Earnings summaries and quarterly performance for DTE ENERGY.
Executive leadership at DTE ENERGY.
Joi Harris
Detailed
President and Chief Executive Officer
CEO
David Ruud
Detailed
Vice Chairman and Chief Financial Officer
Gerardo Norcia
Detailed
Executive Chairman
JoAnn Chavez
Detailed
Senior Vice President and Chief Legal Officer
Lisa Muschong
Detailed
Vice President, Corporate Secretary and Chief of Staff
Mark Stiers
Detailed
President and Chief Operating Officer, DTE Vantage and Energy Trading
Matthew Paul
Detailed
President and Chief Operating Officer, DTE Electric Company
Robert Richard
Detailed
President and Chief Operating Officer, DTE Gas Company
Tracy Myrick
Detailed
Chief Accounting Officer
Trevor Lauer
Detailed
Vice Chairman and Group President
Board of directors at DTE ENERGY.
Cassandra Santos
Detailed
Director
Charles McClure Jr.
Detailed
Director
David Brandon
Detailed
Director
David Thomas
Detailed
Director
Deborah Byers
Detailed
Director
Gail McGovern
Detailed
Director
Gary Torgow
Detailed
Director
Mark Murray
Detailed
Lead Independent Director
Nicholas Akins
Detailed
Director
Robert Skaggs Jr.
Detailed
Director
Valerie Williams
Detailed
Director
Research analysts who have asked questions during DTE ENERGY earnings calls.
David Arcaro
Morgan Stanley
4 questions for DTE
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Durgesh Chopra
Evercore ISI
4 questions for DTE
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Jeremy Tonet
JPMorgan Chase & Co.
4 questions for DTE
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Travis Miller
Morningstar
4 questions for DTE
Also covers: CMS, ES, ETR +10 more
Andrew Weisel
Scotiabank
3 questions for DTE
Also covers: AEP, BKH, CEG +13 more
Nicholas Campanella
Barclays
3 questions for DTE
Also covers: AEE, AEP, AES +32 more
Shahriar Pourreza
Guggenheim Partners
3 questions for DTE
Also covers: AEE, AEP, AVA +29 more
Sophie Karp
KeyBanc Capital Markets Inc.
3 questions for DTE
Also covers: AGR, AVA, CEG +12 more
Agnieszka Storozynski
BofA Securities
1 question for DTE
Also covers: AES, AGR, AWK +11 more
Anthony Crowdell
Mizuho Financial Group
1 question for DTE
Also covers: AEE, AEP, AES +30 more
Julien Dumoulin-Smith
Jefferies
1 question for DTE
Also covers: AEE, AEP, AES +54 more
Konstantin Lednev
Guggenheim Partners
1 question for DTE
Also covers: CNP, EIX, ETR +4 more
Paul Fremont
Ladenburg Thalmann
1 question for DTE
Also covers: AEE, CNP, CPK +17 more
Paul Zimbardo
Jefferies Financial Group Inc.
1 question for DTE
Also covers: ATO, AWK, CEG +9 more
William Appicelli
UBS
1 question for DTE
Also covers: AEE, AEP, ES +9 more
Recent press releases and 8-K filings for DTE.
DTE Energy updates 2025-26 EPS guidance and expands capital plan
DTE
Guidance Update
New Projects/Investments
- 2025 operating EPS guidance set at $7.09–$7.23 and early 2026 outlook of $7.59–$7.73, reflecting 6–8% growth with confidence in achieving the high end of both ranges.
- 5-year capital plan increased by $6.5 billion to $36.5 billion, driven by data center agreements and cleaner generation investments, aiming to shift utility earnings to 93% of total by 2030.
- Executed a 1.4 GW Oracle data center power agreement (including a 19-year PPA and $2 billion of storage investment) and is in late-stage talks for an additional ~3 GW of load.
- Maintains investment-grade credit ratings (S&P BBB, Moody’s Baa2, Fitch BBB) and targets $500–$600 million of annual equity issuances through 2028 to support growth.
