DTE Energy reports second quarter accomplishments, investments and earnings
DTE Energy (NYSE: DTE) reported Q2 2025 operating earnings of $283 million ($1.36 per share), down from $296 million ($1.43 per share) in Q2 2024. The company has invested $1.8 billion in the first half of 2025 and plans to reach $4.4 billion in total utility investments this year.
Key developments include breaking ground on the 100-megawatt Cold Creek Solar Park and launching operations at the 80-megawatt Pine River Solar Park. DTE has achieved a 75% improvement in outage duration since 2023 and aims to reduce outages by 30% and customer downtime by 50% by 2029. The company confirmed its 2025 operating EPS guidance of $7.09-$7.23.
DTE Energy (NYSE: DTE) ha riportato utili operativi nel secondo trimestre 2025 pari a 283 milioni di dollari (1,36 dollari per azione), in calo rispetto ai 296 milioni di dollari (1,43 dollari per azione) del secondo trimestre 2024. L'azienda ha investito 1,8 miliardi di dollari nella prima metà del 2025 e prevede di raggiungere un totale di 4,4 miliardi di dollari in investimenti nel settore utility entro la fine dell'anno.
Tra i principali sviluppi, l'avvio dei lavori per il parco solare Cold Creek da 100 megawatt e l'inizio delle operazioni presso il parco solare Pine River da 80 megawatt. DTE ha ottenuto un miglioramento del 75% nella durata delle interruzioni rispetto al 2023 e punta a ridurre le interruzioni del 30% e i tempi di inattività dei clienti del 50% entro il 2029. L'azienda ha confermato la guidance sugli utili operativi per azione del 2025, fissata tra 7,09 e 7,23 dollari.
DTE Energy (NYSE: DTE) reportó ganancias operativas en el segundo trimestre de 2025 de 283 millones de dólares (1,36 dólares por acción), una disminución respecto a los 296 millones de dólares (1,43 dólares por acción) del segundo trimestre de 2024. La compañía ha invertido 1,8 mil millones de dólares en la primera mitad de 2025 y planea alcanzar un total de 4,4 mil millones de dólares en inversiones en servicios públicos este año.
Entre los desarrollos clave se encuentran el inicio de la construcción del Parque Solar Cold Creek de 100 megavatios y el lanzamiento de operaciones en el Parque Solar Pine River de 80 megavatios. DTE ha logrado una mejora del 75% en la duración de las interrupciones desde 2023 y apunta a reducir las interrupciones en un 30% y el tiempo de inactividad de los clientes en un 50% para 2029. La compañía confirmó su guía de ganancias operativas por acción para 2025 de 7,09 a 7,23 dólares.
DTE 에너지 (NYSE: DTE)는 2025년 2분기 영업이익이 2억 8,300만 달러(주당 1.36달러)로 2024년 2분기의 2억 9,600만 달러(주당 1.43달러)에서 감소했다고 보고했습니다. 회사는 2025년 상반기에 18억 달러를 투자했으며, 올해 총 유틸리티 투자액을 44억 달러로 늘릴 계획입니다.
주요 개발 사항으로는 100메가와트 콜드 크릭 태양광 공원 착공과 80메가와트 파인 리버 태양광 공원 운영 개시가 포함됩니다. DTE는 2023년 이후 정전 지속 시간을 75% 개선했으며, 2029년까지 정전 건수를 30%, 고객 다운타임을 50% 줄이는 것을 목표로 하고 있습니다. 회사는 2025년 영업 주당순이익 가이던스를 7.09~7.23달러로 확정했습니다.
DTE Energy (NYSE : DTE) a annoncé un bénéfice opérationnel au deuxième trimestre 2025 de 283 millions de dollars (1,36 dollar par action), en baisse par rapport à 296 millions de dollars (1,43 dollar par action) au deuxième trimestre 2024. La société a investi 1,8 milliard de dollars au premier semestre 2025 et prévoit d'atteindre un total de 4,4 milliards de dollars d'investissements dans les services publics cette année.
Les développements clés incluent le lancement des travaux du parc solaire Cold Creek de 100 mégawatts et le démarrage des opérations du parc solaire Pine River de 80 mégawatts. DTE a réalisé une amélioration de 75% de la durée des pannes depuis 2023 et vise à réduire les pannes de 30% et le temps d'indisponibilité des clients de 50% d'ici 2029. La société a confirmé ses prévisions de bénéfice opérationnel par action pour 2025, comprises entre 7,09 et 7,23 dollars.
