DTE Energy Company has completed the sale of $600 million in 2025 Series H 6.25% Junior Subordinated Debentures, which are due in 2085. These debentures were registered under the Securities Act of 1933 and issued in accordance with an Amended and Restated Indenture from April 2001, supplemented by a Supplemental Indenture dated September 15, 2025.
The filing includes the necessary documentation related to the sale of the debentures, as required under the Securities Exchange Act of 1934. This transaction may impact the company's financial position and capital structure, which could be relevant for investors monitoring DTE Energy's market performance.
linkSep 17, 2025 16:17:36
DTE Energy Company has approved amendments to its Executive Severance Allowance Plan, enhancing benefits for the Chief Executive Officer in the event of termination without cause. The updated plan includes 24 months of COBRA continuation coverage and a lump sum payment of 200% of base pay.
Additionally, the company has entered into new Change in Control Severance Agreements with its executive officers, providing severance compensation if their employment is terminated within two years following a change in control. These agreements aim to ensure management continuity and align executive interests with shareholders during corporate transactions. Indemnification Agreements have also been established for executives and non-employee directors to cover legal liabilities incurred due to their service to the company.
linkSep 16, 2025 16:16:49
DTE Energy Company has scheduled an investor meeting for August 20, 2025, where it will present its operating earnings guidance for the year. A slide presentation related to this meeting will be available on the company's website starting August 18, 2025. The presentation will outline the anticipated operating earnings, although it will not include reconciliations to reported earnings due to the uncertainty of specific future items that may affect results.
The company notes that certain non-recurring items and adjustments could significantly impact reported earnings, but it is unable to provide reliable forecasts for these line items. As a result, investors should be aware that actual results may vary from the guidance provided. The information shared in this report is not subject to the liabilities of the Securities Exchange Act and should be considered alongside other SEC filings for a comprehensive understanding of the company's financial outlook.
linkAug 18, 2025 16:20:00
DTE Energy has provided the financial statements for its subsidiary, DTE Gas Company, for the quarter ending June 30, 2025. The financial statements, which are unaudited, include consolidated statements of operations, comprehensive income, financial position, cash flows, and changes in shareholder equity. DTE Gas serves approximately 1.3 million customers in Michigan and is regulated by various agencies. The statements reflect necessary adjustments to present a fair view of the interim results, although they may not indicate future performance.
As of June 30, 2025, DTE Gas reported federal income tax payables of $5 million and receivables of $19 million with DTE Energy. The company also noted uncollectible expenses of $7 million for the quarter, which is an increase from the previous year, and has established allowances for doubtful accounts based on historical data and current economic conditions. Recent tax law changes under the One Big Beautiful Bill Act are not expected to significantly impact the company's financial results for 2025.
linkJul 31, 2025 16:20:38
DTE Energy Company will hold an investor meeting on July 8, 2025, where it will present its operating earnings guidance for the year. The company has provided a slide presentation related to this guidance, which is accessible on its website. Specific reconciliations to reported earnings for 2025 will not be provided due to the variability of certain items that may affect reported results, including non-recurring items and market adjustments.
The filing clarifies that the information shared is not intended to be considered 'filed' under the Securities Exchange Act and does not carry liabilities associated with such filings. Investors are advised to review the 'Forward-Looking Statements' section in DTE Energy's recent SEC reports for further context on the risks and uncertainties that may impact future results.
linkJul 07, 2025 16:18:02
DTE Energy has announced that Joi Harris will become the new President and Chief Executive Officer, effective September 8, 2025, succeeding Jerry Norcia, who will transition to Executive Chairman of the Board. The Board of Directors unanimously elected Harris, who has a 34-year history with DTE, to lead the company. Norcia expressed his support for Harris, highlighting her strategic thinking and operational excellence during her tenure at DTE, which includes significant improvements in electric reliability and advancements in renewable energy projects.
