Analyst Report: DTE Energy Co.

Argus

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Nov 14, 2025

Summary

DTE Energy is simply a Detroit-based diversified vigor institution with state and electrical operations with generation, transmission, and organisation operations. Its subsidiaries see Detroit Edison, an electrical inferior serving 2.3 cardinal customers successful Southeastern Michigan; MichCon, a earthy state inferior serving 1.3 cardinal customers successful Michigan; and different nonutility vigor trading businesses, substance transportation, and marketing. The institution presently has erstwhile atomic generating facility. In 2021, DTE completed the spinoff of its midstream state pipeline operations. Utility revenues accounted for astir 65% of 2024 full revenue. Almost 80% of 2024 operating net were from DTE Electric, 18% from DTE Gas, and 7% from Energy Trading.

DTE's substance premix is astir 40% coal, 20% nuclear, and 22% earthy gas, with the remainder from different sources. The institution is expanding its usage of renewable fuels. It is much reliant connected ember than immoderate peers are but is readying to halt utilizing ember astatine its Belle River p