DTE Energy (NYSE: DTE) meldete für das zweite Quartal 2025 operative Gewinne von 283 Millionen US-Dollar (1,36 US-Dollar pro Aktie), was einen Rückgang gegenüber 296 Millionen US-Dollar (1,43 US-Dollar pro Aktie) im zweiten Quartal 2024 darstellt. Das Unternehmen investierte in der ersten Hälfte des Jahres 2025 1,8 Milliarden US-Dollar und plant, in diesem Jahr insgesamt 4,4 Milliarden US-Dollar in Versorgungsinvestitionen zu tätigen.
Zu den wichtigsten Entwicklungen zählen der Baubeginn des 100-Megawatt Cold Creek Solarparks und die Aufnahme des Betriebs des 80-Megawatt Pine River Solarparks. DTE hat seit 2023 eine 75%ige Verbesserung bei der Ausfalldauer erreicht und strebt bis 2029 eine Reduzierung der Ausfälle um 30% sowie der Kunden-Ausfallzeiten um 50% an. Das Unternehmen bestätigte seine Prognose für das operative Ergebnis je Aktie 2025 von 7,09 bis 7,23 US-Dollar.
- Significant infrastructure investment of $1.8 billion in H1 2025, on track for $4.4 billion annual investment
- 75% improvement in outage duration since 2023 through grid improvements
- Expansion of renewable energy portfolio with two new solar parks totaling 180 megawatts
- Received Edison Electric Institute's 2025 Business Development Innovation Award
- Maintained 2025 operating EPS guidance of $7.09-$7.23
- Q2 2025 operating earnings declined to $283 million from $296 million in Q2 2024
- Operating EPS decreased to $1.36 from $1.43 year-over-year
Insights
DTE's Q2 shows declining YoY earnings amid substantial grid investments aimed at significantly improving reliability metrics by 2029.
DTE Energy's second quarter results reveal a strategic focus on substantial infrastructure investment, with
Looking at the financial performance, Q2 2025 saw diluted EPS of
The company's grid reliability investments are producing measurable results, with a
Renewable energy expansion continues with two significant solar projects: the 100MW Cold Creek Solar Park (construction phase) and the newly operational 80MW Pine River Solar Park. The latter adds capacity to power approximately 20,000 homes, highlighting DTE's commitment as Michigan's largest renewable energy producer.
Management has maintained its 2025 operating EPS guidance range of
- Continued substantial investment to improve reliability and transition to cleaner generation; on track to invest
$4.4 billion - Invested
$1.8 billion - Broke ground on Cold Creek Solar Park
- Began operations of Pine River Solar Park
- Recognized by Edison Electric Institute with its 2025 Business Development Innovation Award
The company also reported second quarter earnings of
"We will continue making these significant investments, providing even more reliable, affordable and cleaner energy for our customers, which is critical to
Norcia also noted the following accomplishments:
- Invested
$1.8 billion 75% improvement in the duration of outages due to continued investment in the grid, process improvements and less severe weather. Continued progress in 2025 gives DTE confidence to achieve the goal of reducing outages by30% and the amount of time customers spend without power by50% by 2029. - Broke ground on Cold Creek Solar Park: As Michigan's largest producer of and investor in renewable energy, DTE began construction of Cold Creek Solar Park, a 100-megawatt solar array located near
Coldwater, MI , in April. When completed in 2026, the solar park will be the first of several DTE parks to help Ford Motor Company reach its goal of attributing 100 percent carbon-free and renewable energy to itsMichigan manufacturing facilities. - Began operations of Pine River Solar Park: DTE began operations of its 80-megawatt Pine River Solar Park, located in mid-
Michigan's Pine River Township. Pine River Solar has more than 180,000 solar panels and will generate enough clean energy to power nearly 20,000 homes. It is the second of DTE's three new solar parks to be connected to the electric grid in 2025. - Recognized by Edison Electric Institute with the 2025 Business Development Innovation Award: The Edison Electric Institute (EEI) presented DTE with its 2025 Business Development Innovation Award for implementing innovative business inclusion practices that benefit companies and small local suppliers. Specifically, EEI cited the company's narrative storytelling to help drive internal and external collaboration and connect local businesses to development opportunities.
