DTE Gas Q1 2023 revenue falls to $695M, net income down to $170M

DTE ENERGY CO

Revenue of $695M, down 8% from $756M in Q1 2022; net income of $170M, down 13%.
Operating income $245M vs $275M YoY; cost of gas decreased to $246M from $273M.
Cash from operations $402M (vs $344M); capex $168M, up from $119M.
Parent DTE Energy contributed $216M in capital; dividends paid $47M.
DTE Gas serves ~1.3M natural gas customers in Michigan, regulated by MPSC and FERC.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DTE ENERGY CO reported quarter ended March 31, 2023 results: net income $ 170.

Period: quarter ended March 31, 2023
Net income: $ 170
Result: preliminary results

Exact text from the filing

DTE Energy Company (“DTE Energy”) is furnishing the Securities and Exchange Commission (“SEC”) the financial statements for its indirect wholly-owned subsidiary, DTE Gas Company, for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000936340-23-000105

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