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Investing.com - DTE Energy (NYSE:DTE) reported first quarter earnings that exceeded analyst expectations, driven by significant investments in its utilities and improved operational performance.
The company also reaffirmed its full-year 2025 guidance, which aligns with current market estimates.
The Detroit-based utility company posted adjusted earnings per share of $2.14 for the first quarter, surpassing the analyst consensus of $1.91 by $0.23. This represents a 25.7% increase from $1.67 per share in the same quarter last year. Revenue figures for the quarter were not provided in the earnings release.
DTE Energy confirmed its 2025 operating earnings per share guidance range of $7.09 to $7.23, with the midpoint of $7.16 slightly below the analyst consensus of $7.21.
Jerry Norcia, DTE Energy chairman and CEO, emphasized the company’s focus on infrastructure improvements, stating, "We know that when we invest, it works, which is why we are making significant investments to build the electric grid of the future, making it more resilient to extreme weather and more reliable for our customers."
The company reported investing over $850 million into its utilities in the first quarter of 2025 and remains on track to invest $4.4 billion this year.
These investments are aimed at improving electric reliability, increasing renewable energy generation, and ensuring safe and reliable natural gas service.
David Ruud, DTE executive vice president and CFO, added, "We remain focused on achieving strong financial results and a constructive relationship with our regulators to continue investing above our generated cash flows."
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