Outlook for 2025
DTE Energy confirms 2025 operating EPS guidance of
"Thanks to our strong performance in 2025, we can continue making significant strides strengthening our energy infrastructure and transforming the way we generate power – so it will be safer, cleaner, more reliable and more affordable for our customers and communities for decades to come," said David Ruud, DTE executive vice president and CFO.
This earnings announcement and presentation slides are available at dteenergy.com/investors.
The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET. 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
About DTE Energy
DTE Energy (NYSE:DTE) is a
Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a meaningful representation of the company's earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company's net income and the most comparable GAAP measure. In this release, DTE Energy discusses 2025 operating earnings guidance. It is likely that certain items that impact the company's 2025 reported results will be excluded from operating results. Reconciliations to the comparable 2025 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any information contained in this document as a result of new information or future events or developments. Certain information presented herein includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, and businesses of DTE Energy. Words such as "anticipate," "believe," "expect," "may," "could," "projected," "aspiration," "plans" and "goals" signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to numerous assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in DTE Energy's geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy's energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce or increase power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning trust and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation, tariffs, and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of generation and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve goals for carbon emission reductions; and the risks discussed in DTE Energy's public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.
DTE Energy Company | |||||||||||||||||||
Segment Net Income (Unaudited) | |||||||||||||||||||
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Three Months Ended June 30, | |||||||||||||||||||
2025 | 2024 | ||||||||||||||||||
Reported | Pre-tax | Income | Operating | Reported | Pre-tax | Income | Operating | ||||||||||||
(In millions) | |||||||||||||||||||
DTE Electric segment | $ 318 | $ — | $ — | $ 318 | $ 278 | $ 1 | C | $ — | $ 279 | ||||||||||
DTE Gas segment | 6 | — | — | 6 | 12 | — | — | 12 | |||||||||||
Non-utility operations | |||||||||||||||||||
DTE Vantage segment | 31 | — | — | 31 | 33 | (25) | D | 6 | 14 | ||||||||||
Energy Trading segment | (16) | 54 | A | (14) | 24 | 39 | (10) | A | 2 | 31 | |||||||||
Non-utility operations | 15 | 54 | (14) | 55 | 72 | (35) | 8 | 45 | |||||||||||
Corporate and Other | (110) | — | 14 | B | (96) | (40) | — | — | (40) | ||||||||||
Net Income Attributable to DTE Energy Company | $ 229 | $ 54 | $ — | $ 283 | $ 322 | $ (34) | $ 8 | $ 296 | |||||||||||
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(1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||
Adjustments key | |||||||||||||||||||
A) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility | |||||||||||||||||||
B) Adjustment to Income Tax Expense due to a tax law change in | |||||||||||||||||||
C) One-time costs resulting from the voluntary separation incentive program — recorded in Operating Expenses — Operation and maintenance | |||||||||||||||||||
D) Gain on sale of equity investment — recorded in Other (Income) and Deductions |
DTE Energy Company | |||||||||||||||||||
Segment Diluted Earnings Per Share (Unaudited)(2) | |||||||||||||||||||
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Three Months Ended June 30, | |||||||||||||||||||
2025 | 2024 | ||||||||||||||||||
Reported | Pre-tax | Income | Operating | Reported | Pre-tax | Income | Operating | ||||||||||||
DTE Electric segment | $ 1.53 | $ — | $ — | $ 1.53 | $ 1.34 | $ — | C | $ — | $ 1.34 | ||||||||||
DTE Gas segment | 0.03 | — | — | 0.03 | 0.06 | — | — | 0.06 | |||||||||||
