one-third of its electricity generation comes from carbon-free resources [3] - The project is expected to enhance grid reliability, reduce generation fluctuations, and support DTE's growing renewable generation fleet, benefiting over 2 million customers [2][7] Community Impact - The transformation of the Trenton site is seen as a positive development for the local community, providing additional tax revenue for local projects such as roads and schools [6] - DTE's initiatives are supported by state leadership, emphasizing job creation, lower energy costs, and environmental protection [5] - The project reflects DTE's ongoing commitment to integrating new technology and renewable energy solutions in Michigan [6]