DTE Energy Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), DTE Energy Co reported revenue of $15.8B (+26.9% year on year) and net income of $1.5B (+4.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Utility operations | $8.8B | $8.0B | $7.5B | $8.2B |
| Non-utility operations | $7.0B | $4.5B | $5.3B | $11.0B |
| Operating Revenues | $15.8B | $12.5B | $12.7B | $19.2B |
| Fuel, purchased power, and gas — utility | $2.2B | $2.0B | $1.8B | $2.5B |
| Fuel, purchased power, gas, and other — non-utility | $6.4B | $3.9B | $4.4B | $10.7B |
| Operation and maintenance | $2.4B | $2.3B | $2.2B | $2.4B |
| Depreciation and amortization | $1.8B | $1.7B | $1.6B | $1.5B |
| Taxes other than income | $529.0M | $487.0M | $462.0M | $457.0M |
| Asset (gains) losses and impairments, net | $49.0M | $28.0M | $16.0M | ($5.0M) |
| Operating Expenses | $13.4B | $10.4B | $10.5B | $17.5B |
| Operating Income | $2.4B | $2.1B | $2.2B | $1.7B |
| Interest expense | $1.1B | $951.0M | $791.0M | $675.0M |
| Interest income | ($103.0M) | ($136.0M) | ($57.0M) | ($46.0M) |
| Non-operating retirement benefits, net | $0 | $0 | $9.0M | ($1.0M) |
| Other income | ($230.0M) | ($167.0M) | ($102.0M) | ($58.0M) |
| Other expenses | $101.0M | $73.0M | $36.0M | $66.0M |
| Other (Income) and Deductions | $824.0M | $721.0M | $677.0M | $636.0M |
| Income Before Income Taxes | $1.6B | $1.4B | $1.6B | $1.1B |
| Income Tax Expense (Benefit) at Effective Tax Rate | 88000000.0% | -34000000.0% | 169000000.0% | 29000000.0% |
| Net Income Attributable to DTE Energy Company/DTE Electric Company | $1.5B | $1.4B | $1.4B | $1.1B |
| Net Income Attributable to DTE Energy Company (in dollars per share) | $7.04 | $6.78 | $6.77 | $5.53 |
| Net Income Attributable to DTE Energy Company (in dollars per share) | $7.03 | $6.77 | $6.76 | $5.52 |
| Basic (in shares) | 207.0M | 207.0M | 206.0M | 195.0M |
| Diluted (in shares) | 207.0M | 207.0M | 206.0M | 196.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Utility operations | $2.0B | $2.6B | $2.2B | $2.0B |
| Non-utility operations | $1.3B | $2.5B | $1.3B | $1.4B |
| Operating Revenues | $3.4B | $5.1B | $3.5B | $3.4B |
| Fuel, purchased power, and gas — utility | $477.0M | $834.0M | $502.0M | $434.0M |
| Fuel, purchased power, gas, and other — non-utility | $1.1B | $2.5B | $1.2B | $1.4B |
| Operation and maintenance | $651.0M | $733.0M | $583.0M | $596.0M |
| Depreciation and amortization | $498.0M | $483.0M | $464.0M | $451.0M |
| Taxes other than income | $141.0M | $149.0M | $134.0M | $127.0M |
| Asset (gains) losses and impairments, net | $1.0M | $2.0M | $50.0M | ($1.0M) |
| Operating Expenses | $2.9B | $4.7B | $2.9B | $3.0B |
| Operating Income | $458.0M | $412.0M | $619.0M | $427.0M |
| Interest expense | $301.0M | $293.0M | $271.0M | $256.0M |
| Interest income | ($33.0M) | ($31.0M) | ($26.0M) | ($25.0M) |
| Other income | ($66.0M) | ($59.0M) | ($54.0M) | ($49.0M) |
| Other expenses | $15.0M | $20.0M | $15.0M | $15.0M |
| Other (Income) and Deductions | $217.0M | $223.0M | $206.0M | $197.0M |
| Income Before Income Taxes | $241.0M | $189.0M | $413.0M | $230.0M |
| Income Tax Expense (Benefit) | ($41.0M) | ($58.0M) | ($6.0M) | $1.0M |
