Jun 2026 (Q2 FY26) — Jul 28, 2026
DTE Energy Q2 FY26 — Strong Data Center Momentum and High-End EPS Guidance
Read the full callDTE Energy (DTE) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
DTE Energy earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | 247 | −44.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Pole-top maintenance miles completed | 950 miles of pole-top maintenance in 2025 | Mar 2025 | In 2025, we completed over 200 miles of targeted hardening work along with nearly 1,000 miles of pull-top maintenance | Achieved |
| Execute the DTE Vantage behind-the-meter data center agreement | Full agreement in place within several weeks of the Q1 FY26 call (roughly 350 MW, out of state) | Mar 2026 | the counterparty has run into some permitting challenges on the ground that they're continuing to work | Delayed |
| Annual equity issuances | $0 to $100 million per year | Sep 2024 | we priced an additional $150 million in the second quarter, effectively fulfilling our equity needs for the year | On Track |
28 of DTE ENERGY CO's 32 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 29 more targets are in the full ledger.
Claimed
- The 1.4-gigawatt Oracle data center remains on track, fully approved, and under construction.
- An agreement with Google to serve a 1-gigawatt data center was executed, submitted to the MPSC, and provides upside to the current long-term plan.
- The data center pipeline continues to advance with 5 to 6 gigawatts of additional opportunities, including 2 gigawatts in advanced discussions.
- Operating EPS is on track to reach the high end of the guidance range for 2026.
- Outage duration improved by 90% from 2023 to 2025, and the company achieved its best all-weather state performance in nearly 2 decades.
Qualified
- A severe July storm caused widespread damage and extended restoration times beyond typical targets.
- Oracle's credit rating was downgraded by S&P, though the company states contract protections are in place.
Price
$126.93 −2.16% · −$2.8
Performance −10.6% 1Y
1Y: $141.95 on 17 Oct 2025 → $126.93. High $154.43 (26 Jun 2026), low $120.83 (28 Sept 2026).
- Previous close
- $129.73
- 52-week range
- $120.83 – $154.43
- One year
- −11.44%
Overview
- Symbol
- DTE
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Pole-top maintenance miles completed | 950 miles of pole-top maintenance in 2025 | Mar 2025 | In 2025, we completed over 200 miles of targeted hardening work along with nearly 1,000 miles of pull-top maintenance | Achieved |
| Execute the DTE Vantage behind-the-meter data center agreement | Full agreement in place within several weeks of the Q1 FY26 call (roughly 350 MW, out of state) | Mar 2026 | the counterparty has run into some permitting challenges on the ground that they're continuing to work | Delayed |
| Annual equity issuances | $0 to $100 million per year | Sep 2024 | we priced an additional $150 million in the second quarter, effectively fulfilling our equity needs for the year | On Track |
Claimed
- The 1.4-gigawatt Oracle data center remains on track, fully approved, and under construction.
- An agreement with Google to serve a 1-gigawatt data center was executed, submitted to the MPSC, and provides upside to the current long-term plan.
- The data center pipeline continues to advance with 5 to 6 gigawatts of additional opportunities, including 2 gigawatts in advanced discussions.
- Operating EPS is on track to reach the high end of the guidance range for 2026.
- Outage duration improved by 90% from 2023 to 2025, and the company achieved its best all-weather state performance in nearly 2 decades.
Qualified
- A severe July storm caused widespread damage and extended restoration times beyond typical targets.
- Oracle's credit rating was downgraded by S&P, though the company states contract protections are in place.
