DTE Energy Co (N:DTE)

Sector:  Utilities Industry:  Electric Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: One Energy Plaza
DETROIT MI 48226
Tel: 1-313-2358030
Website: https://ir.dteenergy.com
IR: See website
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Key People
Gerardo Norcia
Chairman of the Board, Chief Executive Officer
Lisa A. Muschong
Vice President, Chief of Staff, Corporate Secretary
Trevor Francis Lauer
Group President, Vice Chairman
Joi M. Harris
President, Chief Operating Officer
David Ruud
Chief Financial Officer, Executive Vice President
Matthew T. Paul
President and Chief Operating Officer of DTE Electric Company
Robert A. Richard
President and Chief Operating Officer of DTE Gas Company
Mark W. Stiers
President and Chief Operating Officer - DTE Vantage and Energy Trading
Joann Chavez
Senior Vice President and Chief Legal Officer
Tracy J. Myrick
Chief Accounting Officer
   
Business Overview
DTE Energy Company is a diversified energy company, which is involved in the development and management of energy-related businesses and services nationwide. The Company's segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan. DTE Vantage segment is comprised primarily of renewable energy projects that sell electricity and pipeline-quality gas and projects that deliver custom energy solutions to industrial, commercial, and institutional customers. Energy Trading segment consists of energy marketing and trading operations.
Financial Overview
For the three months ended 31 March 2024, DTE Energy Co revenues decreased 14% to $3.24B. Net income applicable to common stockholders decreased 30% to $312M. Revenues reflect Energy Trading segment decrease of 40% to $933M. Net income also reflects Depreciation and amortization increase of 10% to $423M (expense), Interest expense increase of 14% to $218M (expense). Dividend per share increased from $0.95 to $1.02.
Employees: 9,950 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $44,066M as of Mar 31, 2024
Annual revenue (TTM): $12,206M as of Mar 31, 2024
EBITDA (TTM): $3,768M as of Mar 31, 2024
Net annual income (TTM): $1,262M as of Mar 31, 2024
Free cash flow (TTM): -$1,476M as of Mar 31, 2024
Net Debt Last Fiscal Year: $21,455M as of Mar 31, 2024
Shares outstanding: 206,937,244 as of Mar 31, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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