| Net Income Attributable to DTE Energy Company/DTE Electric Company | $282.0M | $247.0M | $419.0M | $229.0M |
| Net Income Attributable to DTE Energy Company (in dollars per share) | $1.35 | $1.19 | $2.02 | $1.10 |
| Basic (in shares) | 208.0M | 207.0M | 207.0M | 207.0M |
| Diluted (in shares) | 208.0M | 208.0M | 207.0M | 207.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $208.0M | $24.0M | $26.0M | $33.0M |
| Restricted cash | $42.0M | $64.0M | $25.0M | $10.0M |
| Customer | $2.0B | $1.7B | $1.6B | $2.0B |
| Other | $118.0M | $137.0M | $155.0M | $144.0M |
| Fuel and gas | $381.0M | $443.0M | $421.0M | $433.0M |
| Materials, supplies, and other | $994.0M | $802.0M | $633.0M | $509.0M |
| Derivative assets | $143.0M | $162.0M | $297.0M | $328.0M |
| Regulatory assets | $170.0M | $50.0M | $108.0M | $450.0M |
| Other | $261.0M | $235.0M | $242.0M | $235.0M |
| Total Current Assets | $4.3B | $3.6B | $3.5B | $4.2B |
| Nuclear decommissioning trust funds | $2.6B | $2.3B | $2.0B | $1.8B |
| Investments in equity method investees | $122.0M | $128.0M | $166.0M | $165.0M |
| Other | $194.0M | $176.0M | $168.0M | $165.0M |
| Total Investments | $2.9B | $2.6B | $2.4B | $2.2B |
| Property, plant, and equipment | $44.6B | $40.8B | $37.3B | $39.3B |
| Accumulated depreciation and amortization | ($11.0B) | ($9.9B) | ($9.1B) | ($10.6B) |
| Total Property | $33.7B | — | $28.2B | $28.8B |
| Goodwill | $2.0B | $2.0B | $2.0B | $2.0B |
| Regulatory assets | $7.4B | $6.8B | $6.2B | $3.9B |
| Securitized regulatory assets | $619.0M | $690.0M | $758.0M | $206.0M |
| Intangible assets | $188.0M | $144.0M | $156.0M | $166.0M |
| Notes receivable | $1.5B | $898.0M | $420.0M | $331.0M |
| Derivative assets | $89.0M | $85.0M | $109.0M | $105.0M |
| Prepaid postretirement costs | $761.0M | $705.0M | $633.0M | $571.0M |
| Operating lease right-of-use assets | $271.0M | $188.0M | $132.0M | $89.0M |
| Other | $441.0M | $312.0M | $262.0M | $234.0M |
| Total Other Assets | $13.2B | $11.8B | $10.7B | $7.6B |
| Total Assets | $54.1B | $48.8B | $44.8B | $42.7B |
| Accounts payable | $1.8B | $1.4B | $1.4B | $1.6B |
| Accrued interest | $273.0M | $224.0M | $170.0M | $154.0M |
| Dividends payable | $242.0M | $226.0M | $210.0M | $196.0M |
| Short-term borrowings | $882.0M | $1.1B | $1.3B | $1.2B |
| Current portion long-term debt, including securitization bonds and finance leases | $1.4B | $1.3B | $2.1B | $1.1B |
| Derivative liabilities | $86.0M | $118.0M | $177.0M | $342.0M |
| Regulatory liabilities | $107.0M | $181.0M | $71.0M | $34.0M |
| Operating lease liabilities | $32.0M | $21.0M | $17.0M | $13.0M |
| Other | $678.0M | $586.0M | $452.0M | $544.0M |
| Total Current Liabilities | $5.4B | $5.1B | $5.9B | $5.2B |
| Mortgage bonds, notes, and other | $21.7B | $19.2B | $15.8B | $15.8B |
| Securitization bonds | $561.0M | $635.0M | $705.0M | $172.0M |
| Junior subordinated debentures | $1.5B | $884.0M | $883.0M | $883.0M |
| Finance lease obligations | $14.0M | $18.0M | $13.0M | $11.0M |
| Total Long-Term Debt (net of current portion) | $23.8B | $20.7B | $17.4B | $16.9B |
| Deferred income taxes | $3.4B | $3.0B | $2.6B | $2.4B |
