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Dte Energy Company (DTE)
NYSE:DTE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.57Last Year’s EPS
$1.97Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -6.71%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance and operational achievements, particularly in employee engagement, storm restoration, and renewable energy expansion. However, challenges remain in the gas operations and regulatory pressures affecting capital plans. Overall, the sentiment is balanced with positive achievements slightly outweighing the challenges.Company Guidance
During the DTE Energy Q3 2024 earnings call, the company reaffirmed its commitment to delivering its 2024 operating earnings per share (EPS) guidance, with year-to-date performance positioning them strongly for the remainder of the year. DTE is targeting a long-term EPS growth rate of 6% to 8%, supported by strategic capital investments aimed at improving grid reliability and transitioning to cleaner energy. The company highlighted its robust cash flow and minimal equity issuance plans, maintaining a strong balance sheet with an FFO to debt ratio of 15% to 16%. Notable achievements include restoring 95% of power outages within 48 hours during severe weather events and advancing renewable energy projects to add 800 megawatts to its portfolio. Additionally, employee engagement at DTE ranks in the 94th percentile globally, contributing to its operational successes and recognitions such as a top score on the Disability Equality Index.Strong Employee Engagement
DTE's employee engagement ranks in the 94th percentile globally, contributing to the company's success and recognized as a Best Place to Work for disability inclusion.
Storm Restoration Success
During an extreme weather event, DTE restored nearly 95% of customers' power within 48 hours, showcasing improvements in grid reliability.
Renewable Energy Expansion
DTE broke ground on 3 new solar parks, adding 800 megawatts to its renewable portfolio, supporting the MIGreenPower voluntary renewable program.
Third Quarter Financial Performance
Operating earnings for the quarter were $460 million, translating into $2.22 per share, with notable performance in DTE Electric earnings at $437 million.
Voluntary Renewable Program Growth
The MIGreenPower program has 2,500 megawatts subscribed, exceeding initial expectations and indicating strong demand for voluntary renewables.
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DTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $128.82 | $128.60 | -0.17% |
| Jul 25, 2024 | $115.90 | $116.18 | +0.24% |
| Apr 25, 2024 | $108.65 | $108.26 | -0.36% |
| Feb 08, 2024 | $101.53 | $100.58 | -0.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dte Energy Company (DTE) report earnings?
Dte Energy Company (DTE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Dte Energy Company (DTE) earnings time?
Dte Energy Company (DTE) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTE EPS forecast?
DTE EPS forecast for the fiscal quarter 2024 (Q4) is $1.57.
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