Detroit, Aug. 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced a significant milestone in its commitment to improving energy reliability for its customers. Through the implementation of smart grid technology, DTE has prevented nearly 5,000 power interruptions and more than 1.8 million minutes without power for customers so far in 2024. "We're dedicated to reducing power outages by 30% while cutting outage durations in half by 2029 — and smart technology is a critical investment to help us ...

Exhibit 99.1 DTE Gas Company Unaudited Consolidated Financial Statements as of and for the Three and Six Months Ended June 30, 2024 TABLE OF CONTENTS Page Definitions 1 Consolidated Statements of Operations (Unaudited) 2 Consolidated Statements of Comprehensive Income (Unaudited) 3 Consolidated Statements of Financial Position (Unaudited) 4 Consolidated Statements of Cash Flows (Unaudited) 6 Consolidated Statements of Changes in Shareholder's Equity (Unaudited) 7 Notes to Consolidated Financial Statements ( ...

DTE Energy Company (NYSE:DTE) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matthew Krupinski - Director of Investor Relations Gerardo Norcia - Chairman & Chief Executive Officer Joi Harris - President & Chief Executive Officer David Ruud - Executive Vice President & Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley Michael Sullivan - Wolfe Research Andr ...

The company reported GAAP earnings of $1.55 per share compared with 97 cents in the prior-year quarter. Segmental Details DTE Gas: The segment's reported operating earnings of 6 cents per share compared with 12 cents in the yearago period. DTE Energy reiterated its 2024 operating EPS projection. The company still expects operating EPS to be in the range of $6.54-$6.83. The Zacks Consensus Estimate for earnings is pegged at $6.69 per share, which is almost in line with the midpoint of the company's guided ra ...

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 ...