DTE Gas Q1 2024 net income $154M, down 9% YoY; files $266M rate case

DTE ENERGY CO

2024-Q1 EPS reported $1.51

Operating revenue $705M, up 1.4% YoY; net income $154M vs $170M in Q1 2023.
Filed 2024 gas rate case with MPSC seeking $266M base rate increase; final order expected Nov 2024.
Cost of gas $257M (+4.5%), O&M $134M (+8.1%), depreciation $54M (+8%).
Notes receivable from affiliates rose $187M; parent contributed $221M in equity.

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 0.9

DTE ENERGY CO reported the quarter ended March 31, 2024 results: revenue $705, net income $154.

Period: the quarter ended March 31, 2024
Revenue: $705
Net income: $154
Result: reported results

Exact text from the filing

Interest Entity 1 Table of Contents DTE Gas Company Consolidated Statements of Operations (Unaudited) Three Months Ended March 31, 2024 2023 (In millions) Operating Revenues $ 705 $ 695 Operating Expenses Cost of gas 257 246 Operation and maintenance 134 124 Depreciation and amortization 54 50 Taxes other than income 32 31 Asset (gains) losses and

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Source: SEC EDGAR

accession 0000936340-24-000119

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