NYSE$DTE

DTE Energy Co · Q1 2024 earnings

Q1 2024 earnings · · Before market open · Investor relations

Briefing

DTE Energy reported first quarter earnings and accomplishments.

DTE Energy reported first quarter earnings of $313 million, or $1.51 per diluted share, compared with $445 million, or $2.16 per diluted share in 2023. Operating earnings for the first quarter 2024 were $346 million, or $1.67 per diluted share, compared with 2023 operating earnings of $274 million, or $1.33 per diluted share.

  • Continued significant investments to improve reliability and transition to cleaner generation; on track to invest more than $4 billion into our utilities in 2024
  • Earned the ENERGY STAR Partner of the Year award for sustained excellence in energy efficiency.
  • Celebrated 175 years of service at DTE Gas.
  • Grew MIGreenPower voluntary renewables program by enrolling Taubman Realty Group and other customers.

Headline financials

Total Revenue

$22M

Previous: $22M+0.0%
EPS (adj)

$1.67

Previous: $1.33+25.6%
Net Income

$313M

Previous: $445M-29.7%
Operating Income

$517M

Previous: $652M-20.7%
Gross Profit

$22M

Previous: $22M+0.0%
Cash & Equivalents

$292M

Previous: $115M+153.9%
Total Assets

$45.9B

Previous: $42.5B+8.0%

Revenue & EPS history

DTE Energy · Revenue · Quarterly

$22M

Q1 2024+0%vs Q1 2023
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.1%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+4.5%

Q1 2020

Best reaction

-3.7%

Q3 2009

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-2.4%-2.8%
Q4 2025+0.9%+0.0%+1.5%
Q3 2025-0.6%-3.9%-1.3%
Q1 2025-1.1%+0.5%-0.3%
Q4 2024+2.9%+0.2%+3.6%
Q3 2024-2.6%-4.7%-4.1%
Q2 2024+0.2%+2.3%+5.0%
Q1 2024-1.8%-1.1%+1.3%
Q4 2023-0.8%+3.1%+3.5%
Q3 2023+2.5%+2.4%+12.2%
Q2 2023-2.0%-2.3%-9.5%
Q1 2023-0.5%-1.2%-5.7%
Q4 2022+0.2%-2.7%-5.4%
Q3 2022+4.0%+3.0%+5.1%
Q2 2022+2.9%+2.6%+5.2%
Q1 2022-2.5%-3.5%-0.1%
Q4 2021-3.6%-0.1%+7.8%
Q3 2021-1.7%-2.9%-4.9%
Q2 2021+1.6%+1.2%+4.0%
Q1 2021-0.7%+1.8%+0.3%
Q4 2020+1.8%+5.1%+10.8%
Q3 2020-1.7%-0.7%+6.4%
Q2 2020+1.1%+1.4%+2.6%
Q1 2020+4.5%-1.9%+4.9%
Q4 2019+0.8%-10.5%-25.1%
Q3 2019-1.3%-0.9%-2.5%
Q2 2019-0.1%+0.6%+0.2%
Q1 2019+0.8%+0.4%+4.6%
Q4 2018+1.3%+2.1%+5.2%
Q3 2018+2.8%+1.5%+4.2%
Q2 2018+2.0%+1.0%+4.9%
Q1 2018+0.6%+1.2%-1.9%
Q4 2017+0.1%+1.4%+3.6%
Q3 2017-2.3%-2.1%-0.0%
Q2 2017+1.0%+0.7%+4.9%
Q1 2017+0.8%-0.3%+4.4%
Q4 2016-1.4%+2.8%+3.3%
Q3 2016-0.3%+2.1%+0.0%
Q2 2016-1.6%-1.3%-3.7%
Q1 2016+1.4%
Q4 2015-3.2%
Q3 2015-1.6%
Q2 2015+3.3%
Q1 2015-1.6%
Q4 2014-2.5%
Q3 2014+0.8%
Q2 2014-0.3%
Q1 2014+1.1%
Q4 2013+3.7%
Q3 2013+3.0%
Q2 2013+0.8%
Q1 2013-0.1%
Q4 2012+0.1%
Q3 2012+1.4%
Q2 2012+2.6%
Q1 2012+0.3%
Q4 2011+2.1%
Q3 2011-0.4%
Q2 2011-3.0%
Q1 2011+0.8%
Q4 2010-0.9%
Q3 2010-3.3%
Q2 2010+1.0%
Q1 2009-0.2%
Q1 2010+0.4%
Q4 2007-0.8%
Q4 2009-0.8%
Q3 2008-3.7%
Q3 2009-3.7%
Q2 2009-1.3%
Q2 2008-1.3%
Q4 2008-1.3%

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