DTE Gas Q2 net income flat at $7M; six-month net income up 15% to $202M on higher revenues

DTE ENERGY CO

2022-Q2 EPS reported $2.22

Q2 2022 operating revenues $356M (+36% YoY); net income $7M (unchanged from Q2 2021).
Six-month revenues $1.12B (+28% YoY); net income $202M (+15% from $175M in prior year).
DTE Gas filed with MPSC to accelerate TCJA regulatory liability amortization by up to $20M in Q4 2023; would not affect customer rates.
Capital expenditures $266M in first half 2022; parent contributed $60M equity during Q1.
Customer base approximately 1.3 million across Michigan; allowance for doubtful accounts stood at $39M.

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