Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 115

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 115
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202420232022(In millions)Operating Revenues — Non-utility operations$3,843 $4,612 $10,308 Operating ExpensesPurchased power, gas, and other — non-utility3,562 4,068 10,331 Operation and maintenance83 78 64 Depreciation and amortization5 4 5 Taxes other than income4 5 7 Asset (gains) losses and impairments, net— — 2 3,654 4,155 10,409 Operating Income (Loss)189 457 (101)Other (Income) and Deductions22 9 22 Income Tax Expense (Benefit)42 112 (31)Net Income (Loss) Attributable to DTE Energy Company$125 $336 $(92)

Operating Revenues — Non-utility operations decreased $769 million in 2024 and $5,696 million in 2023.  The following tables detail changes relative to comparable prior periods:

2024(In millions)Gas structured and gas transportation strategies - primarily lower gas prices ($380), and settled financial hedges ($56)$(436)Unrealized MTM - losses of ($210) compared to gains of $171 in the prior period(381)Other realized gain (loss)48 $(769)

2023(In millions)Gas structured and gas transportation strategies - primarily significantly lower gas prices ($5,673), and settled financial hedges ($114)$(5,787)Unrealized MTM - gains of $171 compared to losses of ($28) in the prior period199 Other realized gain (loss)(108)$(5,696)

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Purchased power, gas, and other — non-utility expense decreased $506 million in 2024 and $6,263 million in 2023.  The following tables detail changes relative to comparable prior periods:

2024(In millions)Gas structured and gas transportation strategies - primarily lower gas prices$(436)Unrealized MTM - gains of ($233) compared to gains of ($122) in the prior period(111)Other realized (gain) loss41 $(506)

2023(In millions)Gas structured and gas transportation strategies - primarily significantly lower gas prices$(5,780)Unrealized MTM - gains of ($122) compared to losses of $108 in the prior period(230)Other realized (gain) loss(253)$(6,