other material
confidence high
sentiment negative
materiality 0.40
DTE Gas Q2 net income falls 52% to $12M; files $266M rate case
DTE ENERGY CO
- DTE Gas Q2 2024 operating revenues $285M (down 7.8% YoY); net income $12M vs $25M in Q2 2023.
- Six-month net income $166M vs $195M; operating income $265M vs $297M.
- Filed $266M rate case with MPSC in Jan 2024; net customer increase $160M; order expected Nov 2024.
- Capital contribution from parent $221M; dividends paid $105M in H1 2024.