other material
confidence high
sentiment negative
materiality 0.60
DTE Gas Q3 net loss widens to $11M; rate case decision expected Nov 2024
DTE ENERGY CO
- Q3 2024 net loss of $11M vs $5M loss in Q3 2023; operating income fell to $8M from $16M.
- Nine-month net income $155M vs $190M YoY; revenue $1.22B vs $1.23B.
- Filed Jan 2024 rate case seeking $266M base rate increase; MPSC order expected Nov 2024.
- Parent contributed $221M capital YTD; total shareholder's equity rose to $2.94B from $2.72B.
- Long-term debt $2.54B; net property, plant & equipment $6.42B.