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Dec 31, 2023

DTE Energy Q4 2023 Earnings Report

DTE Energy's Q4 2023 earnings were announced, highlighting strategic infrastructure investments and progress in clean energy initiatives.

Key Takeaways

DTE Energy reported Q4 2023 earnings with a focus on infrastructure investments and clean energy advancements. The company invested a record $3.8 billion in electric and natural gas infrastructure in 2023. While specific Q4 revenue figures were not provided, the company highlighted progress in reliability improvements, cost savings for customers, and support for vulnerable customers.

Invested more than $3.8 billion in electric and gas infrastructure to improve reliability and generate more clean energy.

Reduced customers' bills by $300 million in fuel and transportation cost savings.

Secured nearly $160 million in energy assistance for vulnerable customers.

Placed Michigan’s largest wind park in operation.

Total Revenue
$3.25B
Previous year: $4.48B
-27.5%
EPS
$1.97
Previous year: $1.31
+50.4%
Gross Profit
$646M
Cash and Equivalents
$51M
Previous year: $33M
+54.5%
Free Cash Flow
-$267M
Total Assets
$44.8B
Previous year: $42.7B
+4.9%

DTE Energy

DTE Energy

DTE Energy Revenue by Segment

Forward Guidance

DTE Energy confirms its 2024 operating EPS guidance of $6.54 - $6.83.

Revenue & Expenses

Visualization of income flow from segment revenue to net income