DTE Energy Q1 operating EPS $1.67 beats prior year $1.33; reaffirms FY2024 guidance

DTE Electric Co

GAAP net income $313M ($1.51 diluted EPS) vs $445M ($2.16) in Q1 2023; operating earnings $346M ($1.67) vs $274M ($1.33).
Invested over $1B in Q1 2024 on electric/gas infrastructure; on track for >$4B in 2024.
Reaffirms 2024 operating EPS guidance of $6.54-$6.83.
Accomplishments: ENERGY STAR Partner of Year, 175 years of DTE Gas, MIGreenPower growth, Gallup Exceptional Workplace.
No significant changes to outlook or prior guidance.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DTE Electric Co reported the quarter ended March 31, 2024 results: net income $313 million, EPS $1.51 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: $313 million
EPS: $1.51 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The company also reported first quarter earnings of $313 million or $1.51 per diluted share, compared with $445 million, or $2.16 per diluted share in 2023.

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Source: SEC EDGAR

accession 0000936340-24-000115

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