DTE Energy Q2 net income rises; maintains 2026 operating EPS guidance

DTE Energy

28/07/2026 12:11

Overview
U.S. utility's Q2 operating earnings fell yr/yr to $274 mln, with EPS at $1.32
Reported Q2 net income rose to $282 mln, or $1.35 per diluted share
Company reaffirmed 2026 operating EPS guidance of $7.59 to $7.73

Outlook
DTE Energy confirms 2026 operating EPS guidance of $7.59 to $7.73
Company plans to refrain from filing another electric rate request until at least 2028
Company says it will continue investing in reliability and clean energy in 2026

Result Drivers
INFRASTRUCTURE INVESTMENT - Co said it invested over $900 mln in H1 2026 to improve electric reliability and support affordability, including grid modernization and smart grid technology
CLEAN ENERGY INITIATIVES - Co advanced clean energy through a $1.6 bln battery storage investment and expanded renewable energy partnership with University of Michigan

Company press release: ID:nPn61B2mRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$1.35
 
Q2 Operating Earnings
 
$274 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for DTE Energy Co is $165.00, about 12.1% above its July 27 closing price of $147.23
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
July 28 - CMS Energy Q2 revenue misses estimates; maintains long-term adjusted EPS growth target
July 28 - CenterPoint Energy Q2 profit beats estimates, raises capital plan
July 28 - Largest US power grid moves ahead with plan to meet swelling demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)