DTE Energy Q1 operating EPS $1.95; secures Google 1 GW data center deal

DTE Electric Co

Q1 GAAP net income $247M ($1.19 diluted EPS) vs $445M ($2.14) YoY; operating earnings $407M ($1.95) vs $436M ($2.10).
Secured agreement to power Google's 1 GW data center in Michigan; contracts filed with MPSC, expected ~$1.7B affordability benefit for existing customers.
Invested $1.2B in utilities in Q1, including $400M in electric distribution infrastructure for reliability improvements.
60% fewer outages during March severe weather vs similar historical events; 99% of customers restored within 48 hours.
Confirmed 2026 operating EPS guidance range of $7.59-$7.73.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DTE Electric Co reported the quarter ended March 31, 2026 results: net income $247 million, EPS $1.19 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Net income: $247 million
EPS: $1.19 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and dependability of DTE’s natural gas services, all while keeping energy costs as affordable as possible for customers. The company also reported first quarter earnings of $247 million or $1.19 per diluted share, compared with $445 million, or $2.14 per diluted share in 2025. Operating earnings for the first quarter of 2026 were $407 million, or $1.95 per

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Source: SEC EDGAR

accession 0000936340-26-000079

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