Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $25.18B|Employees: 9.9K
DTE Energy Company is a diversified energy company with utility operations primarily through DTE Electric and DTE Gas. DTE Electric is a public utility engaged in the generation, purchase, distribution, and sale of electricity in southeastern Michigan, while DTE Gas is a public utility engaged in the purchase, storage, transportation, distribution, and sale of natural gas throughout Michigan. DTE Energy also has non-utility operations through DTE Vantage and Energy Trading.
Net income attributable to DTE Energy Company increased from $313 million in Q1 2024 to $445 million in Q1 2025. This significant increase reflects improved financial performance across various segments.
DTE Electric's net income decreased from $170 million in Q1 2024 to $121 million in Q1 2025, despite operating revenues remaining relatively stable at $1.46 billion and $1.45 billion, respectively. This suggests increased costs or other deductions are impacting profitability.
DTE Energy's operating revenues increased substantially from $3.24 billion to $4.44 billion, driven by a significant increase in non-utility operations. Utility operations saw a smaller increase, indicating that growth is primarily coming from non-regulated segments.