| Regulatory liabilities | $2.9B | $2.9B | $2.6B | $2.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $42.0M | $238.0M | $34.0M | $32.0M |
| Restricted cash | $42.0M | $40.0M | $45.0M | $52.0M |
| Customer | $1.7B | $1.9B | $1.4B | $1.6B |
| Other | $267.0M | $193.0M | $185.0M | $162.0M |
| Fuel and gas | $296.0M | $205.0M | $443.0M | $372.0M |
| Materials, supplies, and other | $1.1B | $1.0B | $1.1B | $998.0M |
| Derivative assets | $185.0M | $137.0M | $103.0M | $119.0M |
| Regulatory assets | $239.0M | $297.0M | $82.0M | $26.0M |
| Other | $240.0M | $340.0M | $154.0M | $181.0M |
| Total Current Assets | $4.0B | $4.4B | $3.8B | $3.5B |
| Nuclear decommissioning trust funds | $2.8B | $2.6B | $2.5B | $2.3B |
| Investments in equity method investees | $112.0M | $112.0M | $130.0M | $128.0M |
| Other | $206.0M | $193.0M | $192.0M | $182.0M |
| Total Investments | $3.1B | $2.9B | $2.8B | $2.7B |
| Property, plant, and equipment | $46.8B | $45.6B | $43.4B | $42.0B |
| Accumulated depreciation and amortization | ($11.3B) | ($11.2B) | ($10.7B) | ($10.4B) |
| Total Property | $35.5B | $34.4B | $32.7B | $31.6B |
| Goodwill | $2.0B | $2.0B | $2.0B | $2.0B |
| Regulatory assets | $7.6B | $7.5B | $7.2B | $7.2B |
| Securitized regulatory assets | $582.0M | $601.0M | $637.0M | $655.0M |
| Intangible assets | $177.0M | $183.0M | $190.0M | $137.0M |
| Notes receivable | $1.6B | $1.5B | $1.3B | $1.1B |
| Derivative assets | $90.0M | $67.0M | $69.0M | $65.0M |
| Prepaid postretirement costs | $808.0M | $789.0M | $764.0M | $750.0M |
| Operating lease right-of-use assets | $260.0M | $266.0M | $263.0M | $216.0M |
| Other | $536.0M | $480.0M | $376.0M | $339.0M |
| Total Other Assets | $13.6B | $13.4B | $12.8B | $12.4B |
| Total Assets | $56.2B | $55.1B | $52.0B | $50.2B |
| Accounts payable | $1.7B | $1.6B | $1.3B | $1.4B |
| Accrued interest | $300.0M | $337.0M | $300.0M | $253.0M |
| Dividends payable | $485.0M | $242.0M | $226.0M | $453.0M |
| Short-term borrowings | $0 | $0 | $216.0M | $597.0M |
| Current portion long-term debt, including securitization bonds and finance leases | $1.7B | $1.5B | $326.0M | $248.0M |
| Derivative liabilities | $157.0M | $144.0M | $48.0M | $57.0M |
| Gas inventory equalization | $43.0M | $125.0M | — | $49.0M |
| Regulatory liabilities | $33.0M | $56.0M | $114.0M | $88.0M |
| Operating lease liabilities | $34.0M | $32.0M | $26.0M | $22.0M |
| Other | $611.0M | $539.0M | $438.0M | $433.0M |
| Total Current Liabilities | $5.0B | $4.6B | $3.3B | $3.8B |
| Mortgage bonds, notes, and other | $22.9B | $23.2B | $22.4B | $21.4B |
| Securitization bonds | $542.0M | $545.0M | $582.0M | $598.0M |
| Junior subordinated debentures | $2.5B | $1.5B | $1.5B | $884.0M |
| Finance lease liabilities | $11.0M | $11.0M | $15.0M | $15.0M |
| Total Long-Term Debt (net of current portion) | $25.9B | $25.2B | $24.5B | $22.9B |
| Deferred income taxes | $3.4B | $3.4B | $3.1B | $3.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income | $1.5B | $1.4B | $1.4B | $1.1B |
| Depreciation and amortization | $1.8B | $1.7B | $1.6B | $1.5B |
| Nuclear fuel amortization | $67.0M | $55.0M | $59.0M | $42.0M |