The full ledger
Open DTE ENERGY CO’s full ledger
A free account opens 5 company ledgers a month. All 32 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
DTE Energy Q1 FY26 — Strong start; Google 1 GW data center deal signed, tracking high end of guidance
Read the full callDec 2025 (Q4 FY25) — Feb 17, 2026
DTE Energy Q4 FY25 — Strong Earnings, Data Center Growth & Reliability Improvements
Read the full callEvery analysed call
DTE Energy earnings calls (DTE)
Financials
What the filings say
Net profit, year on year: −44% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Expenses | 2,373 | 2,389 | 2,881 | 3,816 | 2,992 | 2,908 | 3,724 | 4,729 |
| Operating profit | 502 | 517 | 555 | 624 | 427 | 619 | 704 | 412 |
| Other income | -144 | -161 | -233 | -197 | -197 | -206 | -224 | -223 |
| Interest | 233 | 252 | 248 | 250 | 256 | 271 | 279 | 293 |
| Profit before tax | 358 | 356 | 322 | 427 | 230 | 413 | 480 | 189 |
| Tax rate | 10.1% | −34.0% | 9.3% | −4.2% | 0.4% | −1.4% | 23.1% | −30.7% |
| Net profit | 322 | 477 | 292 | 445 | 229 | 419 | 369 | 247 |
| EPS ($ per share) | 1.56 | 2.30 | — | 2.14 | 1.10 | 2.02 | — | 1.19 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4,245 | 5,233 | 5,406 | 5,379 | 6,651 | 6,713 | 6,779 | 6,858 |
| Reserves | 6,112 | 6,587 | 7,156 | 3,438 | 3,808 | 4,404 | 4,946 | 5,484 |
| Total liabilities | 25,571 | 30,432 | 32,907 | 31,006 | 32,282 | 33,700 | 37,142 | 41,758 |
| Fixed assets | 21,650 | 25,317 | 24,499 | 26,944 | 28,767 | 28,169 | 30,893 | 33,653 |
| Total assets | 36,288 | 42,268 | 45,496 | 39,719 | 42,683 | 44,755 | 48,846 | 54,066 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,680 | 2,649 | 3,697 | 3,067 | 1,977 | 3,220 | 3,643 | 3,409 |
| Cash from investing | -3,347 | -5,732 | -4,070 | -3,863 | -3,431 | -4,095 | -4,951 | -5,304 |
| Cash from financing | 654 | 3,100 | 796 | 315 | 1,462 | 883 | 1,345 | 2,057 |
| Net cash flow | -13 | 17 | 423 | -481 | 8 | 8 | 37 | 162 |
Insider filings
55 filings between Nov 3, 2025 and Sep 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$822.3K
2 sales by 2 insiders
Compensation
not trading decisions- 12
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 15 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lauer Trevor F | — | $678.6K | Sep 1, 2026 |
| Muschong Lisa A. | — | $143.7K | May 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Lauer Trevor F Vice Chairman & Group Pres. | Sale | 5,000 | $678.6K |
| May 14, 2026 | Muschong Lisa A. VP, Corp Sec & Chief of Staff | Sale | 1,000 | $143.7K |
| May 8, 2026 | MCGOVERN GAIL J Director | Disposition to issuer | 1,219 | $171.4K |
| May 8, 2026 | MCGOVERN GAIL J Director | Option exercise | 1,219 | $0 |
| May 4, 2026 | MURRAY MARK A Director | Disposition to issuer | 1,425 | $209.1K |
| May 4, 2026 | MCCLURE CHARLES G Director | Disposition to issuer | 1,425 | $209.1K |
| May 4, 2026 | Thomas David A Director | Option exercise | 1,425 | $0 |
| May 4, 2026 | MCCLURE CHARLES G Director | Option exercise | 1,425 | $0 |
| May 4, 2026 | Thomas David A Director | Disposition to issuer | 1,425 | $209.1K |
| May 4, 2026 | Williams Valerie Director | Option exercise | 1,425 | $0 |
| May 4, 2026 | MURRAY MARK A Director | Option exercise | 1,425 | $0 |
| May 4, 2026 | Williams Valerie Director | Disposition to issuer | 1 | $122 |
| Feb 4, 2026 | Paul Matthew T. Pres. & COO-DTE Electric Co. | Award | 3,200 | $0 |
