For the quarter ended December 2024, DTE Energy (DTE) reported revenue of $-999 million, down 129.4% over the same period last year. EPS came in at $1.51, compared to $1.97 in the year-ago quarter. ...

Top-tier customer bill management; reduced customers' bills by $300 million in fuel and transportation cost savings Invested $4.4 billion in electric and gas infrastructure to improve reliability and generate cleaner energy Customers experienced a nearly 70% improvement in time spent without power from 2023 to 2024 Supported vulnerable customers by connecting them to $144 million in energy assistance Championed legislation to assist low-income customers Brought comfort to Michigan families with $63 million ...

Detroit, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Today, DTE Energy joined with 120 human service agencies, religious organizations and businesses, known as the "Coalition to Keep Michigan Warm," to celebrate new laws that will expand energy assistance to more Michiganders. DTE and other members of the coalition, were joined by Governor Whitmer, legislators and community leaders to celebrate the bipartisan collaboration that was necessary to successfully break down barriers and secure this vital funding for Michig ...

Group of more than 120 human service agencies, religious organizations and businesses and legislatures were instrumental in the bipartisan passage of new law to expand energy assistance for Michiganders in need Governor Gretchen Whitmer Governor Gretchen Whitmer spoke at the event, congratulating the Coalition to Keep Michigan warm on their hard work and collaboration to help get the MEAP bills passed. Speakers at the MEAP expansion celebration Representative Helena Scott; Jerry Norcia, Chairman & Chi ...

Casey Santos DTE Energy names Casey Santos to board of directors Detroit, Feb. 06, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) has named Casey Santos to its board of directors effective Feb. 6. Santos recently joined Caliber as chief technology officer. Prior to Caliber, Santos led Asurion’s global technology and procurement teams as their chief information officer. She has more than 25 years of experience as an executive leader, an independent board director for public and private organizations, an ...

Wall Street expects a year-over-year decline in earnings on lower revenues when DTE Energy (DTE) reports results for the quarter ended December 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 earnings report, which is expected to be released on February 13, 2025, might help the stock move higher if these key numbers are better than exp ...

Detroit, Jan. 30, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2024 earnings before the market opens Thursday, February 13, 2025. The company will conduct a conference call to discuss earnings results at 9:00 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. The U.S. and international toll telephone dial- ...

Grid Improvements and Investments - DTE Energy achieved a nearly 70% improvement in power outage duration for customers between 2023 and 2024, driven by $1.5 billion in grid investments and less extreme weather [1][2] - The company is executing a four-point plan to build the grid of the future, focusing on smart grid transition, infrastructure updates, grid rebuilding, and tree trimming [2] - In 2024, DTE commissioned over 450 new circuit automation devices, helping to isolate outages and restore power faster, avoiding nearly 10,000 outages and 4 million minutes of power interruption [4] - Smart grid technologies, such as automatic pole top switches, have already prevented over 50,000 customer outages [4] Infrastructure Upgrades - DTE rebuilt significant sections of the grid, including constructing 12 new substations, with three beginning construction in late 2024 [4] - The company upgraded over 850 miles of electric lines and replaced nearly 3,400 power poles in 2024 [4] - Tree trimming and removal efforts covered more than 4,300 miles in 2024, addressing a major cause of power outages, with over 31,000 miles of overhead infrastructure cleared over the past five years [4] Company Overview - DTE Energy is a diversified energy company based in Detroit, operating an electric utility serving 2.3 million customers in Southeast Michigan and a natural gas utility serving 1.3 million customers across Michigan [3] - The company is accelerating its carbon reduction goals and is involved in renewable energy generation, energy marketing, and custom energy solutions [3]

Core Viewpoint - DTE Energy is focused on long-term capital expenditures to enhance its infrastructure and renewable energy portfolio while transitioning away from coal-fired power generation [1][4]. Group 1: Capital Expenditure Plans - DTE Energy plans to invest a total of $25 billion over the next five years to improve the reliability of its electric and natural gas utility infrastructure [2]. - The company aims to invest $50 billion over the next 10 years to support the adoption of electric vehicles, aligning with its long-term operating earnings growth target of 6-8% [2]. Group 2: Renewable Energy Initiatives - DTE Energy is decommissioning coal-fired power plants, having already shut down all 11 units from its Trenton Channel, River Rouge, and St. Clair facilities, which reduces carbon emissions [4]. - The company plans to eliminate coal use by 2032 and targets net-zero carbon emissions for its electric and gas utility operations by 2050 [4]. - DTE Vantage, a non-utility segment, expects to invest $1-1.5 billion in renewable energy and customized energy solutions from 2024 to 2028 [3]. Group 3: Challenges and Risks - DTE Energy faces potential negative impacts from rate revisions by the Federal Energy Regulatory Commission and the Michigan Public Service Commission, which may affect cost recovery [5]. - The company anticipates ongoing difficulties in its Energy Trading business due to commodity price fluctuations and regulatory changes [6]. Group 4: Stock Performance - Over the past six months, DTE Energy's stock has increased by 5.2%, outperforming the industry growth of 1.3% [7].

DTE's Local Investment and Economic Impact - DTE spent $3.3 billion with Michigan businesses in 2024, creating and sustaining nearly 14,000 jobs across the state [2] - Since 2010, DTE has invested $24 billion with Michigan-based suppliers, creating or sustaining 92,000 Michigan jobs [2][6] - In 2024, DTE spent nearly $1 billion with certified diverse suppliers, contributing to job creation in Michigan [3] - DTE has earned over 72 supplier diversity industry awards since 2018 and partners with organizations like the National Minority Supplier Development Council and the Great Lakes Women's Business Council [3] Detroit Voltage's Growth and Community Impact - Detroit Voltage has installed hundreds of EV charging stations on behalf of DTE, highlighting its community-focused and forward-thinking business model [1] - The company recently won a contract to provide public safety and field support after large storms and is currently staffing up for this new opportunity [1] - Detroit Voltage's collaboration with DTE has generated good-paying job opportunities, positively impacting the local economy [4] - The company's founder, Deana Neely, mentors other female business owners and is finishing a book on launching a construction business [4] DTE's Regional Economic Contributions - In Southeast Michigan and Metro Detroit, DTE bought $2.53 billion in goods and services from 1,001 companies, generating or supporting at least 11,000 jobs [10] - In West Michigan, DTE spent $138 million with 167 companies, creating or sustaining over 550 jobs [10] - In Northern Michigan, DTE invested over $20 million with 108 companies, positively impacting about 90 jobs [10] - In South Michigan, DTE partnered with 275 companies, spending $286 million and adding or maintaining 1,200 jobs [10] - In Central Michigan, DTE invested $176 million with 94 companies, creating or sustaining 700 jobs [10] - In the Thumb Region, DTE spent $137 million with 118 companies, positively impacting 600 jobs [10] - In the Upper Peninsula, DTE partnered with 48 businesses, spending $31 million and generating or supporting about 140 jobs [10] DTE's Commitment to Local and Diverse Suppliers - DTE is a founding member of Pure Michigan Business Connect, which encourages businesses to buy from Michigan suppliers and connects local companies with in-state opportunities [5] - The company hosts outreach events to meet diverse business owners and connect them with new opportunities, helping entrepreneurs build capacity for growth [8] - DTE's investments in local and diverse companies contribute to a thriving statewide economy and enable the delivery of higher quality, lower-cost services to customers [5]