DTE Energy's Q2 Earnings Miss Estimates, Decline Year Over Year

Core Insights - DTE Energy Company reported second-quarter 2025 operating earnings per share (EPS) of $1.36, missing the Zacks Consensus Estimate of $1.37 by 0.7% and declining 4.9% from the previous year's figure of $1.43 [1][7] - The company reported GAAP earnings of $1.10 per share, down from $1.55 in the prior-year quarter [1] Financial Performance - Operating net income for the quarter was $283 million, compared to $296 million in the year-ago period [2] - DTE invested $1.8 billion in the first half of 2025 to enhance electric infrastructure and improve service reliability [2][7] Segment Performance - DTE Electric segment reported earnings of $1.53 per share, an increase from $1.34 in the prior-year quarter [3] - DTE Gas segment recorded earnings of 3 cents per share, down from 6 cents in the year-ago period [3] - Non-Utility Operations reported operating earnings of 27 cents per share, up from 23 cents in the second quarter of 2024 [3] Guidance - DTE Energy reiterated its 2025 operating EPS guidance, expecting it to be in the range of $7.09-$7.23, with the Zacks Consensus Estimate at $7.22, aligning with the higher end of the company's guidance [4][7] Market Position - DTE Energy currently holds a Zacks Rank 3 (Hold) [5]