Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 197

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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$212 $166 

Operating Revenues — Utility operations increased $27 million and $192 million in the three and six months ended June 30, 2025, respectively.  Revenues associated with certain mechanisms and surcharges, including recovery of the cost of gas, are offset by related expenses elsewhere in DTE Energy's Consolidated Statements of Operations.  The increase in both periods was due to the following:

Three MonthsSix Months(In millions)Gas Cost Recovery$8 $77 Weather24 76 Implementation of new rates16 61 Midstream storage and transportation revenues3 8 Regulatory mechanism — RDM2 8 Regulatory mechanism — EWR2 6 Normalized base sales(13)(18)Infrastructure recovery mechanism(19)(37)Other4 11 $27 $192 

Revenue results are impacted by changes in sales volumes, which are summarized in the table below:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In Bcf)Gas MarketsGas sales19 15 90 76 End-user transportation32 37 80 88 51 52 170 164 Intermediate transportation139 114 303 265 Total190 166 473 429 

60

Cost of gas — utility expense increased $7 million and $77 million in the three and six months ended June 30, 2025, respectively.  The increase in the second quarter was primarily due to higher sales volumes of $11 million, partially offset by lower cost of gas of $4 million.  The increase in the six-month period was primarily due to higher sales volumes of $57 million and higher cost of gas of $20 million.

Operation and maintenance expense increased $21 million and $41 million in the three and six months ended June 30, 2025, respectively.  The increase in the second quarter was primarily due to higher gas operations expense of $12 million, higher EWR expense of $3 million, higher corporate support costs of $3 million, and higher benefits and other compensation expense of $2 million.  The increase in the six-month period was primarily due to higher gas operations expense of $25 million, higher EWR expense of $7 million, higher uncollectible expense of $6 million, higher legal expense of $6 million, and higher corporate support costs of $3 million, partially offset by one-time costs resulting from the voluntary separation incentive program of $8