DTE ENERGY CO has recently released its 10-K report, revealing a diversified energy company with 2025 Operating Revenues of approximately $15.8 billion and Total Assets of approximately $54.1 billion. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. Its Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million customers throughout Michigan. Additionally, the company operates two energy-related non-utility segments with operations throughout the United States.
In 2025, DTE Energy reported a Net Income Attributable to DTE Energy Company of $1,462 million, with Diluted Earnings per Common Share of $7.03. This increase in net income was primarily due to higher earnings in the Electric, Gas, and DTE Vantage segments, partially offset by lower earnings at Corporate and Other. The company's strategy is to achieve long-term earnings per share growth with a strong balance sheet and attractive dividend. It plans to reduce the carbon emissions of its electric utility operations and end the use of coal-fired power plants by 2032, aiming for a net zero carbon emissions goal by 2050.
DTE Energy's utilities are investing capital to support a modern, reliable grid and cleaner, affordable energy through investments in base infrastructure and new generation. The company's electric utility plans to reduce carbon emissions by 65% in 2028, 85% in 2032, and 90% by 2040 from 2005 levels. It also aims to meet a 100% clean energy portfolio standard by 2040, with 50% of energy to be generated from renewable sources by 2030 and 60% by 2035.
In terms of capital investments, DTE Electric's capital investments over the 2026-2030 period are estimated at $30 billion, with plans to retire all coal-fired generation units and repurpose facilities for battery energy storage and natural gas peaking resources. DTE Gas' capital investments over the same period are estimated at $4.5 billion, focused on base infrastructure and the gas renewal program.
The company expects that these initiatives at the electric and gas utilities will continue to provide significant opportunities for capital investments and result in earnings growth. DTE Energy is focused on executing its plans to achieve operational excellence and customer satisfaction with a focus on customer affordability.
DTE Energy's non-utility businesses' capital investments are primarily for expansion, growth, and ongoing maintenance in the DTE Vantage segment, including approximately $2.0 billion from 2026-2030 for custom energy solutions and renewable energy, while expanding into carbon capture and sequestration.
The market has reacted to these announcements by moving the company's shares 0.67% to a price of $135.51. Check out the company's full 10-K submission here.