| Allowance for equity funds used during construction | ($105.0M) | ($86.0M) | ($42.0M) | ($29.0M) |
| Deferred income taxes | $358.0M | $194.0M | $181.0M | $44.0M |
| Equity (earnings) losses of equity method investees | ($47.0M) | ($15.0M) | ($3.0M) | $14.0M |
| Dividends from equity method investees | $3.0M | $3.0M | $3.0M | $4.0M |
| Asset (gains) losses and impairments, net | $49.0M | $28.0M | $16.0M | ($5.0M) |
| Accounts receivable, net | ($316.0M) | ($40.0M) | $398.0M | ($352.0M) |
| Inventories | ($127.0M) | ($191.0M) | ($110.0M) | ($98.0M) |
| Prepaid postretirement benefit costs | ($56.0M) | ($72.0M) | ($62.0M) | $107.0M |
| Accounts payable | $255.0M | $45.0M | ($306.0M) | $109.0M |
| Accrued pension liability | $21.0M | ($136.0M) | ($28.0M) | $39.0M |
| Accrued postretirement liability | $14.0M | ($68.0M) | $14.0M | ($71.0M) |
| Derivative assets and liabilities | $6.0M | $25.0M | ($321.0M) | $65.0M |
| Regulatory assets and liabilities | $24.0M | $586.0M | $594.0M | ($766.0M) |
| Other current and noncurrent assets and liabilities | ($40.0M) | $179.0M | ($176.0M) | $323.0M |
| Net cash from operating activities | $3.4B | $3.6B | $3.2B | $2.0B |
| Plant and equipment expenditures — utility | ($4.3B) | ($4.4B) | ($3.9B) | ($3.3B) |
| Plant and equipment expenditures — non-utility | ($86.0M) | ($68.0M) | ($62.0M) | ($67.0M) |
| Acquisition related to business combination, net of cash acquired | ($210.0M) | — | — | $0 |
| Proceeds from sale of assets | $32.0M | $46.0M | $3.0M | $24.0M |
| Proceeds from sale of nuclear decommissioning trust fund assets | $717.0M | $555.0M | $681.0M | $879.0M |
| Investment in nuclear decommissioning trust funds | ($719.0M) | ($559.0M) | ($678.0M) | ($878.0M) |
| Distributions from equity method investees | $18.0M | $30.0M | $25.0M | $16.0M |
| Contributions to equity method investees | ($1.0M) | ($27.0M) | ($27.0M) | ($13.0M) |
| Investment in notes receivable | ($600.0M) | ($449.0M) | ($86.0M) | ($30.0M) |
| Principal collections on notes receivable | $22.0M | — | — | — |
| Investment in time deposits | $0 | ($1.1B) | — | — |
| Redemption of time deposits | $0 | $1.1B | — | — |
| Other | ($134.0M) | ($80.0M) | ($79.0M) | ($51.0M) |
| Net cash used for investing activities | ($5.3B) | ($5.0B) | ($4.1B) | ($3.4B) |
| Issuance of long-term debt, net of discount and issuance costs | $4.4B | $4.5B | $3.2B | $2.2B |
| Redemption of long-term debt | ($1.3B) | ($2.1B) | ($1.6B) | ($1.6B) |
| Short-term borrowings, net | ($185.0M) | ($216.0M) | $121.0M | $404.0M |
| Dividends paid on common stock | ($871.0M) | ($810.0M) | ($752.0M) | ($685.0M) |
| Other | ($25.0M) | ($23.0M) | ($38.0M) | ($82.0M) |
| Net cash from financing activities | $2.1B | $1.3B | $883.0M | $1.5B |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | $162.0M | $37.0M | $8.0M | $8.0M |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | $88.0M | $51.0M | $43.0M | $35.0M |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $250.0M | $88.0M | $51.0M | $43.0M |
| Interest, net of interest capitalized | $978.0M | $869.0M | $751.0M | $638.0M |
| Plant and equipment expenditures in accounts payable | $570.0M | $454.0M | $490.0M | $435.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income | $529.0M | $247.0M | $1.1B | $674.0M |
