DTE Energy(DTE)
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DTE Energy(DTE) - 2023 Q4 - Earnings Call Presentation
2024-02-08 15:55
DTE 2023 Year-end Earnings Conference Call February 8, 2024 The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this document as a result of new information or future events or developments. Words such as "anticipate," "believe," "expect," "may," "could," "projected," "aspiration," "plans" and "goals" signify forward-looking statements. Forward-looking statements are not guarantees of ...
Compared to Estimates, DTE Energy (DTE) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-08 15:36
DTE Energy (DTE) reported $-999 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 122.3%. EPS of $1.97 for the same period compares to $1.31 a year ago. ...
DTE Energy reports 2023 earnings and accomplishments
Newsfilter· 2024-02-08 12:00
Invested more than $3.8 billion in electric and gas infrastructure to improve reliability and generate more clean energyHistoric investments in utility infrastructure exceed strong cash generated by our businesses, as supported by regulatory constructReduced customers' bills by $300 million in fuel and transportation cost savingsSecured nearly $160 million in energy assistance for our most vulnerable customersChampioned job creation with Michigan businesses Earned recognition for MIGreenPower as top utility ...
DTE Energy(DTE) - 2023 Q4 - Annual Report
2024-02-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 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 (State or other jurisdiction of incorporation or organization ...
DTE Energy schedules full year 2023 earnings release, conference call
Globenewswire· 2024-01-25 13:45
Detroit, Jan. 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2023 earnings before the market opens Thursday, Feb. 8, 2024. The company will conduct a conference call to discuss earnings results at 9 a.m. ET the same day. 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 or international toll: (646) 960-0306. The passcode is 4 ...
DTE Energy schedules full year 2023 earnings release, conference call
Newsfilter· 2024-01-25 13:45
Detroit, Jan. 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2023 earnings before the market opens Thursday, Feb. 8, 2024. The company will conduct a conference call to discuss earnings results at 9 a.m. ET the same day. 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 or international toll: (646) 960-0306. The passcode is 4 ...
DTE Energy(DTE) - 2023 Q3 - Earnings Call Transcript
2023-11-01 18:10
DTE Energy Company (NYSE:DTE) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Barbara Tuckfield - Director, IR Gerardo Norcia - Chairman & CEO David Ruud - EVP & CFO Conference Call Participants Shahriar Pourreza - Guggenheim David Arcaro - Morgan Stanley Durgesh Chopra - Evercore ISI Jeremy Tonet - JPMorgan Julien Dumoulin-Smith - Bank of America Anthony Crowdell - Mizuho Andrew Weisel - Scotiabank Steve Fleishman - Wolfe Research Sophie Karp - KeyBanc Travis Miller - Morn ...
DTE Energy(DTE) - 2023 Q3 - Earnings Call Presentation
2023-11-01 17:13
Financial Performance & Guidance - DTE Energy revised its operating EPS guidance downward from $6.09-$6.40 to $5.65-$5.85[4] - The company identified $265 million of annualized offsets to headwinds, equivalent to $1.29 per share[62] - DTE Electric's 2023 earnings decreased by $95 million, from $363 million in 2022 to $268 million in 2023, due to cooler weather, higher storm expenses, and higher rate base costs[3] - DTE Vantage's earnings increased by $30 million, from $26 million in 2022 to $56 million in 2023, driven by RNG and steel-related earnings[3] - Energy Trading saw an increase of $51 million, moving from a loss of $20 million in 2022 to a profit of $31 million in 2023, attributed to physical power portfolio performance[3] Capital Investment & Cash Flow - Capital expenditures for DTE Electric totaled $2.244 billion YTD 3Q 2023, compared to $1.867 billion in YTD 3Q 2022[82] - DTE Gas's capital expenditures were $528 million YTD 3Q 2023, up from $475 million in YTD 3Q 2022[82] - The company anticipates capital expenditures between $4.185 billion and $4.285 billion in 2023[83] - Cash from operations increased from $1.4 billion YTD 3Q 2022 to $2.4 billion YTD 3Q 2023[82] Strategic Initiatives & Environmental Impact - DTE Energy is transitioning towards net-zero emissions at its utilities[33] - The company plans to cease coal use at one Belle River unit in 2025 and the remaining unit in 2026, converting to a 1,300 MW natural gas peaking resource[86, 123] - DTE is adding 1,200 MW of solar and 350 MW of energy storage[123]
DTE Energy(DTE) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
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, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ 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 ...
DTE Energy(DTE) - 2023 Q2 - Earnings Call Presentation
2023-07-28 00:30
Safe harbor statement Participants Barbara Tuckfield – Director of Investor Relations Highly engaged team committed to delivering bestin-class results for our customers, communities and investors • Named one of Metro Detroit's Best and Brightest Companies to Work For Supporting our communities • Executing on plan to achieve 2023 targets; long-term operating EPS1 growth rate of 6% - 8% • Transforming generation by targeting carbon emission reductions of 85% in 2032, 90% by 2040 and net zero1 by 2050 • Develo ...