earnings
confidence high
sentiment positive
materiality 0.60
DTE Gas Q1 2022 revenue $756M, net income $195M, up from $168M YoY
DTE ENERGY CO
2022-Q1 EPS reported
$2.03
- Operating revenues $756M (Q1 2022) vs $605M (Q1 2021), up 25%.
- Operating income $275M vs $216M; net income $195M vs $168M (+16%).
- Cash from operations $344M vs $304M; capital expenditures $119M.
- Effective tax rate 23% (2022) vs 15% (2021) due to lower TCJA amortization.
- Serves ~1.3M Michigan gas customers; regulated by MPSC and FERC.