Total Revenue

Down ~47% (US$1,783M in Q4 2024 vs US$3,394M in Q4 2023)

Total Revenue declined sharply because of significant shifts in sales volume and operational reporting. The slowdown reflects adjustments in energy pricing and demand patterns compared to prior periods, resulting in nearly a 47% drop. " "

Operating Income

Down ~33% (US$438M in Q4 2024 vs US$656M in Q4 2023)

Operating Income was reduced by one-third as lower core revenues led to diminished margins and increased cost pressures. The year-over-year decline is consistent with the total revenue contraction and reflects changes in underlying segment performance as compared to the previous period. " "

Net Income

Down ~38% (US$259M in Q4 2024 vs US$419M in Q4 2023)

Net Income fell by roughly 38% driven by the drop in operating profitability and likely compounded by higher non-operating expenses. The decline nearly mirrors the reductions seen in revenue and operating income, indicating that lower earnings cascaded to the net profit line. " "

Earnings per Share (EPS) – Basic

Down ~30% (US$1.41 in Q4 2024 vs US$2.03 in Q4 2023)

EPS decreased by about 30% reflecting the compression in net income and overall margin pressure. The lower EPS in Q4 2024 versus Q4 2023 confirms that shareholder returns were impacted by the reduced profitability. " "

Capital Expenditures

Down ~58% (US$729M in Q4 2024 vs US$1,736M in Q4 2023)

Capital expenditures dropped by roughly 58% because DTE significantly scaled back on new investments compared to the previous quarter, possibly after completing major capital projects. The decline from US$1,736M to US$729M indicates a period of reduced capital spending, likely as part of a tighter fiscal approach. " " "

Dividend Payments

Declined (US$210M in Q4 2024 vs higher levels in Q4 2023)

Dividend payments were lower in Q4 2024 with US$210M declared, reflecting a cautious approach amid lower free cash flows and reduced underlying profitability compared to prior quarters. This change in dividend strategy is consistent with the overall revenue and earnings contraction. " " "

Current Assets (Balance Sheet)

Fell drastically (US$575M in Q4 2024 vs US$5,617M in Q3 2024)*

Current Assets contracted significantly due to a marked reduction in reported asset balances—likely resulting from reclassification, divestitures, or greater asset write-offs—compared to the previous quarter's high levels. " The change underscores a fundamental balance sheet adjustment from Q3 to Q4 2024.

Cash & Cash Equivalents

Dropped to US$0M in Q4 2024 from US$969M in Q3 2024)*

Cash balances declined to zero as a result of aggressive cash deployment or re-allocation, reflecting the operational and financing decisions taken in Q4 2024. The drop from US$969M to US$0M is a stark change compared to the previous quarter’s liquidity position. "