Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 116

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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, DTE Energy will focus on several areas that are expected to improve future performance:

•electric and gas customer satisfaction;

•electric distribution system reliability;

•new electric generation and storage;

•gas distribution system renewal;

•reducing carbon emissions at the electric and gas utilities;

•rate competitiveness and affordability;

•regulatory stability and investment recovery for the electric and gas utilities;

•strategic investments in growth projects at DTE Vantage;

•employee engagement and health, safety, and wellbeing;

•cost structure optimization across all business segments; and

•cash, capital, and liquidity to maintain or improve financial strength.

DTE Energy will continue to pursue opportunities to grow its businesses in a disciplined manner if it can secure opportunities that meet its strategic, financial, and risk criteria.

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RESULTS OF OPERATIONS

The following sections provide a detailed discussion of the operating performance and future outlook of DTE Energy's segments.  Segment information, described below, includes intercompany revenues, expenses, and other income and deductions that are eliminated in the Consolidated Financial Statements.

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Net Income (Loss) Attributable to DTE EnergyElectric segment$506 $437 $947 $886 Gas segment(38)(13)174 153 DTE Vantage segment33 33 103 74 Energy Trading segment33 42 84 82 Corporate and Other(115)(22)(215)(83)Net Income Attributable to DTE Energy Company$419 $477 $1,093 $1,112 

ELECTRIC SEGMENT

The Results of Operations discussion for DTE Electric is presented in a reduced disclosure format in accordance with General Instruction H(2) of Form 10-Q.

The Electric segment consists principally of DTE Electric.  Electric results and outlook are discussed below:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Operating RevenuesUtility operations$2,037 $1,695 $5,173 $4,772 Non-utility operations14 2 23 11 2,051 1,697 5,196 4,783 Operating ExpensesFuel and purchased power — utility546 461 1,391 1,248 Fuel and purchased power — non-utility3 — 3 — Operation and maintenance361 347