Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 106

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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 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 June 30,Six Months Ended June 30,2025202420252024(In millions)Net Income (Loss) Attributable to DTE EnergyElectric segment$318 $278 $441 $449 Gas segment6 12 212 166 DTE Vantage segment31 33 70 41 Energy Trading segment(16)39 51 40 Corporate and Other(110)(40)(100)(61)Net Income Attributable to DTE Energy Company$229 $322 $674 $635 

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 June 30,Six Months Ended June 30,2025202420252024(In millions)Operating RevenuesUtility operations$1,682 $1,611 $3,136 $3,077 Non-utility operations4 5 9 9 1,686 1,616 3,145 3,086 Operating ExpensesFuel and purchased power — utility435 420 845 787 Operation and maintenance368 333 713 717 Depreciation and amortization380 357 762 710 Taxes other than income88 88 182 172 1,271 1,198 2,502 2,386 Operating Income415 418 643 700 Other (Income) and Deductions107 102 215 195 Income Tax Expense (Benefit)(10)38 (13)56 Net Income Attributable to DTE Energy Company$318 $278 $441 $449 

See DTE Electric's Consolidated Statements of Operations for a complete view of its results.  Differences between the Electric segment and DTE Electric's Consolidated Statements of Operations are primarily due to non-utility operations at DTE Sustainable Generation (some of which includes intra-segment activity that is eliminated in consolidation) and the classification of certain benefit costs.  Refer to Note