DTE Energy Company's Stock Analysis

DTE Energy Enters Major Supply and Storage Agreements with Oracle

DTE Energy Company has entered into a Primary Supply Agreement (PSA) and an Energy Storage Agreement (ESA) with Green Chile Ventures LLC, a subsidiary of Oracle Corporation. Under the PSA, DTE Electric will supply approximately 1.4 gigawatts of electric service to a future data center in southeast Michigan, with service expected to ramp up to full delivery by December 2027. The agreement is set to last until February 2045, with options for extension and includes minimum monthly charges and potential termination fees.

The ESA outlines that DTE Electric will build and operate 1.4 gigawatts of energy storage capacity to support the electric service. This operation will last for 15 years, also with options for extension. Oracle's parent company is providing credit support for both agreements, which highlights the financial backing for DTE Electric's commitments to the project.

Oct 31, 2025 16:15:50

DTE Energy Reports Third Quarter Earnings and Investments Update

DTE Energy reported third quarter earnings of $419 million, or $2.01 per diluted share, for the period ending September 30, 2025, a decrease from $477 million, or $2.30 per diluted share, in the same period last year. Operating earnings for the quarter were $468 million, or $2.25 per diluted share, compared to $460 million, or $2.22 per diluted share, in 2024. The company has invested nearly $3 billion in its utilities through the third quarter and remains on track to invest a total of $4.4 billion this year, focusing on upgrading infrastructure and transitioning to cleaner energy sources.

Additionally, DTE Energy executed a significant 1.4 GW data center agreement, which is expected to provide affordability benefits for existing customers. The company has also made efforts to support vulnerable customers during extreme weather conditions with an $800,000 donation to United Way. For the future, DTE Energy confirmed its 2025 operating earnings per share guidance of $7.09 to $7.23 and provided an early outlook for 2026 with a range of $7.59 to $7.73.

Oct 30, 2025 06:48:19

DTE Energy Secures $1.5 Billion Credit Facility with Lenders

DTE Energy Company, along with its subsidiaries DTE Electric and DTE Gas, entered into a new five-year unsecured revolving credit agreement on October 22, 2025. The total commitments under these agreements amount to $1.5 billion for DTE Energy, $1 billion for DTE Electric, and $300 million for DTE Gas, with the facilities set to expire on October 22, 2030. Each facility allows for two one-year extensions and includes specific debt to capitalization ratio requirements, which are 0.70 to 1 for DTE Energy and 0.65 to 1 for DTE Electric and DTE Gas.

The proceeds from these credit facilities can be used for general corporate purposes. Each facility is subject to customary covenants and events of default, ensuring that the companies maintain certain financial metrics. This agreement reflects the companies' ongoing financial strategies and their ability to secure funding from lenders.

Oct 28, 2025 16:17:22

DTE Energy Sells $600 Million in Junior Subordinated Debentures

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.

Sep 17, 2025 16:17:36

DTE Energy Updates Executive Severance and Indemnification Agreements

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.

Sep 16, 2025 16:16:49

DTE Energy Sets Date for Investor Meeting and Earnings Guidance

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.

Aug 18, 2025 16:20:00

DTE Energy Reports Financials for DTE Gas Company Q2 2025

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.

Jul 31, 2025 16:20:38

DTE Energy Announces Investor Meeting and Earnings Guidance Details

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.

Jul 07, 2025 16:18:02

DTE Energy Announces New CEO and Executive Chairman Transition

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.

Jun 23, 2025 16:28:57

DTE Energy Announces 2025 Operating EPS Growth Guidance

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.

May 16, 2025 16:21:28