As Executive Chairman, Norcia will continue to advise Harris and maintain his involvement in Michigan communities through various leadership roles. DTE Energy serves 2.3 million electric customers and 1.3 million natural gas customers in Michigan and is focused on modernizing infrastructure and reducing carbon emissions. The company is committed to enhancing customer service and expanding energy assistance programs, such as the Michigan Energy Assistance Program, which aims to double the number of eligible customers over the next five years.
linkJun 23, 2025 16:28:57
DTE Energy has set a 2025 operating earnings per share (EPS) guidance midpoint that indicates a 7% growth over the original guidance midpoint for 2024. The company aims for a long-term operating EPS growth rate target of 6% to 8% through 2029, supported by its $30 billion capital investment plan, which focuses on enhancing reliability and transitioning to cleaner energy sources. The company also reported a significant improvement in customer outage times, achieving nearly a 60% reduction in the time customers spent without power year-to-date in 2025 compared to the previous year.
DTE Energy is focusing on increased utility investments and has shifted its DTE Vantage growth strategy toward more utility-like, long-term projects. The company has also made substantial investments in Michigan, supporting local economic development and job growth. Notably, DTE's commitment to renewable energy development is expected to continue, with plans to add substantial renewable generation capacity in the coming years. The company maintains a strong balance sheet and solid investment-grade credit ratings, which support its ongoing investment initiatives.
linkMay 16, 2025 16:21:28
DTE Gas Company reported an increase in operating revenues for 2024, reaching $1,783 million, a rise of $57 million from 2023. The increase was attributed to various factors including infrastructure recovery mechanisms and midstream storage revenues. However, gas sales volumes decreased due to unfavorable weather conditions. Operating income for 2024 was $438 million, slightly down from $472 million in 2023, while net income decreased to $259 million from $294 million in the previous year.
On the expense side, the company saw a rise in costs, with operating expenses totaling $1,345 million in 2024, compared to $1,254 million in 2023. This increase was driven by higher costs of gas and operation and maintenance expenses, including one-time costs related to a voluntary separation incentive program. Additionally, income tax expense decreased by $15 million in 2024, reflecting lower earnings. The company’s total assets grew to $8,394 million in 2024, up from $7,660 million in 2023, indicating a positive shift in financial position.
linkFeb 28, 2025 16:15:58
DTE Energy announced several positive accomplishments for 2024, including a reported earnings figure of $1.4 billion, or $6.77 per diluted share, which showed a slight increase from the previous year. The company successfully reduced customer bills by $300 million, invested $4.4 billion in infrastructure improvements, and achieved a nearly 70% reduction in the time customers spent without power. Additionally, DTE connected vulnerable customers to $144 million in energy assistance and launched its largest solar park, contributing to cleaner energy production while creating nearly 14,000 jobs in Michigan.
However, the report also highlighted some negative aspects, particularly in the performance of the Energy Trading segment, which saw a significant decline in earnings compared to the previous year. The segment reported earnings of $39 million, down from $64 million, indicating challenges in that area. Furthermore, the Corporate and Other segment reported a net loss of $102 million, which reflects ongoing operational costs that are not directly tied to the utility's core services. Despite these challenges, DTE's overall financial performance and commitment to infrastructure investment remain noteworthy.
linkFeb 13, 2025 06:49:02
DTE Energy has appointed Casey Santos to its board of directors, effective February 6, 2025. Santos brings over 25 years of experience as an executive leader, having held significant roles at Caliber and Asurion, among others. Her background includes expertise in innovation, digital transformation, and cybersecurity, which DTE Energy's CEO Jerry Norcia believes will be crucial for the company's future initiatives in energy delivery and grid modernization. Santos's strong educational background includes degrees from MIT and the University of Pennsylvania, and she has been recognized for her leadership in technology.
On the other hand, the press release does not mention any specific financial metrics or challenges currently facing DTE Energy. While the appointment of Santos is presented positively, there are no details provided about the company's performance or any ongoing issues that may impact its operational or financial outlook. This lack of information may leave stakeholders wanting more context regarding the company's current state and future direction.
linkFeb 07, 2025 16:32:12