Form 10-Q · Quarterly report
DTE Energy 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0000936340
- Accession no.
- 0000936340-26-000169
Summary
DTE Energy reported third-quarter 2026 net income attributable to the company of $470 million, or $2.25 per diluted share, up from $419 million and $2.01 a year earlier, while nine-month net income fell to $999 million ($4.79 per share) from $1,093 million ($5.26). The company outlined plans for $39 billion of capital investment at DTE Electric and $5.2 billion at DTE Gas over 2027–2031, continued coal retirements, and compliance with Michigan's 100% clean energy standard by 2040.
Key points
- Third-quarter net income rose on higher earnings in the DTE Vantage segment and Corporate and Other, partly offset by lower Electric segment earnings; the nine-month decline was driven by lower Energy Trading, Corporate and Other, and DTE Vantage results, partly offset by higher Electric earnings.
- DTE Electric has retired all eleven coal-fired units at the Trenton Channel, River Rouge and St. Clair facilities plus one Belle River unit, and plans to retire its remaining five coal units, with Monroe's four units to close in stages in 2028 and 2032.
- DTE Electric plans to repurpose the Trenton Channel site as a battery energy storage system in 2026 and convert Belle River from baseload coal to a natural gas peaking resource in 2026.
- Under Michigan legislation passed in 2023, DTE Energy must meet a 100% clean energy standard by 2040 and a renewable portfolio standard of 50% of electric sales by 2030 and 60% by 2035.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion EXECUTIVE OVERVIEW DTE Energy is a diversified energy company and is the parent company of DTE Electric and DTE Gas, regulated electric and natural gas utilities engaged primarily in the business of providing electricity and natural gas sales, distribution, and storage services throughout Michigan. DTE Energy also operates two energy-related non-utility segments with operations throughout the United States. …
An excerpt of the text as filed with the SEC, cut for length.
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