Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 68

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 their respective fair values as shown below:(In millions)Cash$5 Contract intangibles57 Property, plant, and equipment, net135 Working capital, other assets and liabilities19 Total$216 The intangible assets recorded pertain to existing customer contracts and were estimated by applying the income approach, based on discounted projected cash flows attributable to the existing agreements.  The contract intangible assets are amortized on a straight-line basis with remaining useful lives of 5 years in conjunction with the associated contracts' remaining terms.  The pro forma financial information has not been presented for DTE Energy because the effects of the acquisition were not material to DTE Energy’s Consolidated Statements of Operations.The acquired project constitutes non-utility operations and related revenues are classified accordingly as Operating Revenues — Non-utility operations within DTE Energy's Consolidated Statements of Operations and the Electric segment Results of Operations.  Refer to Note 16 to the Consolidated Financial Statements, "Segment and Related Information."

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

NOTE 5 — REVENUE

Disaggregation of RevenueThe following is a summary of revenues disaggregated by segment for DTE Energy:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Electric(a)Residential$968 $946 $2,421 $2,390 Commercial606 632 1,671 1,759 Industrial169 189 493 559 Other(b)308 (70)611 75 Total Electric operating revenues$2,051 $1,697 $5,196 $4,783 GasGas sales$112 $125 $1,033 $891 End User Transportation44 45 186 180 Intermediate Transportation15 15 62 60 Other(b)38 45 120 99 Total Gas operating revenues$209 $230 $1,401 $1,230 Other segment operating revenuesDTE Vantage$163 $190 $520 $555 Energy Trading$1,179 $840 $4,529 $2,610 _______________________________________(a)Revenues generally represent those of DTE Electric, except $14 million and $2 million of Other revenues related to DTE Sustainable Generation for the three months ended September