DTE ENERGY CO

For the period ended Sep 30, 2026. Filed Nov 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 5, 2026

DTE$138.99+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

DTE Electric Consolidated Financial Statements (Unaudited)

Consolidated Statements of Operations (Unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(In millions)
Operating Revenues — Utility operations	$2,081	$2,037	$5,549	$5,173
Operating Expenses
Fuel and purchased power — utility	583	548	1,579	1,400
Operation and maintenance	408	359	1,199	1,071
Depreciation and amortization	422	383	1,236	1,137
Taxes other than income	107	101	309	283
Asset (gains) losses and impairments, net	—	47	2	47
	1,520	1,438	4,325	3,938
Operating Income	561	599	1,224	1,235
Other (Income) and Deductions
Interest expense	164	142	466	411
Interest income	(4)	(3)	(11)	(6)
Non-operating retirement benefits, net	(1)	(1)	(4)	(4)
Other income	(55)	(45)	(168)	(123)
Other expenses	17	14	49	40
	121	107	332	318
Income Before Income Taxes	440	492	892	917
Income Tax Benefit	(29)	(13)	(58)	(27)
Net Income	$469	$505	$950	$944

Consolidated Statements of Comprehensive Income (Unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(In millions)
Net Income	$469	$505	$950	$944
Other comprehensive income	—	—	—	—
Comprehensive Income	$469	$505	$950	$944

Consolidated Statements of Financial Position (Unaudited)

	September 30,	December 31,
	2026	2025
(In millions)
ASSETS
Current Assets
Cash and cash equivalents	$6	$81
Restricted cash	44	42
Accounts receivable (less allowance for doubtful accounts of $50 and $41, respectively)
Customer	972	805
Affiliates	15	2
Other	103	55
Inventories
Fuel	110	114
Materials and supplies	651	678
Notes receivable
Other	35	—
Regulatory assets	169	158
Prepaid property tax	173	73
Other	63	43
	2,341	2,051
Investments
Nuclear decommissioning trust funds	2,706	2,552
Other	79	72
	2,785	2,624
Property
Property, plant, and equipment	36,420	33,807
Accumulated depreciation and amortization	(8,591)	(8,239)
	27,829	25,568
Other Assets
Regulatory assets	7,362	6,821
Securitized regulatory assets	564	619
Prepaid postretirement costs — affiliates	497	463
Operating lease right-of-use assets	225	237
Other	634	607
	9,282	8,747
Total Assets	$42,237	$38,990

Consolidated Statements of Financial Position (Unaudited) — (Continued)

	September 30,	December 31,
	2026	2025
(In millions, except shares)
LIABILITIES AND SHAREHOLDER’S EQUITY
Current Liabilities
Accounts payable
Affiliates	$63	$71
Other	1,000	839
Accrued interest	162	135
Current portion long-term debt, including securitization bonds and finance leases	861	754
Regulatory liabilities	70	63
Short-term borrowings
Affiliates	726	—
Other	737	652
Operating lease liabilities	32	27
Other	216	228
	3,867	2,769
Long-Term Debt (net of current portion)
Mortgage bonds, notes, and other	13,140	11,852
Securitization bonds	525	561
Finance lease liabilities	3	6
	13,668	12,419
Other Liabilities
Deferred income taxes	3,834	3,812
Regulatory liabilities	1,909	1,798
Asset retirement obligations	4,465	4,217
Unamortized investment tax credit	600	402
Nuclear decommissioning	430	405
Accrued pension liability — affiliates	234	245
Accrued postretirement liability — affiliates	237	237
Operating lease liabilities	190	206
Other	142	66
	12,041	11,388
Commitments and Contingencies (Notes 5 and 12)
Shareholder’s Equity
Common stock ($10 par value, 400,000,000 shares authorized, and 138,632,324 shares issued and outstanding for both periods)	8,949	8,949
Retained earnings	3,712	3,465
Total Shareholder’s Equity	12,661	12,414
Total Liabilities and Shareholder’s Equity	$42,237	$38,990

Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended September 30,
	2026	2025
(In millions)
Operating Activities
Net Income	$950	$944
Adjustments to reconcile Net Income to Net cash from operating activities:
Depreciation and amortization	1,236	1,137
Nuclear fuel amortization	34	50
Allowance for equity funds used during construction	(104)	(71)
Deferred income taxes	(57)	65
Asset (gains) losses and impairments, net	2	47
Changes in assets and liabilities:
Accounts receivable, net	(235)	(79)
Inventories	31	(48)
Accounts payable	33	32
Prepaid postretirement benefit costs — affiliates	(34)	(35)
Accrued pension liability — affiliates	(11)	(11)
Accrued postretirement liability — affiliates	—	(1)
Regulatory assets and liabilities	337	86
Other current and noncurrent assets and liabilities	(154)	(254)
Net cash from operating activities	2,028	1,862
Investing Activities
Plant and equipment expenditures	(3,489)	(2,562)
Proceeds from sale of nuclear decommissioning trust fund assets	638	592
Investment in nuclear decommissioning trust funds	(642)	(596)
Investment in notes receivable	(18)	(157)
Principal collections on notes receivable	18	1
Notes receivable to (from) affiliates	—	42
Other	(52)	(61)
Net cash used for investing activities	(3,545)	(2,741)
Financing Activities
Issuance of long-term debt, net of discount and issuance costs	1,581	1,291
Redemption of long-term debt	(230)	(400)
Short-term borrowings, net — affiliates	726	1,076
Short-term borrowings, net — other	85	(450)
Dividends paid on common stock	(703)	(635)
Other	(15)	(15)
Net cash from financing activities	1,444	867
Net Decrease in Cash, Cash Equivalents, and Restricted Cash	(73)	(12)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	123	59
Cash, Cash Equivalents, and Restricted Cash at End of Period	$50	$47
Supplemental disclosure of non-cash investing and financing activities
Plant and equipment expenditures in accounts payable	$604	$352

Consolidated Statements of Changes in Shareholder's Equity (Unaudited)

Additional Paid-in Capital · Retained Earnings
	Common Stock
Shares · Amount · Total
(Dollars in millions, shares in thousands)
Balance, December 31, 2025	138.632	$1,386	$7,563	$3,465	$12,414
Net Income	—	—	—	215	215
Dividends declared on common stock	—	—	—	(235)	(235)
Balance, March 31, 2026	138,632	$1,386	$7,563	$3,445	$12,394
Net Income	—	—	—	266	266
Dividends declared on common stock	—	—	—	(234)	(234)
Balance, June 30, 2026	138,632	$1,386	$7,563	$3,477	$12,426
Net Income	—	—	—	469	469
Dividends declared on common stock	—	—	—	(234)	(234)
Balance, September 30, 2026	138,632	$1,386	$7,563	$3,712	$12,661

Additional Paid-in Capital · Retained Earnings
	Common Stock
Shares · Amount · Total
(Dollars in millions, shares in thousands)
Balance, December 31, 2024	138,632	$1,386	$6,609	$3,159	$11,154
Net Income	—	—	—	121	121
Dividends declared on common stock	—	—	—	(211)	(211)
Balance, March 31, 2025	138,632	$1,386	$6,609	$3,069	$11,064
Net Income	—	—	—	318	318
Dividends declared on common stock	—	—	—	(212)	(212)
Balance, June 30, 2025	138,632	$1,386	$6,609	$3,175	$11,170
Net Income	—	—	—	505	505
Dividends declared on common stock	—	—	—	(212)	(212)
Balance, September 30, 2025	138,632	$1,386	$6,609	$3,468	$11,463

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.