secwatch.observer — SEC 8-K summary
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Issuer:     DTE ENERGY CO (DTE)
CIK:        0000936340
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000936340-23-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936340/000093634023000173/0000936340-23-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936340/000093634023000173/dte-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000936340-23-000173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer