Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 90

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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430 $(175)_______________________________________(a)For contracts with a clearing agent, DTE Energy nets all activity across commodities.  This can result in some individual commodities having a contra balance.The following table presents the netting offsets of Derivative assets and liabilities showing the reconciliation of derivative instruments to DTE Energy's Consolidated Statements of Financial Position:September 30, 2025December 31, 2024Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative LiabilitiesCurrentNoncurrentCurrentNoncurrentCurrentNoncurrentCurrentNoncurrent(In millions)Total fair value of derivatives$420 $189 $(348)$(157)$488 $206 $(441)$(164)Counterparty netting(300)(102)300 102 (323)(107)323 107 Collateral adjustment(17)(18)— — (3)(14)— — Total derivatives as reported$103 $69 $(48)$(55)$162 $85 $(118)$(57)

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

The effect of derivatives not designated as hedging instruments on DTE Energy's Consolidated Statements of Operations is as follows:Location of Gain (Loss) Recognized in Income on DerivativesGain (Loss) Recognized in Income on Derivatives for the Three Months Ended September 30,Gain (Loss) Recognized in Income on Derivatives for the Nine Months Ended September 30,2025202420252024(In millions)Commodity contractsNatural gasOperating Revenues — Non-utility operations$(18)$(25)$66 $(49)Natural gasFuel, purchased power, gas, and other — non-utility48 45 (98)83 ElectricityOperating Revenues — Non-utility operations90 99 246 189 Environmental & OtherOperating Revenues — Non-utility operations11 (6)34 (10)Foreign currency exchange contractsOperating Revenues — Non-utility operations(1)(1)(1)1 Total$130 $112 $247 $214 Revenues and energy costs related to trading contracts are presented on a net basis in DTE Energy's Consolidated Statements of Operations.  Commodity derivatives used for trading purposes, and financial non-trading commodity derivatives, are accounted for using the MTM method with unrealized and realized gains and losses recorded