Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 10

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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1)— (2)(1)169 184 345 359 Operating Income (Loss)— (3)12 6 Other (Income) and Deductions(18)(44)(37)(43)Income TaxesExpense4 10 12 12 Tax credits(17)(2)(33)(4)(13)8 (21)8 Net Income Attributable to DTE Energy Company$31 $33 $70 $41 

61

Operating Revenues — Non-utility operations decreased $12 million and $8 million in the three and six months ended June 30, 2025, respectively.  The decrease in both periods was due to the following:

Three MonthsSix Months(In millions)Lower demand and prices in the Steel business$(20)$(54)New project in the On-site business— 3 Higher prices in the On-site business2 8 Higher sales in the Renewables business6 35 $(12)$(8)

Fuel, purchased power, and gas — non-utility expense decreased $10 million and $13 million in the three and six months ended June 30, 2025, respectively.  The decrease in both periods was due to the following:

Three MonthsSix Months(In millions)Lower demand and prices in the Steel business$(18)$(46)New project in the On-site business— 1 Higher prices in the On-site business2 6 Higher sales in the Renewables business6 26 $(10)$(13)

Operation and maintenance expense decreased $5 million and $3 million in the three and six months ended June 30, 2025, respectively.  The decrease in the second quarter was primarily due to lower costs in the Renewables business of $4 million.  The decrease in the six-month period was primarily due to lower costs in the Renewables business of $6 million, partially offset by higher costs in the Steel business of $3 million.

Taxes other than income expense increased $1 million and $3 million in the three and six months ended June 30, 2025, respectively.  The increase in the six-month period was primarily due to higher property taxes associated with a new project in the On-site business.

Other (Income) and Deductions decreased $26 million and $6 million in the three and six months ended June 30, 2025, respectively.  The decrease in the second quarter was primarily due to a gain in the Renewables business