Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 72

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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  Diluted earnings per share reflect the dilution that would occur if any potentially dilutive instruments were exercised or converted into common shares.  DTE Energy’s participating securities are restricted shares under the stock incentive program that contain rights to receive non-forfeitable dividends.  Performance shares do not receive cash dividends; as such, these awards are not considered participating securities.The following is a reconciliation of DTE Energy's basic and diluted income per share calculation:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions, except per share amounts)Basic Earnings per ShareNet Income Attributable to DTE Energy Company$419 $477 $1,093 $1,112 Less: Allocation of earnings to net restricted stock awards1 2 3 3 Net income available to common shareholders — basic$418 $475 $1,090 $1,109 Average number of common shares outstanding — basic207 207 207 207 Basic Earnings per Common Share$2.02 $2.30 $5.26 $5.37 Diluted Earnings per ShareNet Income Attributable to DTE Energy Company$419 $477 $1,093 $1,112 Less: Allocation of earnings to net restricted stock awards1 2 3 3 Net income available to common shareholders — diluted$418 $475 $1,090 $1,109 Average number of common shares outstanding — diluted207 207 207 207 Diluted Earnings per Common Share$2.01 $2.30 $5.26 $5.36 

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Table of ContentsDTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

NOTE 9 — FAIR VALUE

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in a principal or most advantageous market.  Fair value is a market-based measurement that is determined based on inputs, which refer broadly to assumptions that market participants use in pricing assets or liabilities.  These inputs can be readily observable, market corroborated, or generally unobservable inputs.  The Registrants make certain assumptions they believe that market participants would use in pricing assets or liabilities, including assumptions about risk, and the risks inherent in