For the quarter ended September 2024, DTE Energy (DTE) reported revenue of $-999 million, down 134.6% over the same period last year. EPS came in at $2.22, compared to $1.44 in the year-ago quarter. ...

Core Insights - DTE Energy Company reported third-quarter 2024 operating earnings per share (EPS) of $2.22, exceeding the Zacks Consensus Estimate of $1.87 by 18.7% and showing a 54.2% increase from the previous year's EPS of $1.44 [1] - The company’s GAAP earnings were $2.30 per share, compared to $1.61 in the same quarter last year [1] Financial Performance - The operating net income for the quarter was $460 million, up from $298 million in the year-ago period [2] - DTE Electric segment's operating earnings were $2.11 per share, an increase from $1.30 in the prior-year quarter [3] - DTE Gas segment reported an operating loss of 6 cents per share, compared to a loss of 3 cents in the previous year [3] - Non-Utility Operations reported operating earnings of 27 cents per share, down from 43 cents in the third quarter of 2023 [3] Future Guidance - DTE Energy reiterated its 2024 operating EPS projection, expecting it to be in the range of $6.54-$6.83, with the Zacks Consensus Estimate at $6.70 per share, near the midpoint of the company's guidance [4] Market Position - DTE Energy currently holds a Zacks Rank 2 (Buy) [5]

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 September 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 _____ Commission File Number: 1-11607 DTE Energy Company Michigan 38-3217752 (State or other jurisdiction of inco ...

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 $3 billion so far this ...

The United States is expected to see robust demand for electric power from artificial intelligence (AI)-driven data center growth, widespread adoption of electric vehicles (EV), and an increase in residential demand. In this regard, renewable energy is emerging as an industry promising long-term gains. Out of several forms of alternative energy, wind energy is at the forefront of the global transition toward renewable energy, a critical theme in combating climate change. Here, we have selected three utiliti ...

DTE Energy (DTE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Th ...

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Detroit, Oct. 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy is urging all media outlets to make their audiences aware of DTE impersonators. On October 11, 2024, a homicide took place in Rochester Hills allegedly committed by imposters representing themselves as DTE employees. Our hearts go out to the victims of this horrific and tragic event, and we hope the perpetrators are quickly apprehended and brought to justice. If anyone arrives at your home or business claiming they are from DTE, please ask to see a badge ...

Core Points - DTE Energy will announce its third quarter 2024 earnings on October 24, 2024, before the market opens [1] - A conference call to discuss the earnings results will take place at 9:00 a.m. ET on the same day [1] Company Overview - DTE Energy is a diversified energy company based in Detroit, serving 2.3 million electric customers and 1.3 million natural gas customers in Michigan [3] - The company focuses on custom energy solutions, renewable energy generation, and energy marketing and trading [3] - DTE Energy is committed to carbon reduction goals and engages in volunteerism, education, philanthropy, and economic progress [3]

Core Insights - DTE Energy released its 2023 CleanVision Sustainability Report, highlighting progress in generating cleaner, reliable, and affordable energy [1] - The report emphasizes DTE's commitment to operational improvements, net zero goals, customer care, and workforce development [2] Sustainability Goals - DTE aims to reduce power outages by 30% and halve system outage duration over the next five years while balancing affordability for customers [3] - The report is aligned with established frameworks such as EEI, AGA, GRI, TCFD, and SASB, providing a comprehensive overview of sustainability efforts [3] Company Overview - DTE Energy serves 2.3 million electric customers and 1.3 million natural gas customers in Michigan, focusing on custom energy solutions and renewable energy generation [5] - The company is committed to aggressive carbon reduction targets and engages in community initiatives through volunteerism, education, and philanthropy [5]