Non-utility operations | |||||||||||||||||||
DTE Vantage segment | 0.15 | — | — | 0.15 | 0.16 | (0.11) | D | 0.03 | 0.08 | ||||||||||
Energy Trading segment | (0.07) | 0.25 | A | (0.06) | 0.12 | 0.19 | (0.04) | A | — | 0.15 | |||||||||
Non-utility operations | 0.08 | 0.25 | (0.06) | 0.27 | 0.35 | (0.15) | 0.03 | 0.23 | |||||||||||
Corporate and Other | (0.54) | — | 0.07 | B | (0.47) | (0.20) | — | — | (0.20) | ||||||||||
Net Income Attributable to DTE Energy Company | $ 1.10 | $ 0.25 | $ 0.01 | $ 1.36 | $ 1.55 | $ (0.15) | $ 0.03 | $ 1.43 | |||||||||||
(1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||
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(2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations (Unaudited). | |||||||||||||||||||
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Adjustments key — see previous page | |||||||||||||||||||
DTE Energy Company | |||||||||||||||||||
Segment Net Income (Unaudited) | |||||||||||||||||||
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Six Months Ended June 30, | |||||||||||||||||||
2025 | 2024 | ||||||||||||||||||
Reported | Pre-tax | Income | Operating | Reported | Pre-tax | Income | Operating | ||||||||||||
(In millions) | |||||||||||||||||||
DTE Electric segment | $ 441 | $ 33 | A | $ (9) | $ 465 | $ 449 | $ 32 | D | $ (8) | $ 473 | |||||||||
DTE Gas segment | 212 | — | — | 212 | 166 | 8 | D | (2) | 172 | ||||||||||
Non-utility operations | |||||||||||||||||||
DTE Vantage segment | 70 | — | — | 70 | 41 | (25) | E | 6 | 22 | ||||||||||
Energy Trading segment | 51 | 10 | B | (3) | 58 | 40 | (5) | B | 1 | 36 | |||||||||
Non-utility operations | 121 | 10 | (3) | 128 | 81 | (30) | 7 | 58 | |||||||||||
Corporate and Other | (100) | — | 14 | C | (86) | (61) | — | — | (61) | ||||||||||
Net Income Attributable to DTE Energy Company | $ 674 | $ 43 | $ 2 | $ 719 | $ 635 | $ 10 | $ (3) | $ 642 | |||||||||||
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(1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||
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Adjustments key | |||||||||||||||||||
A) MPSC disallowance of power supply costs previously recorded — recorded in Operating Revenues — Utility operations and Other (Income) and Deductions | |||||||||||||||||||
B) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility | |||||||||||||||||||
C) Adjustment to Income Tax Expense due to a tax law change in | |||||||||||||||||||
D) One-time costs resulting from the voluntary separation incentive program — recorded in Operating Expenses — Operation and maintenance | |||||||||||||||||||
E) Gain on sale of equity investment — recorded in Other (Income) and Deductions |
DTE Energy Company | |||||||||||||||||||
Segment Diluted Earnings Per Share (Unaudited)(2) | |||||||||||||||||||
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Six Months Ended June 30, | |||||||||||||||||||
2025 | 2024 | ||||||||||||||||||
Reported | Pre-tax | Income | Operating | Reported | Pre-tax | Income | Operating | ||||||||||||
DTE Electric segment | $ 2.12 | $ 0.16 | A | $ (0.04) | $ 2.24 | $ 2.17 | $ 0.15 | D | $ (0.04) | $ 2.28 | |||||||||
DTE Gas segment | 1.02 | — | — | 1.02 | 0.80 | 0.04 | D | (0.01) | 0.83 | ||||||||||
Non-utility operations | |||||||||||||||||||
DTE Vantage segment | 0.34 | — | — | 0.34 | 0.20 | (0.11) | E | 0.03 | 0.12 | ||||||||||
Energy Trading segment | 0.25 | 0.04 | B | (0.01) | 0.28 | 0.19 | (0.02) | B | 0.17 | ||||||||||
Non-utility operations | 0.59 | 0.04 | (0.01) | 0.62 | 0.39 | (0.13) | 0.03 | 0.29 | |||||||||||
Corporate and Other | (0.49) | — | 0.07 | C | (0.42) | (0.30) | — | (0.30) | |||||||||||
Net Income Attributable to DTE Energy Company | $ 3.24 | $ 0.20 | $ 0.02 | $ 3.46 | $ 3.06 | $ 0.06 | $ (0.02) | $ 3.10 | |||||||||||
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(1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. | |||||||||||||||||||
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(2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations (Unaudited). | |||||||||||||||||||
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Adjustments key — see previous page | |||||||||||||||||||
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SOURCE DTE Energy
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