NYSE$DTE

DTE Energy Co · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

DTE Energy's Q4 2023 earnings were announced, highlighting strategic infrastructure investments and progress in clean energy initiatives.

DTE Energy reported Q4 2023 earnings with a focus on infrastructure investments and clean energy advancements. The company invested a record $3.8 billion in electric and natural gas infrastructure in 2023. While specific Q4 revenue figures were not provided, the company highlighted progress in reliability improvements, cost savings for customers, and support for vulnerable customers.

  • Invested more than $3.8 billion in electric and gas infrastructure to improve reliability and generate more clean energy.
  • Reduced customers' bills by $300 million in fuel and transportation cost savings.
  • Secured nearly $160 million in energy assistance for vulnerable customers.
  • Placed Michigan’s largest wind park in operation.

Headline financials

Total Revenue

$3.25B

Previous: $4.48B-27.5%
EPS (adj)

$1.97

Previous: $1.31+50.4%
Capital Expenditures

-$1.12B

No prior period
Net Income

$419M

Previous: $265M+58.1%
Operating Income

$406M

Previous: $462M-12.1%
Gross Profit

$646M

No prior period

Revenue & EPS history

DTE Energy · Revenue · Quarterly

$3.25B

Q4 2023-27.5%vs Q4 2022
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

DTE Energy confirms its 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 Q4 2023

Historical avgQ4 2023

+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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