DTE Gas Q2 net income surges to $25M from $7M YoY; revenue slips on lower gas costs

DTE ENERGY CO

2023-Q2 EPS reported $3.13

Net income $25M for Q2 2023 vs $7M in Q2 2022; operating income $52M vs $32M.
Revenue decreased 13% to $309M from $356M, driven by lower cost of gas (GCR mechanism).
Six-month net income $195M (down 3.5% YoY); revenue $1,004M (down 9.7% YoY).
Received $216M capital contribution from parent DTE Energy in Q1; paid $96M dividends in H1.
DTE Gas serves ~1.3M Michigan customers and remains regulated by the MPSC.

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 0.7

DTE ENERGY CO reported financial results for the quarter ended June 30, 2022.

Period: the quarter ended June 30, 2022
Result: reported 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 June 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

DTE ENERGY CO reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported 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 June 30, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

DTE ENERGY CO filing history →

Source: SEC EDGAR

accession 0000936340-23-000173

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