DTB Company Report

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Research analysts covering DTB.

Recent press releases and 8-K filings for DTB.

DTB Announces Q3 2025 Results, Enhanced Long-Term Plan, and Major Data Center Agreement

DTB

Earnings

Guidance Update

New Projects/Investments

DTB reported Q3 2025 operating earnings of $2.25 per share and is on track to achieve the high end of its 2025 operating EPS guidance range. The company provided a 2026 early outlook of $7.59 to $7.73 per share, reflecting 6%-8% operating EPS growth over the 2025 guidance midpoint, with confidence to deliver at the high end.
The company announced an enhanced five-year plan extending through 2030, targeting 6%-8% operating EPS growth annually, with a bias towards the high end. This plan includes a $6.5 billion increase in the five-year capital investment compared to the prior plan.
A key driver of the increased capital plan is a finalized agreement to support 1.4 GW of data center load. DTB is also in late-stage negotiations for an additional 3 GW and has a pipeline of 3 GW-4 GW beyond that, which could provide further upside to the capital plan and EPS growth.
To support the increased capital plan, DTB is targeting annual equity issuances of $500 million-$600 million from 2026 through 2028. The company also aims for a strategic shift, with utility operating earnings increasing to 93% of overall earnings by 2030.

Oct 30, 2025, 12:30 PM

DTB Reports Strong Q3 2025 Results, Announces Significant Data Center Agreement, and Updates Long-Term Plan

DTB

Earnings

Guidance Update

New Projects/Investments

DTB reported Q3 2025 operating earnings of $468 million, or $2.25 per share, and is well-positioned to achieve the high end of its 2025 operating EPS guidance range.
The company provided a 2026 operating EPS outlook of $7.59 to $7.73 per share, reflecting 6% to 8% growth over the 2025 guidance midpoint, and expects to deliver at the higher end of this range.
DTB finalized an agreement to support 1.4 gigawatts of data center load and is in late-stage negotiations for an additional 3 gigawatts, with a further pipeline of 3 to 4 gigawatts.
The five-year capital investment plan has been increased by $6.5 billion compared to the prior plan, driven by the data center transaction and utility asset modernization.
The updated plan targets 6% to 8% operating EPS growth through 2030, with a strategic shift towards higher quality utility earnings, aiming for utility operating earnings to reach 93% of overall earnings by 2030.

Oct 30, 2025, 12:30 PM

DTE Energy Reports Q3 2025 Results, Updates Capital Plan, and Provides Long-Term Outlook

DTB

Earnings

Guidance Update

New Projects/Investments

DTE Energy reported $468 million in operating earnings, or $2.25 per share, for the third quarter of 2025.
The company is well-positioned to achieve the high end of its 2025 operating EPS guidance and provided a 2026 early outlook of $7.59 to $7.73 per share, representing 6% to 8% growth over the 2025 guidance midpoint.
DTE Energy introduced an enhanced five-year plan through 2030, targeting 6% to 8% operating EPS growth and increasing its five-year capital investment plan by $6.5 billion compared to the prior plan.
A significant driver of the increased capital plan is a finalized agreement to support 1.4 gigawatts of data center load, with an additional 3 gigawatts in late-stage negotiations and a pipeline of 3 to 4 gigawatts.
To support the increased capital investment plan, the company plans annual equity issuances of $500 million to $600 million from 2026 through 2028.

Oct 30, 2025, 12:30 PM

DTB Reports Q3 2025 Operating Earnings, Updates Guidance, and Announces Significant Capital Investment Increase

DTB

Earnings

Guidance Update

New Projects/Investments

DTB reported Q3 2025 operating earnings of $468 million and operating EPS of $2.25.
The company is positioned to achieve the high end of its 2025 operating EPS guidance of $7.09 - $7.23 and provided a 2026 early outlook of $7.59 - $7.73, targeting 6% - 8% growth over the 2025 guidance midpoint.
DTB announced a $6.5 billion increase to its 5-year capital investment plan, primarily driven by a 1.4 GW data center agreement and utility asset modernization, with an additional ~3 GW in late-stage negotiations.
The company maintains a long-term operating EPS growth rate target of 6% - 8% through 2030 and aims for utility operating earnings to comprise 93% of overall earnings by 2030.