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DTE Energy's Q1 Earnings Surpass Estimates, Rise Year Over Year
DTEDTE Energy(DTE) ZACKS·2025-05-01 14:25

Core Insights - DTE Energy Company reported first-quarter 2025 operating earnings per share (EPS) of 2.10,exceedingtheZacksConsensusEstimateof2.10, exceeding the Zacks Consensus Estimate of 1.98 by 6.1% and improving 25.7% from the previous year's figure of 1.67[1]−ThecompanyreportedGAAPearningsof1.67 [1] - The company reported GAAP earnings of 2.14 per share compared to 1.51intheprior−yearquarter[1]−Operatingnetincomeforthequarterwas1.51 in the prior-year quarter [1] - Operating net income for the quarter was 436 million, up from 346millionintheyear−agoperiod[1]SegmentalDetails−UtilityOperations:DTEElectric′soperatingearningswere71centspershare,downfrom94centsintheprior−yearquarter[2]−DTEGasreportedearningsof99centspershare,anincreasefrom74centsintheyear−agoperiod[2]−Non−UtilityOperationsreportedoperatingearningsof35centspershare,significantlyupfrom6centsinthefirstquarterof2024[2]2025Guidance−DTEEnergyreiteratedits2025operatingEPSguidance,expectingittobeintherangeof346 million in the year-ago period [1] Segmental Details - Utility Operations: DTE Electric's operating earnings were 71 cents per share, down from 94 cents in the prior-year quarter [2] - DTE Gas reported earnings of 99 cents per share, an increase from 74 cents in the year-ago period [2] - Non-Utility Operations reported operating earnings of 35 cents per share, significantly up from 6 cents in the first quarter of 2024 [2] 2025 Guidance - DTE Energy reiterated its 2025 operating EPS guidance, expecting it to be in the range of 7.09-7.23,whiletheZacksConsensusEstimateispeggedat7.23, while the Zacks Consensus Estimate is pegged at 7.24 per share, slightly above the company's guidance [3] Zacks Rank - DTE Energy currently holds a Zacks Rank 3 (Hold) [4] Recent Utility Releases - NextEra Energy, Inc. reported first-quarter 2025 adjusted earnings of 99 cents per share, beating the Zacks Consensus Estimate of 97 cents by 2.1% [5] - FirstEnergy reported first-quarter 2025 operating earnings of 67 cents per share, exceeding the Zacks Consensus Estimate of 60 cents by 11.7% [5] - CMS Energy Corporation reported first-quarter 2025 earnings of 1.02pershare,missingtheZacksConsensusEstimateof1.02 per share, missing the Zacks Consensus Estimate of 1.05 by 2.9% [6] - CMS Energy's operating revenues were 2.45billion,surpassingtheconsensusestimateof2.45 billion, surpassing the consensus estimate of 2.24 billion by 8.9% [6]