| Depreciation and amortization | $981.0M | $483.0M | $1.4B | $903.0M |
| Nuclear fuel amortization | $19.0M | $13.0M | $50.0M | $33.0M |
| Allowance for equity funds used during construction | ($70.0M) | ($35.0M) | ($72.0M) | ($46.0M) |
| Deferred income taxes | ($96.0M) | ($53.0M) | $70.0M | ($23.0M) |
| Equity (earnings) of equity method investees | ($7.0M) | ($3.0M) | ($16.0M) | ($11.0M) |
| Dividends from equity method investees | $0 | $0 | $2.0M | $1.0M |
| Asset (gains) losses and impairments, net | $3.0M | $2.0M | $48.0M | ($2.0M) |
| Accounts receivable, net | $191.0M | $33.0M | $252.0M | $68.0M |
| Inventories | $23.0M | $144.0M | ($304.0M) | ($125.0M) |
| Prepaid postretirement benefit costs | ($47.0M) | ($28.0M) | ($59.0M) | ($45.0M) |
| Accounts payable | ($154.0M) | ($144.0M) | ($97.0M) | $37.0M |
| Gas inventory equalization | $43.0M | $125.0M | — | $49.0M |
| Accrued pension liability | ($18.0M) | ($9.0M) | ($27.0M) | ($18.0M) |
| Accrued postretirement liability | ($5.0M) | ($8.0M) | ($1.0M) | ($4.0M) |
| Derivative assets and liabilities | $13.0M | $81.0M | $17.0M | $29.0M |
| Regulatory assets and liabilities | $198.0M | $14.0M | $144.0M | $143.0M |
| Other current and noncurrent assets and liabilities | $76.0M | $44.0M | ($106.0M) | $66.0M |
| Net cash from operating activities | $1.7B | $906.0M | $2.4B | $1.7B |
| Plant and equipment expenditures — utility | ($2.7B) | ($1.2B) | ($3.0B) | ($1.8B) |
| Plant and equipment expenditures — non-utility | ($33.0M) | ($15.0M) | ($67.0M) | ($33.0M) |
| Proceeds from sale of assets | $0 | — | $5.0M | $5.0M |
| Proceeds from sale of nuclear decommissioning trust fund assets | $475.0M | $213.0M | $592.0M | $371.0M |
| Investment in nuclear decommissioning trust funds | ($477.0M) | ($215.0M) | ($596.0M) | ($373.0M) |
| Distributions from equity method investees | $5.0M | $2.0M | $8.0M | $7.0M |
| Investment in notes receivable | ($127.0M) | ($66.0M) | ($351.0M) | ($157.0M) |
| Principal collections on notes receivable | $16.0M | $8.0M | — | — |
| Other | ($85.0M) | ($27.0M) | ($64.0M) | ($31.0M) |
| Net cash used for investing activities | ($2.9B) | ($1.3B) | ($3.7B) | ($2.0B) |
| Issuance of long-term debt, net of discount and issuance costs | $2.6B | $1.6B | $4.0B | $2.4B |
| Redemption of long-term debt | ($137.0M) | ($16.0M) | ($1.2B) | ($1.2B) |
| Short-term borrowings, net | ($882.0M) | ($882.0M) | ($851.0M) | ($470.0M) |
| Dividends paid on common stock | ($467.0M) | ($233.0M) | ($653.0M) | ($435.0M) |
| Other | ($16.0M) | ($15.0M) | ($7.0M) | ($4.0M) |
| Net cash from financing activities | $1.1B | $436.0M | $1.3B | $289.0M |
| Net Decrease in Cash, Cash Equivalents, and Restricted Cash | ($166.0M) | $28.0M | ($9.0M) | ($4.0M) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | $250.0M | $250.0M | $88.0M | $88.0M |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $84.0M | $278.0M | $79.0M | $84.0M |
| Plant and equipment expenditures in accounts payable | $647.0M | $589.0M | $441.0M | $404.0M |
DTE Energy Co score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.