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DETROIT, MI - DTE Energy Co. (NYSE:DTE), a Detroit-based energy company with a market capitalization of $27.63 billion, disclosed the financial statements for its indirect wholly-owned subsidiary, DTE Gas Company, for the year ended December 31, 2024, today. The information, which was not deemed filed for purposes of the Securities Exchange Act, was made available on DTE Energy’s website and is incorporated by reference into the SEC filing. According to InvestingPro analysis, DTE maintains a "GOOD" financial health score, though it operates with a significant debt burden.
The financial results cover operations for the full year of 2024 and have been furnished to the SEC as Exhibit 99.1 of the Form 8-K. DTE Energy, which operates within the electric services industry under the Standard Industrial Classification code 4911, has shared these statements in compliance with the SEC’s regulations. The company’s stock currently trades near its 52-week high, with a P/E ratio of 19.64 and a dividend yield of 3.31%.
DTE Energy has also cautioned that the Form 8-K contains forward-looking statements subject to assumptions, risks, and uncertainties. These statements should be read alongside the "Forward-Looking Statements" section of DTE Energy’s 2024 Form 10-K and other SEC reports that discuss factors potentially affecting the company’s actual results. The company has disclaimed any intention to update these forward-looking statements in light of new information or future events. InvestingPro data shows the company has maintained dividend payments for 55 consecutive years, demonstrating long-term financial stability.
The financial details of DTE Gas Company for the concluded year are an essential disclosure for investors and analysts monitoring the performance of DTE Energy’s operations. The company’s common stock, along with its junior subordinated debentures due in 2077, 2080, and 2081, are listed and traded on the New York Stock Exchange under the symbols DTE, DTW, DTB, and DTG, respectively. For deeper insights into DTE’s valuation and performance metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
This report is based on a press release statement and provides a factual representation of DTE Energy’s financial disclosure without speculation or promotional commentary.
In other recent news, Deutsche Telekom (OTC:DTEGY) reported its fourth-quarter 2024 earnings, showcasing a mixed financial performance. The company posted earnings per share of $1.51, which fell short of the forecasted $1.57. However, revenue exceeded expectations, reaching $3.43 billion against a projected $3.17 billion. Deutsche Telekom also achieved record levels in EBITDA, free cash flow, and adjusted earnings, highlighting its strong operational execution. The company’s ambitious targets for 2025 include an EBITDA guidance of €44.9 billion and a free cash flow of €19.9 billion. Deutsche Telekom is focusing on expanding its fiber network, with over 20 million fiber homes in Europe, and maintaining its leadership in technological innovations. Additionally, the company has announced leadership changes, with Srinivas joining T-Mobile US (NASDAQ:TMUS) as the Chief Operating Officer. Looking ahead, Deutsche Telekom aims to continue its fiber expansion and strengthen its mobile network leadership while focusing on B2B growth and AI implementation.
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