DTE Energy(DTE) - 2025 Q4 - Annual Results

Financial Performance - The company reported 2025 earnings of nearly $1.5 billion, or $7.03 per diluted share, an increase from $1.4 billion, or $6.77 per diluted share in 2024[3]. - Operating earnings for 2025 were $1.5 billion, or $7.36 per diluted share, compared to $1.4 billion, or $6.83 per diluted share in 2024[3]. - DTE Energy Company's net income attributable to the company for the three months ended December 31, 2025, was $369 million, an increase from $292 million in the same period of 2024, representing a 26.4% growth[14]. - For the twelve months ended December 31, 2025, DTE Energy reported a net income of $1,462 million, up from $1,404 million in 2024, indicating a 4.1% year-over-year growth[19]. - The DTE Gas segment reported a net income of $295 million for the twelve months ended December 31, 2025, unchanged from the previous year[19]. - The DTE Vantage segment's net income for the twelve months ended December 31, 2025, was $154 million, an increase from $135 million in 2024, marking a 14.1% growth[19]. - The Energy Trading segment's net income for the twelve months ended December 31, 2025, was $123 million, down from $125 million in 2024, reflecting a 1.6% decline[19]. - DTE Energy's diluted EPS for the twelve months ended December 31, 2025, was $7.03, compared to $6.77 in 2024, representing a 3.8% increase[21]. - The DTE Electric segment's reported pre-tax income for the twelve months ended December 31, 2025, was $1,158 million, compared to $1,072 million in 2024, a 8.0% increase[19]. - Corporate and Other segment reported a net loss of $268 million for the twelve months ended December 31, 2025, compared to a loss of $185 million in 2024[19]. - DTE Energy's overall operating earnings for the twelve months ended December 31, 2025, were $1,530 million, up from $1,416 million in 2024, indicating an 8.0% increase[19]. Capital Investments - DTE Energy made record capital investments of over $4.3 billion in 2025, with DTE Electric investing over $3.6 billion and DTE Gas investing $661 million[2][3]. - DTE invested $2.9 billion in local businesses in 2025, including a record $1.1 billion with Detroit suppliers, creating an estimated 13,000 jobs[6]. Customer Support and Community Engagement - DTE connected vulnerable customers to $125 million in energy assistance and donated $15 million to support residents in need[6][7]. - DTE Energy Foundation granted $300,000 to food programs to address food insecurity amid economic challenges[7]. Operational Improvements - DTE Electric achieved a 60% improvement in outage time in 2025, building on a 70% reduction from 2023 to 2024[6]. - DTE Gas upgraded over 180 miles of gas main with more efficient and durable pipe, enhancing safety and reliability while preventing leaks[6]. Future Guidance - The company confirmed its 2026 operating EPS guidance of $7.59 - $7.73, reflecting a disciplined strategy and commitment to delivering value[8]. Strategic Agreements - DTE secured a landmark agreement to power Oracle's new data center, providing 1.4 gigawatts of load, which is expected to deliver significant affordability benefits for customers[4][6].