| Feb 4, 2026 | Muschong Lisa A. VP, Corp Sec & Chief of Staff | Award | 1,801 | $0 |
| Feb 4, 2026 | Ruud David Vice Chairman & CFO | Disposition to issuer | 0 | $57 |
| Feb 4, 2026 | Myrick Tracy J Chief Accounting Officer | Tax withheld | 207 | $28.1K |
| Feb 4, 2026 | Ruud David Vice Chairman & CFO | Tax withheld | 3,395 | $460.7K |
| Feb 4, 2026 | Norcia Gerardo Executive Chairman | Disposition to issuer | 0 | $51 |
| Feb 4, 2026 | Ruud David Vice Chairman & CFO | Award | 14,388 | $0 |
| Feb 4, 2026 | Norcia Gerardo Executive Chairman | Tax withheld | 13,609 | $1.85M |
| Feb 4, 2026 | Norcia Gerardo Executive Chairman | Award | 51,028 | $0 |
| Feb 4, 2026 | Paul Matthew T. Pres. & COO-DTE Electric Co. | Award | 2,863 | $0 |
| Feb 4, 2026 | Richard Robert A. President & COO - DTE Gas | Disposition to issuer | 0 | $7 |
| Feb 4, 2026 | Antishin Diane M. Sr VP-HR & Chief D&I Officer | Award | 2,674 | $0 |
| Feb 4, 2026 | Richard Robert A. President & COO - DTE Gas | Tax withheld | 1,029 | $139.6K |
| Feb 4, 2026 | Myrick Tracy J Chief Accounting Officer | Disposition to issuer | 0 | $33 |
| Feb 4, 2026 | Myrick Tracy J Chief Accounting Officer | Award | 987 | $0 |
| Feb 4, 2026 | Muschong Lisa A. VP, Corp Sec & Chief of Staff | Tax withheld | 343 | $46.5K |
| Feb 4, 2026 | Muschong Lisa A. VP, Corp Sec & Chief of Staff | Disposition to issuer | 0 | $11 |
| Feb 4, 2026 | Lorenz Kathrine M. Sr VP & Chief Legal Officer | Award | 3,130 | $0 |
| Feb 4, 2026 | Richard Robert A. President & COO - DTE Gas | Award | 5,850 | $0 |
| Feb 4, 2026 | Lauer Trevor F Vice Chairman & Group Pres. | Disposition to issuer | 1 | $112 |
| Feb 4, 2026 | Paul Matthew T. Pres. & COO-DTE Electric Co. | Disposition to issuer | 1 | $110 |
| Feb 4, 2026 | Lauer Trevor F Vice Chairman & Group Pres. | Tax withheld | 2,094 | $284.2K |
| Feb 4, 2026 | Lauer Trevor F Vice Chairman & Group Pres. | Award | 11,846 | $0 |
| Feb 4, 2026 | Harris Joi M. President & CEO | Award | 18,508 | $0 |
| Feb 4, 2026 | Harris Joi M. President & CEO | Tax withheld | 1,029 | $139.6K |
| Feb 4, 2026 | Harris Joi M. President & CEO | Disposition to issuer | 0 | $7 |
| Feb 4, 2026 | Lorenz Kathrine M. Sr VP & Chief Legal Officer | Disposition to issuer | 0 | $44 |
| Feb 4, 2026 | Antishin Diane M. Sr VP-HR & Chief D&I Officer | Tax withheld | 362 | $49.1K |
| Feb 4, 2026 | Lorenz Kathrine M. Sr VP & Chief Legal Officer | Tax withheld | 116 | $15.7K |
| Feb 4, 2026 | Antishin Diane M. Sr VP-HR & Chief D&I Officer | Disposition to issuer | 0 | $66 |
| Feb 4, 2026 | Paul Matthew T. Pres. & COO-DTE Electric Co. | Tax withheld | 853 | $115.8K |
| Feb 1, 2026 | Paul Matthew T. Pres. & COO-DTE Electric Co. | Tax withheld | 545 | $73.2K |
| Feb 1, 2026 | Norcia Gerardo Executive Chairman | Tax withheld | 6,903 | $927.6K |
| Feb 1, 2026 | Myrick Tracy J Chief Accounting Officer | Tax withheld | 141 | $18.9K |
| Feb 1, 2026 | Muschong Lisa A. VP, Corp Sec & Chief of Staff | Tax withheld | 246 | $33.1K |
| Feb 1, 2026 | Lorenz Kathrine M. Sr VP & Chief Legal Officer | Tax withheld | 71 | $9.5K |
| Feb 1, 2026 | Lauer Trevor F Vice Chairman & Group Pres. | Tax withheld | 1,076 | $144.6K |
| Feb 1, 2026 | Harris Joi M. President & CEO | Tax withheld | 602 | $80.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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