DTE Gas Co Q3 net loss narrows to $24M; nine-month net income rises to $178M

DTE ENERGY CO

2022-Q3 EPS reported $4.21

Q3 operating revenues $225M (+18% YoY); net loss $24M vs $29M loss a year ago.
Nine-month net income $178M vs $146M; operating income $297M vs $224M.
Parent DTE Energy contributed $60M capital in 9 months vs $147M prior year.
Dividends paid to parent: $122M in 9 months, up from $111M.
Effective tax rate rose to 21% (Q3) and 24% (YTD) due to lower TCJA regulatory liability amortization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DTE ENERGY CO reported the quarter ended September 30, 2022 results: revenue $ 225, net income $ (24).

Period: the quarter ended September 30, 2022
Revenue: $ 225
Net income: $ (24)
Result: reported results

Exact text from the filing

Company Consolidated Statements of Operations (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 (In millions) Operating Revenues $ 225 $ 190 $ 1,337 $ 1,056 Operating Expenses Cost of gas 37 21 423 255 Operation and maintenance 131 123 403 378 Depreciation and amortization 46 43 138 128 Taxes other than income 21

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Source: SEC EDGAR

accession 0000936340-22-000208

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