DTE Energy Co beat fourth-quarter profit estimates on Thursday as the U.S. electric and gas utility firm likely benefited from cold weather driving up ...
Announced plan to accelerate progress toward a clean energy future Improved electric reliability across service areaAchieved significant growth of...
) (0.01 0.01 — $ The company will conduct a conference call to discuss earnings results at 9:00 a.m. The company has invested nearly $18 billion with Michigan-based vendors since 2010, creating and sustaining 65,000 Michigan jobs. DTE was also recognized as the leading utility sector company nationally. - Led the region in gas customer satisfaction: Proving for the third consecutive year that DTE’s method of buying natural gas when prices are at their lowest and selling it to our customers at cost is the best way to do business, J.D. - Placed Blue Water Energy Center into commercial operation: Completed on time and on budget, the natural gas-powered plant provides cleaner, reliable, affordable electricity for 850,000 homes and is a significant step in reducing carbon emissions. This includes a $9 billion investment over 10 years, supporting Michigan jobs while reducing emissions and improving infrastructure. “We are well-positioned to continue building a brighter future for our customers, communities and our employees in 2023.”
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
This specific project site is near the intersection of Market Avenue and Wealthy Street in Grand Rapids.
DTE Energy Company DTE reported fourth-quarter 2022 operating earnings per share (EPS) of $1.31, which surpassed the Zacks Consensus Estimate of $1.22 by ...
(HE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog earnings_article-2058171) [DTE Energy Company (DTE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DTE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog (NEE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NEE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog earnings_article-2058171) [Duke Energy Corporation (DUK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DUK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog earnings_article-2058171) [Zacks Investment Research](https://www.zacks.com/) [DTE Energy Company Quote](/market-activity/stocks/dte) Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog [See Stocks Now](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=2205&adid=SYND_NASDAQ_ZU_CLEANENERGYREPORTB_ANALYSTBLOG_210_02232023&cid=CS-NASDAQ-FT-analyst_blog The bottom line improved 4% from 50 cents per share in the prior-year quarter. Hawaiian Electric’s total revenues of $1,019.1 million in the fourth quarter improved 32.3% from the prior-year quarter’s $770.3 million. DTE Energy reaffirmed its 2023 operating EPS guidance in the range of $6.09-$6.40. Earnings surpassed the Zacks Consensus Estimate of $6.00 per share by 1.7%.
By Adriano Marchese DTE Energy Co. on Thursday reported a decline in profit in the fourth quarter, while growth on an adjusted basis topped expectations.
Write to Adriano Marchese at [email protected] Operating earnings, an adjusted figure, rose to $1.31 a share from $1.05, beating analyst forecasts of $1.24 for the period, taken from a poll on FactSet. By Adriano Marchese
The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any forward-looking ...
We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. Any forward-looking statements speak only as of the date on which such statements are made. Reconciliation of operating earnings (non-GAAP) to reported earnings included in the appendix The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this document as a result of new information or future events or developments. Words such as "anticipate," "believe," "expect," "may," "could," "projected," "aspiration," "plans" and "goals" signify forward-looking statements.
Leaders of DTE Electric and Consumers Energy said Thursday crews aim to have 95% of more than 700,000 customers affected by this week's ice storm back ...
As part of the audit, the utilities had to detail how downed wires are detected and monitored and how service restoration to facilities like hospitals and schools is prioritized. "DTE Energy has restored power to more than 100,000 customers since the start of the storm," representatives said in a statement. The commission said there has been, "a pattern of widespread, lengthy outages from increasingly severe storms in Michigan." "Both of those events were 180,000 customers out, so relatively close, although it was in the central part of the state. "Once we get those restored, we will then transition to restoring a residential and commercial customers across our service territories. The Detroit-based utility said its storm response team, which includes 1,500 lineworkers, 250 wiredown response employees and 400 out-of-state crews, will be in the field until power is restored to all customers.
Announced plan to accelerate progress toward a clean energy future Improved electric reliability across service areaAchieved significant growth of voluntary ...
Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone ...
Our goal there will be to keep that as low as possible, obviously, and how we generate cash and how we get cash through our plan will be one of the big drivers of that and how we use it in capex. And then — in terms of settlement timing, what should we think about as coming first between the IRP and the electric case? As we build confidence in the IRM, we’ll start with modest amounts going into the IRM, as you’ve seen in our rate case filings, and that will build over a 3-year period. But what I’m trying to say is that this rate case is — next electric rate case happened in such a proximity to the decision in the previous rate case. And I think as end-to-end to what we have in the filing. And — but I this will be resolved in the next rate case. So — just kind of wondering what you’re seeing in terms of new industrial load and if any of that will kind of accrue favorably to DTE in terms of higher electric load. And as we built these plans, we were very careful to ensure that we weren’t going to impact — first of all, never impact safety. And given all the mitigation strategy, can you just comment on — just how should we think about — I think it was a timely call on the storm cost or any weather conditions that could throw you off this midpoint, how much or how should we think of — have you provisioned for that? And is that fully embedded in both the ’23 guidance and the reiterated 6% to 8%? In order to continue to make progress that our customers expect and account for the significant investments we have made in the grid and cleaner generation, the electric company needed to file a rate case. We will pursue a settlement in this case, and we will have an outcome in the second half of this year.
Find power outage maps for DTE Energy, Consumers Energy, Indiana Michigan Power, Midwest Energy Cooperative and more here.
[Wisconsin Electric Power Company's outage map here](https://www.we-energies.com/outagemapext/). To report an outage, call 877-295-5001 or go to its [website](https://outages.lbwl.com/reportoutage/). [Indiana Michigan Power's power outage map here](https://www.indianamichiganpower.com/outages/status). Report power outages and downed wires by calling 800-662-4797. You can report downed power lines by calling 800-477-5050. A small number of southwest Michigan residents, near the Indiana border, use this service. [Lansing Board of Water and Light's power outage map here](https://outages.lbwl.com/gridvu/). [DTE Energy's power outage map here](https://outagemap.dteenergy.com/). Most Michigan residents have Consumers Energy or DTE Energy, but some regions in Michigan use other services; many of those are also listed below. Report any outage or downed line [here](https://outage.dteenergy.com/report-outage). Use