DTE ENERGY CO

DTE Energy announced the strategic sale of its non-utility DTE Vantage business for approximately $3 billion, a move expected to close in the first half of 2027. This divestment aligns with the company's long-term strategy to focus on its regulated electric and gas utilities, aiming to deliver enhanced customer affordability and support significant utility investments. The company also reported third quarter 2026 operating earnings of $481 million, or $2.30 per diluted share, and confirmed its 2026 operating EPS guidance. Additionally, DTE Energy increased its five-year utility investment plan to $44 billion and secured Google data center contracts.

DTE Energy's subsidiary, DTE Gas Company, reported a net loss of $(4) million for the second quarter ended June 30, 2026, compared to a net income of $6 million in the prior year quarter, on operating revenues of $311 million. Despite the quarterly loss, the company secured a $1.6 billion loan from the U.S. Department of Energy in June 2026 to support natural gas infrastructure modernization. DTE Gas also has a pending rate case with the MPSC, filed in November 2025, requesting a $163 million increase in base rates.

DTE Energy reported mixed financial results for the second quarter and first six months of 2026. Consolidated net income for Q2 increased by 23.14% to $282 million, with basic EPS rising to $1.35. However, year-to-date consolidated net income decreased by 21.51% to $529 million, and basic EPS fell to $2.54. Operating revenues showed a slight decrease for Q2 but an increase for the six-month period.

DTE Energy reported Q2 2026 operating earnings of $1.32 per diluted share, a decrease from $1.36 in Q2 2025, while reported earnings increased to $1.35 per diluted share from $1.10. The company confirmed its 2026 operating EPS guidance of $7.59 to $7.73, aiming for the high end due to RNG tax credits. DTE Energy highlighted significant investments totaling over $2.6 billion in H1 2026 for infrastructure and clean energy, including a $1.6 billion battery storage project and progress on major data center agreements.

DTE Energy Company announced it will meet with investors on June 23, 2026, to discuss its 2026 operating earnings guidance. A slide presentation, previously filed on May 15, 2026, is available on the company's website. The company noted that reconciliation to comparable 2026 reported earnings guidance is not provided due to the inability to reliably forecast certain non-recurring items.

DTE Energy Company completed the sale of $1 billion aggregate principal amount of its 2026 Series C 6.200% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures. These debentures, due in 2058, were registered under a shelf registration statement on Form S-3. The issuance was made pursuant to an Amended and Restated Indenture and a Supplemental Indenture.

DTE Energy announced it will meet with investors on June 8, 2026, where it plans to discuss its 2026 operating earnings guidance. The slide presentation for this meeting, previously filed, is accessible on the company's website as of June 5, 2026. The company noted that reconciliations to comparable 2026 reported earnings guidance are not provided due to the inability to reliably forecast certain non-recurring items and adjustments.

DTE Energy will meet with investors from May 17-19, 2026, to discuss its business presentation and 2026 operating earnings guidance. The company announced a new agreement with Google to serve a 1 GW data center, which is expected to provide upside to its current long-term plan, alongside the already approved 1.4 GW Oracle data center. DTE Energy also updated its five-year capital plan (2026-2030) to $36.5 billion, a significant increase from the prior plan, driven by data center development and cleaner generation investments. The company reiterated its long-term operating EPS growth target of 6%-8% through 2030, with confidence in achieving the high end of the range.

DTE Energy Co. held its Annual Meeting on May 7, 2026, where shareholders elected all director nominees for a one-year term expiring in 2027. Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026. The overall executive compensation for named executive officers was also approved on an advisory basis.

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.