Quarterly ResultMay 1, 2026, 04:22 PM
DTE Gas Q1 Net Income $209M; Operating Revenue $923M
AI Summary
DTE Energy's indirect wholly-owned subsidiary, DTE Gas Company, reported its financial results for the quarter ended March 31, 2026. Net income increased to $209 million from $205 million year-over-year, while operating revenues rose to $923 million from $868 million. The company also filed a rate case with the MPSC in November 2025, requesting a net increase in base rates of $163 million, with a final order expected in September 2026.
Key Highlights
- Net Income for Q1 2026 increased to $209M from $205M YoY.
- Operating Revenues for Q1 2026 rose to $923M from $868M YoY.
- Operating Income for Q1 2026 was $305M, up from $297M YoY.
- Net cash from operating activities for Q1 2026 was $407M, up from $405M YoY.
- DTE Gas filed a rate case seeking a $163M net increase in base rates.
- Total Assets as of March 31, 2026, were $9,133M, up from $8,905M at Dec 31, 2025.
- Total Shareholder's Equity as of March 31, 2026, was $3,269M, up from $3,116M at Dec 31, 2025.
Price Impact
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