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DTE

DTE Energy Company

$115.3

Earnings Summary

Net Profits
$387Mn

Highlights

Net Profits:

DTE Energy Company’s net profit jumped 1448% since last year same period to $387Mn in the Q3 2022. On a quarterly growth basis, DTE Energy Company has generated 945.95% jump in its net profits since last 3-months.

Earnings per share (EPS) Estimates

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

EPS Estimate Current Quarter
1.18
EPS Estimate Current Year
1.18

Highlights

EPS Estimate Current Quarter:

DTE Energy Company’s earning per share (EPS) estimates for the current quarter stand at 1.18 - a -28.05% fall from last quarter’s estimates.

EPS Estimate Current Year:

DTE Energy Company’s earning per share (EPS) estimates for the current year stand at 1.18.

Key Ratios

Key ratios of the DTE Energy Company post its Q2 2022 earnings

Earning Per Share (EPS)
0.88
Return on Assets (ROA)
0.03
Return on Equity (ROE)
0.13
Dividend Per Share (DPS)
1.77

Highlights

Earning Per Share (EPS):

DTE Energy Company’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 Company 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 Company’s return on assets (ROA) stands at 0.03.

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 Company’s return on equity (ROE) stands at 0.13.

Dividend Per Share (DPS):

DTE Energy Company declared 1.77 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2019-04-24
1.97
2.05
4.06%
2020-02-05
1.3
1.35
3.85%
2019-07-24
1.07
0.99
-7.48%
2019-10-28
1.97
1.91
-3.05%

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 Company
Headquarters
One Energy Plaza, Detroit, MI, United States, 48226-1279
Employees
10400
Industry
Utilities
CEO
Gerardo Norcia

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