Net income for the quarter reached $282 million, or $1.35 a share, climbing from the $229 million, or $1.10 a share, recorded during the same period last year. However, when accounting for one-time items and mark-to-market adjustments, operating earnings dipped to $274 million, or $1.32 a share, compared to $283 million, or $1.36 a share, in the previous year. This performance still outperformed the $1.14 a share consensus estimate from analysts polled by FactSet.
In section Market Quotes
DTE Energy Maintains Earnings Forecast After Quarterly Dip
Detroit-based DTE Energy is holding firm on its full-year earnings projections, even as the utility provider reported a slide in operating income for the second quarter. The company, which services millions of customers across Michigan, managed to exceed analyst expectations despite the cooling performance in its core operational segments.
DTE continues to project 2026 operating earnings between $7.59 and $7.73 a share. This outlook follows a period of growth that saw 2025 operating earnings rise to $7.36 a share. The company currently manages an electric utility serving 2.3 million customers in Southeast Michigan alongside a natural gas business reaching 1.4 million customers throughout the state.
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