Dte Energy Company (DTE)
NYSE:DTE
Want to see DTE full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.51Last Year’s EPS
1.36Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: meaningful reliability gains, clear progress on large data center deals (Oracle and Google) with quantified customer affordability benefits, solid Q1 operating earnings and confident guidance backed by RNG tax-credit assumptions. Key challenges are concentrated around energy trading timing, corporate tax/interest timing effects, substantial incremental capital needs (and associated funding), regulatory approval risk for major data center contracts, and concentration/counterparty exposure as data centers ramp. Overall, management presented a balanced but largely positive picture with plans and protections to manage the principal risks.Company Guidance
Strong First-Quarter Financials
Operating earnings of $407 million for Q1 2026, or $1.95 per share, positioning the company to achieve the high end of full-year operating EPS guidance.
Utilities Earnings Growth
DTE Electric operating earnings of $218 million (up $71 million vs. Q1 2025) and DTE Gas operating earnings of $210 million (up $4 million vs. Q1 2025). DTE Vantage earnings were $48 million (up $9 million vs. Q1 2025).
Ambitious Long-Term EPS Growth Target
Five-year plan targets 6%–8% annual operating EPS growth through 2030 with a bias to the upper end; utility operating earnings expected to comprise ~93% of overall earnings by 2030. (Management also referenced a long-term operating EPS growth rate target phrased as '68% through 2030' in the call.)
Data Center Agreements and Pipeline
Oracle 1.4 GW data center approved and under construction; 1 GW Google agreement executed and filed with the MPSC. Management cites advanced discussions for roughly 2 GW more and a broader pipeline of an additional 3–4 GW over time.
Customer Affordability Benefits from Data Centers
Oracle expected to drive ~ $300 million of annual benefits to existing customers; Google expected to generate ~ $1.7 billion of benefits over the life of its contract. Management notes these large loads help spread fixed system costs and improve affordability.
Significant Potential Incremental Investment
Meeting Google's capacity needs could drive roughly $5 billion of incremental generation and storage investment through 2032 (renewables, storage and baseload to be refined through the IRP).
Material Reliability Improvements
From 2023 to 2025 the company achieved a 90% improvement in outage duration, recorded its best all‑weather SAIDI in nearly 20 years (top‑quartile performance), restored 99.9% of impacted customers within 48 hours in 2025, and delivered >99% restoration within 48 hours for a severe March 2026 storm (300,000 affected). Target: reduce outage frequency by 30% and cut outage duration by 50% by 2029.
Balance Sheet and Funding Progress
Targeting annual equity issuances of $500–$600 million (2026–2028) with up to $100 million issued internally; priced over $350 million via forward sale agreements in Q1 (~2/3 of full-year equity target). Target FFO to debt of ~15% and continued focus on maintaining investment-grade ratings.
Customer Bill and Affordability Metrics
Typical residential electric bill is under 2% of median household income and residential bills are ~18% below the national average; average annual bill increases over the past 4 years were well below national and Great Lakes region averages.
RNG Tax Credit Upside
RNG tax credits are cited as a material enabler for hitting the high end of guidance. Management models conservative RNG benefit assumptions of $50–$60 million for the year, with potential upside depending on final rulemaking.
DTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $147.03 | $151.69 | +3.17% |
Feb 17, 2026 | $143.81 | $143.56 | -0.17% |
Oct 30, 2025 | $136.54 | $135.75 | -0.58% |
Jul 29, 2025 | $133.98 | $133.74 | -0.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dte Energy Company (DTE) report earnings?
Dte Energy Company (DTE) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Dte Energy Company (DTE) earnings time?
Dte Energy Company (DTE) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTE EPS forecast?
DTE EPS forecast for the fiscal quarter 2026 (Q2) is 1.51.