1 day ago
DTE Energy updates 2025 operating EPS guidance and expands investment plan
DTE
Guidance Update
New Projects/Investments
- DTE Energy set its 2025 operating EPS guidance at $7.09–$7.23 and provided a 2026 early outlook of $7.59–$7.73, reflecting 6%–8% growth over the 2025 midpoint and expressing confidence in achieving the high end of both ranges.
- The company increased its 5-year capital investment plan by $6.5 billion to $36.5 billion, driven by data center agreements, cleaner generation projects, and reliability upgrades.
- Executed a 19-year, ~1.4 GW data center power supply agreement supporting a $2 billion energy storage investment, which is expected to deliver ~$300 million in annual affordability benefits to existing customers once fully ramped.
- Maintains an investment-grade credit profile (e.g., DTE Energy at BBB/Baa2/BBB) and is targeting ~15% FFO/Debt, with plans for $500–$600 million of annual equity issuances through 2028 to support its growth agenda.
Nov 7, 2025, 9:16 PM
DTE Energy signs long-term power supply and storage agreements with Oracle subsidiary
DTE
New Projects/Investments
- On October 28, 2025, DTE Electric entered a Primary Supply Agreement with Oracle’s Green Chile Ventures LLC to deliver 1.4 GW of electricity to a new Michigan data center through February 2045, ramping to full delivery by December 2027, with minimum monthly charges and potential early termination fees.
- Simultaneously, DTE Electric executed an Energy Storage Agreement to build and operate 1.4 GW of storage capacity for 15 years (with extension options), with credit support provided by Customer’s parent.
Oct 31, 2025, 8:15 PM
DTE Energy reports Q3 2025 results
DTE
New Projects/Investments
Earnings
Guidance Update
- Recorded $419 million in reported earnings, or $2.01 per diluted share; operating earnings were $468 million or $2.25 per diluted share in Q3 2025, compared with $460 million or $2.22 per share in Q3 2024
- Invested nearly $3 billion through the first three quarters of 2025 and remains on track to invest $4.4 billion in its utilities this year to modernize infrastructure and transition to cleaner generation
- Executed a 1.4 GW data center agreement with a hyperscaler, funding new energy storage and creating affordability benefits for existing customers
- Confirmed 2025 operating EPS guidance of $7.09 – 7.23 and provided an early 2026 outlook of $7.59 – 7.73 per share
Oct 30, 2025, 11:00 AM
DTE Energy reports Q3 2025 results and 2026 outlook
DTE
Earnings
Guidance Update
New Projects/Investments
- DTE invested nearly $3 billion in its utilities through Q3 2025 and remains on track to invest $4.4 billion in 2025 to modernize infrastructure and transition to cleaner generation.
- Reported Q3 2025 earnings of $419 million ( $2.01 per diluted share) and operating earnings of $468 million ( $2.25 per diluted share).
- Executed a 1.4 GW data center power agreement, with ~3 GW more in late-stage negotiations, driving a $6.5 billion increase to the 5-year capital investment plan.
- Early 2026 operating EPS outlook of $7.09 – $7.23, implying 6 % – 8 % growth over the 2025 guidance midpoint, with confidence in reaching the high end of the range.
Oct 30, 2025, 10:48 AM
DTE Energy amends and restates $1 billion five-year credit facility
DTE
Debt Issuance
- On October 22, 2025, DTE Energy Company entered into a Sixth Amended and Restated Five-Year Credit Agreement replacing its existing revolving facility, with Citibank N.A. as Administrative Agent.
- The syndicated revolving credit facility provides aggregate commitments of $1,000,000,000, maturing October 22, 2030, with Citibank, JPMorgan Chase, Wells Fargo, Bank of America and others as lenders.
- Parallel Sixth Amended and Restated Five-Year Credit Agreements were executed by DTE Gas Company and DTE Electric Company on the same date, on substantially identical terms.
