Quarterly ResultApr 30, 2026, 06:52 AM
DTE Q1 Operating EPS $1.95; Secures Google Data Center Deal
AI Summary
DTE Energy reported Q1 2026 operating earnings of $407 million, or $1.95 per diluted share, a decrease from $436 million, or $2.10 per diluted share in Q1 2025. The company reaffirmed its 2026 operating EPS guidance of $7.59 - $7.73. A significant highlight was securing an agreement to power Google's new 1 GW data center in Michigan, projected to generate $1.7 billion in affordability benefits for existing customers. DTE invested over $1.2 billion in its utilities during the quarter, including $400 million in electric distribution infrastructure, to enhance reliability and expand clean energy resources.
Key Highlights
- Secured agreement to power Google's new 1 GW data center in Michigan.
- Q1 2026 operating EPS was $1.95, down from $2.10 in Q1 2025.
- Q1 2026 reported EPS was $1.19, down from $2.14 in Q1 2025.
- Confirmed 2026 operating EPS guidance of $7.59 - $7.73.
- Invested over $1.2 billion in utilities in Q1 2026, including $400 million in electric distribution.
- Google data center deal expected to provide ~$1.7 billion in affordability benefits.
- DTE Electric Q1 operating earnings were $218 million, DTE Gas $210 million.
- Long-term operating EPS growth target of 6%-8% through 2030.