DTE Energy Co Reports Decrease in Operating Revenues and Net Income

By Tamara Parker • Saturday, November 01 12:09 • Permanent Link

DTE Gas Company reported its unaudited consolidated financial statements for the three and nine months ended September 30, 2025. Here are some key figures and changes compared to the same periods in 2024:

Operating Revenues: $207 million (2025) vs. $230 million (2024) for the three months ended; $1.388 billion (2025) vs. $1.220 billion (2024) for the nine months ended
Operating Income (Loss): ($23) million (2025) vs. $8 million (2024) for the three months ended; $309 million (2025) vs. $273 million (2024) for the nine months ended
Net Income (Loss): ($36) million (2025) vs. ($11) million (2024) for the three months ended; $175 million (2025) vs. $155 million (2024) for the nine months ended
Cash and cash equivalents: $2 million (2025) vs. $0 (2024) at the end of the period

Additionally, the company's long-term debt increased to $3.043 billion in 2025 from $2.783 billion in 2024, while the total shareholder's equity rose to $3.050 billion in 2025 from $2.991 billion in 2024. The company's net cash from operating activities also increased to $513 million in 2025 from $415 million in 2024 for the nine months ended.

The effective income tax rate for 2025 was 24.6% compared to 29.0% in 2024 for the three months ended, and 23.1% in 2025 compared to 23.4% in 2024 for the nine months ended.

The market has reacted to these announcements by moving the company's shares -0.58% to a price of $138.06. If you want to know more, read the company's complete 8-K report here.

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