- The agreement permits up to two one-year extension options, subject to lender consent and compliance with covenants such as a maximum Total Funded Debt-to-Capitalization ratio of 0.70:1 for the Borrower.
Oct 28, 2025, 8:17 PM
DTE Energy issues $600M 6.25% junior subordinated debentures due 2085
DTE
Debt Issuance
- On September 17, 2025, DTE Energy Company completed the sale of $600 million aggregate principal amount of its 2025 Series H 6.25% Junior Subordinated Debentures due 2085.
- The Debentures were registered under the Securities Act via the shelf registration on Form S-3 (File No. 333-286383) and issued under the Amended and Restated Indenture dated April 9, 2001, as supplemented by a Supplemental Indenture dated September 15, 2025.
- The Supplemental Indenture establishes a stated maturity of October 1, 2085, a 6.25% annual coupon, subordinated ranking to Senior Indebtedness, and optional redemption at par from October 1, 2030.
- Filed exhibits include the Supplemental Indenture (Exhibit 4.1), DTE’s legal opinion and consent from Senior VP & CLO Kathrine Lorenz (Exhibit 5.1), and Hunton Andrews Kurth LLP’s U.S. federal tax opinion (Exhibit 8.1).
Sep 17, 2025, 8:17 PM
DTE Energy Leadership Transition & Compensation Update
DTE
CEO Change
Board Change
Management Change
CFO Change
Executive Compensation
- DTE’s Board unanimously elects Joi Harris as President and CEO effective September 8, 2025, succeeding Jerry Norcia, who will transition to Executive Chairman.
- Harris’s annual base salary will rise to $1,200,000, with incentive targets of 125% (annual) and 500% (long-term), plus $1,000,000 in restricted shares vesting after three years; meanwhile, Norcia’s salary will decrease to $900,000 (and to $750,000 in 2027) with lower incentive percentages.
- David Ruud, current Executive Vice President and CFO, is appointed Vice Chairman and Chief Financial Officer effective September 8, 2025.
- Harris brings a 34-year track record at DTE and, as President and COO, oversaw a 70% improvement in electric reliability in 2024.
- Norcia, CEO since 2019 and Board Chairman since 2022, will continue serving as Executive Chairman and advisor, maintaining roles on community boards including Henry Ford Health and Business Leaders for Michigan.
- DTE Energy serves 2.3 million electric and 1.3 million gas customers in Michigan while operating diversified energy businesses nationwide.
Jun 23, 2025, 8:30 PM
DTE Energy Announces Q1 2025 Investor and Operational Update
DTE
Guidance Update
New Projects/Investments
- Investor Meeting Update: DTE Energy will meet with investors from May 18-20, 2025, and the related presentation is available on its website as of May 16, 2025.
- Earnings Guidance: The filing outlines revised 2025 operating EPS guidance with a 7% growth over 2024 and a long-term target of 6%-8% operating EPS growth through 2029.
- Capital and Operational Investments: The company is advancing projects to enhance grid reliability, expand renewable energy capacity, and maintain robust cash flows and strong credit ratings.
May 16, 2025, 12:00 AM
DTE Energy Q1 2025 Financial & Operational Highlights
DTE
Earnings
New Projects/Investments
- DTE Energy reported Q1 2025 earnings of $445 million (EPS of $2.14) and operating earnings of $436 million (EPS of $2.10), marking significant improvement .
- The company delivered strong operational performance with a net income of $205 million and net cash provided from operations of $405 million in Q1 2025 .
- In Q1 2025, unaudited financials showed total assets of $8,679 million and shareholder equity of $3,141 million as of March 31, 2025 .
- Disaggregated gas operating revenues reached $868 million, driven by robust gas sales and transportation services .
- DTE Energy invested over $850 million in Q1 2025 and is on track to invest $4.4 billion in 2025 to enhance grid reliability, renewable generation, and natural gas services .
- Key milestones include launching Michigan’s largest battery energy storage system and awarding energy efficiency grants to small businesses .
Quarterly earnings call transcripts for DTE ENERGY.
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