DTE Energy Co (DTE)

DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, natural gas plant, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates 702 distribution substations with a capacity of approximately 37,870,000 kilovolt-amperes (kVA) and approximately 4,56,900 line transformers with a capacity of approximately 33,770,000 kVA. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.4 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,242,000 service pipelines; and 1,361,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as compressed air supply to industrial customers. This segment also owns and operates 2 renewable generating plants with a capacity of 70 MWs; and 22 gas recovery sites. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan.

Symbol
DTE
Exchange
NYSE
Sector
Utilities
Industry
Utilities - Regulated Electric
Market cap
$25.89B
52 week range
119.68 - 155.75

Valuation

Share price
$124.45 (close of 2026-10-02)
P/E (TTM)
20.44x
Price to book
2.10x
Price to free cash flow
7.86x
Enterprise value
$52.62B
Book value per share
$59.26

Price performance

PeriodChange
1 day+0.96%
5 days+2.48%
1 month-8.53%
3 months-19.22%
6 months-15.93%
Year to date-3.51%
1 year-10.65%
3 years+30.33%
5 years+11.44%
10 years+56.11%
All time+557.07%

Members of Congress who disclosed DTE trades

John Boozman

Super investors holding DTE

Sarah Ketterer (Causeway Capital Management LLC) · Ken Griffin (Citadel)

Profitability and growth

Return on equity
11.88%
Return on invested capital
5.95%
Return on assets
2.70%
Return on capital employed
4.88%
Net income growth
4.13%
Free cash flow growth
-6.42%

Cash flow and balance sheet

Free cash flow yield (TTM)
12.73%
Current ratio
0.95x
Net debt to EBITDA
6.19x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
EBITDA
$4.21B
Net income
$1.46B
Earnings per share
$7.04
Interest expense
$1.06B
Shares outstanding
207.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31--$1.46B$7.04
2024-12-31--$1.40B$6.78
2023-12-31--$1.40B$6.77
2022-12-31--$1.08B$5.53
2021-12-31--$907.00M$4.68
2020-12-31--$1.37B$7.09
2019-12-31--$1.17B$6.32
2018-12-31--$1.12B$6.18
2017-12-31$12.61B$1.71B$1.13B$6.32
2016-12-31$10.63B$1.49B$868.00M$4.84

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-31--11.88%5.95%
2024-12-31--12.00%5.99%
2023-12-31--12.64%6.48%
2022-12-31--10.41%5.81%
2021-12-31--10.41%5.52%
2020-12-31--10.87%4.76%
2019-12-31--9.88%4.61%
2018-12-31--10.45%6.73%
2017-12-3113.57%9.00%11.35%7.12%
2016-12-3113.98%8.17%9.14%5.95%

Cash and debt by year

Period endCashDebt
2025-12-31$208.00M$25.31B
2024-12-31$24.00M$22.14B
2023-12-31$26.00M$19.71B
2022-12-31$33.00M$18.13B
2021-12-31$28.00M$17.52B
2020-12-31$472.00M$19.60B
2019-12-31$93.00M$16.75B
2018-12-31$71.00M$10.98B
2017-12-31$66.00M$11.04B
2016-12-31$92.00M$10.51B

Free cash flow by year

Period endFree cash flow
2025-12-31$3.41B
2024-12-31$3.64B
2023-12-31$3.22B
2022-12-31$1.98B
2021-12-31$3.07B
2020-12-31$3.70B
2019-12-31$2.65B
2018-12-31$2.68B
2017-12-31$2.12B
2016-12-31$2.08B

Dividend history

Most recent payment
2026-09-21
Paid in the last twelve months
$4.66
Payment dateDividend per share
2026-09-21$1.17
2026-06-22$1.17
2026-03-16$1.17
2025-12-15$1.17
2025-09-15$1.09
2025-06-16$1.09
2025-03-17$1.09
2024-12-16$1.09

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$2.47

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$1.14
2026-04-30Mar/2026$1.98
2026-02-17Dec/2025$1.52
2026-02-12Dec/2025$1.54
2025-10-30Sep/2025$2.10
2025-07-29Jun/2025$1.37
2025-07-23--
2025-05-01Mar/2025$1.98

Filings and sources

Company website
dteenergy.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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