DTE Energy is currently navigating a challenging transition period characterized by massive infrastructure investment under its CleanVision plan, which has resulted in significant earnings volatility and persistent negative free cash flow.
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Operating margins have contracted significantly from 19.3% in 2023Q4 to 8.0% in 2026Q1, reflecting a struggle to recover rising operational costs within the current regulatory framework.
DTE Energy has committed to substantial investments in renewable energy, aiming to add 15,000 MW of clean capacity by 2042 and exit coal by 2032. The company is investing $10 billion in clean energy generation over the next decade, with plans to add approximately 900 MW of renewable capacity annually over the next five years.
DTE is undertaking a massive capital program with a five-year capital plan of $25 billion for 2024–2028, allocating about $11 billion specifically for electric grid modernization. This includes investments in grid hardening, undergrounding pilots, and advanced metering infrastructure (AMI) rollouts to improve reliability and resilience.
DTE is strategically positioned to benefit from the increasing demand for power from data centers and the broader trend of vehicle electrification. The company has secured agreements to power large data center developments, which are expected to drive economic progress in Michigan.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $2.30+8.0% vs $2.13 | $3.7B+3.3% vs $3.6B |
Q3 2026 Jul 28, 2026 | $1.32+15.8% vs $1.14 | $3.4B+0.3% vs $3.4B |
Q2 2026 Apr 30, 2026 | $1.95-3.0% vs $2.01 | $5.1B+17.6% vs $4.4B |
Q1 2026 Feb 17, 2026 | $1.65+7.1% vs $1.54 | $4.4B+30.7% vs $3.4B |
DTE Energy NYSE: DTE plans to sell most of its DTE Vantage business in an approximately $3 billion transaction and redirect capital toward a larger utility investment program, as demand from data centers reshapes its growth outlook.
DTE Energy Company ( DTE ) Q3 2026 Earnings Call November 5, 2026 9:00 AM EST Company Participants Matt Krupinski - Director of Investor Relations Joi Harris - President, CEO & Director David Ruud - Vice Chairman & CFO Conference Call Participants Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division Ross Fowler - BofA Securities, Research Division Michael Lonegan - Barclays Bank PLC, Research Division Diana Niles - JPMorgan Chase & Co, Research Division Steven Fleishman - Wolfe Research, LLC Ivana Ergovic - Jefferies LLC, Research Division Paul Fremont - Ladenburg Thalmann & Co. Inc., Research Division Sophie Karp - KeyBanc Capital Markets Inc., Research Division Travis Miller - Morningstar Inc., Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the DTE Energy Q3 2026 Earnings Conference Call.
Deutsche Telekom ETR: DTE raised its 2026 earnings and cash flow outlook after an increase in guidance from T-Mobile US, while proposing a higher dividend and up to EUR 2 billion in share buybacks for 2027.
DTE's Q3 2026 earnings beat estimates, backed by strong non-utility results, as the company advances infrastructure investments and clean energy plans.
Benchmark DTE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for DTE Energy Company (DTE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $135.08 | $28.11B | 20.49 | 26.95% | 8.34% | 11.09% | 3.12% | |
| $118.56 | $43.69B | 19.20 | 10.89% | 12.7% | 9.02% | 2.74% | |
| $112.85 | $31.23B | 19.68 | 15.43% | 17.9% | 11.55% | 2.5% | |
| $69.18 | $21.69B | 24.85 | 13.63% | 9.72% | 8.62% | 3.19% | |
| $44.15 | $21.17B | 22.60 | 21.76% | 13.51% | 7.93% | 2.53% | |
| $115.87 | $37.74B | 21.04 | 13.96% | 17.54% | 12.45% | 3.02% |
DTE Energy Company (DTE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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DTE Energy Company (DTE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 28, 2026·SEC
Jun 22, 2026·SEC
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DTE Energy Company (DTE) stock FAQ — growth, dividends, profitability & financials explained
DTE Energy Company (DTE) reported $16.44B in revenue over the trailing twelve months. Revenue was $15.81B in fiscal year 2025. That is 334% more than the $3.65B of fiscal year 1996.
DTE Energy Company (DTE) grew revenue by 10.9% over the trailing twelve months, compared with the twelve months before.
Yes. DTE Energy Company (DTE) earned $1.37B in net income over the trailing twelve months (a 8.3% net margin).
Yes. DTE Energy Company (DTE) pays a dividend that yields 3.12% at the current price, a moderate yield.
DTE Energy Company (DTE) had a return on equity (ROE) of 11.1% over the trailing twelve months. That is in line with the market's typical 10-15%.
DTE Energy Company (DTE) had negative free cash flow of $1.96B over the trailing twelve months.
DTE Energy Company (DTE) has a dividend payout ratio of 60%. This suggests the dividend is well-covered and sustainable.
