DTE ENERGY CO DTE

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

In 1995, DTE Energy incorporated in the State of Michigan. DTE Energy's utility operations consist primarily of DTE Electric and DTE Gas. DTE Energy also has two other segments that are engaged in a variety of energy-related businesses.

DTE Electric is a Michigan corporation organized in 1903 and is an indirect wholly-owned subsidiary of DTE Energy. DTE Electric is a public utility engaged in the generation, purchase, distribution, and sale of electricity to approximately 2.3 million customers in southeastern Michigan.

DTE Gas is a Michigan corporation organized in 1898 and is an indirect wholly-owned subsidiary of DTE Energy. DTE Gas is a public utility engaged in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.4 million customers throughout Michigan and the sale of storage and transportation capacity.

Last close 131.89 2026-10-23
Market cap $27.44B 2026-03-31 share count
52-week range 119.68 - 155.75

Valuation FY2025 figures against the last close

P/S—
P/E18.8x
P/FCF8.0x
EV/EBITDA12.7x
Dividend yield3.2%
Diluted EPS7.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue ————————$12.61B$10.63B
Total operating expenses $13.44B$10.37B$10.50B$17.48B$13.47B$9.87B$10.74B$12.62B$10.90B$9.14B
Operating income $2.37B$2.09B$2.24B$1.75B$1.50B$1.55B$1.43B$1.59B$1.71B$1.49B
Interest expense $1.06B$951.0M$791.0M$675.0M$630.0M$601.0M$568.0M$559.0M$536.0M$472.0M
Pre-tax income $1.55B$1.37B$1.57B$1.11B$656.0M$1.08B$1.01B$1.22B$1.29B$1.10B
Income tax $88.0M$34.0M$169.0M$29.0M$130.0M$37.0M$71.0M$98.0M$175.0M$271.0M
Net income $1.46B$1.40B$1.40B$1.08B$907.0M$1.37B$1.17B$1.12B$1.13B$868.0M
EPS, basic 7.046.786.775.534.687.096.326.186.324.84
EPS, diluted 7.036.776.765.524.677.086.316.176.324.83
Shares, diluted (wtd. avg.) 207.0M207.0M206.0M196.0M194.0M193.0M185.0M181.0M179.0M179.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $208.0M$24.0M$51.0M$43.0M$35.0M$516.0M$93.0M$76.0M$89.0M$113.0M
Receivables $2.03B$1.69B$1.63B$2.04B$1.70B$1.54B$1.64B$1.79B$1.76B$1.52B
Total current assets $4.35B$3.61B$3.54B$4.18B$3.32B$3.50B$3.09B$3.26B$3.08B$2.76B
Property, plant and equipment $33.65B$30.89B$28.17B$28.77B$26.94B$24.50B$25.32B$21.65B$20.72B$19.73B
Goodwill $1.99B$1.99B$1.99B$1.99B$1.99B$1.99B$2.46B$2.29B$2.29B$2.29B
Other intangibles $188.0M$144.0M$156.0M$166.0M$177.0M$199.0M$2.39B$849.0M$867.0M$842.0M
Total assets $54.07B$48.85B$44.76B$42.68B$39.72B$45.50B$42.27B$36.29B$33.77B$32.04B
Accounts payable $1.75B$1.39B$1.36B$1.60B$1.41B$1.00B$1.08B$1.33B$1.17B$1.08B
Short-term debt $882.0M$1.07B$1.28B$1.16B$758.0M$38.0M$828.0M$609.0M$621.0M$499.0M
Total current liabilities $5.41B$5.11B$5.88B$5.17B$6.35B$2.69B$4.00B$4.44B$2.81B$2.44B
Long-term debt $25.31B$22.14B$19.71B$18.13B$17.52B$19.60B$16.75B$10.98B$11.04B$10.51B
Retained earnings $5.48B$4.95B$4.40B$3.81B$3.44B$7.16B$6.59B$6.11B$5.64B$5.11B
Total equity $12.30B$11.70B$11.05B$10.40B$8.71B$12.59B$11.84B$10.72B$9.99B$9.50B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.41B$3.64B$3.22B$1.98B$3.07B$3.70B$2.65B$2.68B$2.12B$2.08B
Depreciation and amortisation $1.84B$1.73B$1.61B$1.47B$1.38B$1.29B$1.17B$1.12B$1.03B$976.0M
Investing cash flow -$5.30B-$4.95B-$4.09B-$3.43B-$3.86B-$4.07B-$5.73B-$3.35B-$2.56B-$3.39B
Financing cash flow $2.06B$1.34B$883.0M$1.46B$315.0M$796.0M$3.10B$654.0M$421.0M$1.36B
Dividends paid $871.0M$810.0M$752.0M$685.0M$791.0M$760.0M$692.0M$620.0M$592.0M$531.0M
Buybacks —$0$0$55.0M$66.0M$0$0$0$51.0M$33.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000936340-26-000054.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 10.6B Net income, FY2016: 868M Revenue, FY2017: 12.6B Net income, FY2017: 1.1B Net income, FY2018: 1.1B Net income, FY2019: 1.2B Net income, FY2020: 1.4B Net income, FY2021: 907M Net income, FY2022: 1.1B Net income, FY2023: 1.4B Net income, FY2024: 1.4B Net income, FY2025: 1.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $10.63B $12.61B — — — — — — — —
Gross profit — — — — — — — — — —
Net income $868.0M $1.13B $1.12B $1.17B $1.37B $907.0M $1.08B $1.40B $1.40B $1.46B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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