DTE Energy Co. logo

DTE

DTE Energy Co.

$135.79

Earnings Summary

Revenue
$9848Mn
Net Profits
$37Mn
Net Profit Margins
0.38%
PE Ratio
33.44

Highlights

Revenue:

DTE Energy Co.’s revenue jumped 204.99% since last year same period to $9848Mn in the Q2 2022. On a quarterly growth basis, DTE Energy Co. has generated 115.16% jump in its revenue since last 3-months.

Net Profits:

DTE Energy Co.’s net profit fell -79.33% since last year same period to $37Mn in the Q2 2022. On a quarterly growth basis, DTE Energy Co. has generated -90.61% fall in its net profits since last 3-months.

Net Profit Margins:

DTE Energy Co.’s net profit margin fell -93.22% since last year same period to 0.38% in the Q2 2022. On a quarterly growth basis, DTE Energy Co. has generated -95.64% fall in its net profit margins since last 3-months.

PE Ratio:

DTE Energy Co.’s price-to-earnings ratio after this Q2 2022 earnings stands at 33.44.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the DTE Energy Co. post its latest quarter earnings

EPS Estimate Current Quarter
1.68
EPS Estimate Current Year
1.68

Highlights

EPS Estimate Current Quarter:

DTE Energy Co.’s earning per share (EPS) estimates for the current quarter stand at 1.68 - a 64.71% jump from last quarter’s estimates.

EPS Estimate Current Year:

DTE Energy Co.’s earning per share (EPS) estimates for the current year stand at 1.68.

Key Ratios

Key ratios of the DTE Energy Co. post its Q2 2022 earnings

Earning Per Share (EPS)
0.88
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.07
Dividend Per Share (DPS)
3.48

Highlights

Earning Per Share (EPS):

DTE Energy Co.’s earning per share (EPS) fell -48.24% since last year same period to 0.88 in the Q2 2022. This indicates that the DTE Energy Co. has generated -48.24% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. DTE Energy Co.’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. DTE Energy Co.’s return on equity (ROE) stands at 0.07.

Dividend Per Share (DPS):

DTE Energy Co. declared 3.48 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-28
1.02
0.88
-13.73%
2022-04-28
2.05
2.31
12.68%

Company Information

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress.

Organisation
DTE Energy Co.
Headquarters
Detroit, Michigan, US
Employees
2.02K
Industry
Utilities