AI-extracted from the 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
DTE Energy net income rose to $282M in Q2 2026 from $229M a year ago, driven by higher Energy Trading earnings and improved tax benefits, offsetting lower Electric segment results.
Biggest Revenue Drivers
Utility operations$2,044M+3% YoY
Power Supply Cost Recovery increased $118M and implementation of new rates contributed $60M, partially offset by lower interconnection sales and unfavorable weather.
Energy Trading$1,153M-13% YoY
Lower gas prices and unfavorable timing of realized gains reduced revenues by $171M, partially offset by other realized gains of $38M.
Biggest Revenue Drivers
Total revenue: $3,369M-1% YoY
Utility operations$2,044M+3% YoY
Power Supply Cost Recovery increased $118M and implementation of new rates contributed $60M, partially offset by lower interconnection sales and unfavorable weather.
Energy Trading$1,153M-13% YoY
Lower gas prices and unfavorable timing of realized gains reduced revenues by $171M, partially offset by other realized gains of $38M.
DTE Vantage$200M+18% YoY
Higher demand and prices in Steel business drove $25M increase; new projects in On-site business contributed $3M.
Largest Expense Items
Operation and maintenance$651M+9% YoY
Higher distribution operations, benefits and compensation, EWR expense, and uncollectible charges; includes $112M litigation penalty for EES Coke matter.
Depreciation and amortization$498M+11% YoY
Higher depreciable base including 15-year amortization of undepreciated Monroe plant balance begun February 2025.
Purchased power, gas, and other — non-utility (Energy Trading)$1,054M-20% YoY
Lower gas prices reduced costs by $219M; unfavorable timing changes in MTM valuation partially offset gains.
Watch Items from the Filing
EES Coke litigation: DTE Energy accrued $120M total ($112M in Q1 2026) after February 2026 court order imposing $100M civil penalty plus $20M for pollution controls and community air quality improvements. Appeal pending.
Ludington plant dispute: DTE Electric estimates repair and replacement costs of $350M–$400M for defective work by contractor Toshiba; MPSC approved deferral as regulatory asset; jury verdict in December 2025 favored DTE Electric but appeals anticipated.
Energy Trading segment volatility: $49M net income in Q2 2026 vs. $(16)M loss in Q2 2025; six-month loss of $(29)M reflects mark-to-market accounting mismatches and gas structured transaction timing; segment expects challenging market conditions.
DTE Electric capital intensity: $30B planned capital 2026–2030 including $15B for cleaner generation; data center agreement announced March 2026 adds ~$5B incremental capex through 2032; regulatory approvals targeted for H2 2026.
Regulatory rate cases: DTE Electric filed April 28, 2026 requesting $474M rate increase effective Feb. 2028; DTE Gas filed Nov. 13, 2025 requesting $163M net increase effective Sept. 2026; outcomes uncertain.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Mcgovern Gail JDirectorOption exercise · May 8, 2026
Mcclure Charles GDirectorGrant or award · May 7, 2026
Santos CassandraDirectorGrant or award · May 7, 2026
Akins Nicholas KDirectorGrant or award · May 7, 2026
Skaggs Robert C JrDirectorGrant or award · May 7, 2026
Williams ValerieDirectorGrant or award · May 7, 2026
About DTE ENERGY CO (DTB): stock profile, AI score and financials
DTE ENERGY CO (DTB) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores DTB at 69.1/100 on a composite quality score built from its SEC filings, placing it at rank #271 of 2,925 stocks — the top 10% of the AI-ranked universe. DTB scores in the top quartile across revenue scale (90.9). Based on the latest XBRL financial filings (Q2 2026), DTE ENERGY CO reports quarterly revenue of $3.4B, net income of $282.0M, an operating margin of 13.6%. Top institutional holders of DTB by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, Capital Research Global Investors, based on the most recent SEC filings. DTB trades on the NYSE exchange and files with the SEC under CIK 936340. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DTB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DTE ENERGY CO directly from SEC EDGAR.