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$138.35+2.4%Stored close · as of Nov 9, 2026

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

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Contents

DTE Energy 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, except per share amounts)
Operating Revenues
Utility operations	$2,270	$2,223	$6,937	$6,509
Non-utility operations	1,457	1,304	5,300	4,877
	3,727	3,527	12,237	11,386
Operating Expenses
Fuel, purchased power, and gas — utility	530	502	1,841	1,631
Fuel, purchased power, gas, and other — non-utility	1,320	1,175	4,991	4,517
Operation and maintenance	628	583	2,012	1,754
Depreciation and amortization	506	464	1,487	1,367
Taxes other than income	139	134	429	399
Asset (gains) losses and impairments, net	1	50	4	48
	3,124	2,908	10,764	9,716
Operating Income	603	619	1,473	1,670
Other (Income) and Deductions
Interest expense	317	271	911	777
Interest income	(32)	(26)	(96)	(74)
Other income	(64)	(54)	(189)	(147)
Other expenses	19	15	54	44
	240	206	680	600
Income Before Income Taxes	363	413	793	1,070
Income Tax Benefit	(107)	(6)	(206)	(23)
Net Income Attributable to DTE Energy Company	$470	$419	$999	$1,093
Basic Earnings per Common Share
Net Income Attributable to DTE Energy Company	$2.26	$2.02	$4.80	$5.26
Diluted Earnings per Common Share
Net Income Attributable to DTE Energy Company	$2.25	$2.01	$4.79	$5.26
Weighted Average Common Shares Outstanding
Basic	208	207	208	207
Diluted	208	207	208	207

Consolidated Statements of Comprehensive Income (Unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(In millions)
Net Income	$470	$419	$999	$1,093
Other comprehensive income (loss), net of tax:
Benefit obligations, net of taxes of $— , $—, $1, and $1, respectively	2	1	4	3
Net unrealized gains (losses) on derivatives, net of taxes of $7, $(2), $9 and $(4), respectively	21	(6)	28	(13)
Foreign currency translation	(1)	(2)	(3)	2
Other comprehensive income (loss)	22	(7)	29	(8)
Comprehensive Income Attributable to DTE Energy Company	$492	$412	$1,028	$1,085

Table of Contents`

Consolidated Statements of Financial Position (Unaudited)

	September 30,	December 31,
	2026	2025
(In millions)
ASSETS
Current Assets
Cash and cash equivalents	$33	$208
Restricted cash	44	42
Accounts receivable (less allowance for doubtful accounts of $81 and $60, respectively)
Customer	1,641	2,031
Other	238	118
Inventories
Fuel and gas	431	381
Materials, supplies, and other	1,064	994
Derivative assets	166	143
Regulatory assets	172	170
Prepaid property tax	230	98
Other	207	163
	4,226	4,348
Investments
Nuclear decommissioning trust funds	2,706	2,552
Investments in equity method investees	112	122
Other	204	194
	3,022	2,868
Property
Property, plant, and equipment	47,802	44,623
Accumulated depreciation and amortization	(11,469)	(10,970)
	36,333	33,653
Other Assets
Goodwill	1,993	1,993
Regulatory assets	7,894	7,380
Securitized regulatory assets	564	619
Intangible assets	172	188
Notes receivable	1,572	1,455
Derivative assets	142	89
Prepaid postretirement costs	818	761
Operating lease right-of-use assets	257	271
Other	601	441
	14,013	13,197
Total Assets	$57,594	$54,066

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

	September 30,	December 31,
	2026	2025
(In millions, except shares)
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$1,671	$1,753
Accrued interest	351	273
Dividends payable	243	242
Short-term borrowings	737	882
Current portion long-term debt, including securitization bonds and finance leases	2,853	1,356
Derivative liabilities	147	86
Regulatory liabilities	96	107
Operating lease liabilities	36	32
Other	660	678
	6,794	5,409
Long-Term Debt (net of current portion)
Mortgage bonds, notes, and other	21,942	21,736
Securitization bonds	525	561
Junior subordinated debentures	2,462	1,474
Finance lease liabilities	10	14
	24,939	23,785
Other Liabilities
Deferred income taxes	3,300	3,400
Regulatory liabilities	2,985	2,881
Asset retirement obligations	4,727	4,469
Unamortized investment tax credit	600	402
Derivative liabilities	58	66
Accrued pension liability	209	235
Accrued postretirement liability	246	247
Nuclear decommissioning	430	405
Operating lease liabilities	217	235
Other	418	224
	13,190	12,564
Commitments and Contingencies (Notes 5 and 12)
Equity
Common stock (No par value, 400,000,000 shares authorized, and 208,163,081 and 207,745,154 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively)	6,924	6,858
Retained earnings	5,752	5,484
Accumulated other comprehensive loss	(10)	(39)
Total DTE Energy Company Equity	12,666	12,303
Noncontrolling interests	5	5
Total Equity	12,671	12,308
Total Liabilities and Equity	$57,594	$54,066

Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended September 30,
	2026	2025
(In millions)
Operating Activities
Net Income	$999	$1,093
Adjustments to reconcile Net Income to Net cash from operating activities:
Depreciation and amortization	1,487	1,367
Nuclear fuel amortization	34	50
Allowance for equity funds used during construction	(107)	(72)
Deferred income taxes	(200)	70
Equity (earnings) of equity method investees	(12)	(16)
Dividends from equity method investees	1	2
Asset (gains) losses and impairments, net	4	48
Changes in assets and liabilities:
Accounts receivable, net	260	252
Inventories	(120)	(304)
Prepaid postretirement benefit costs	(57)	(59)
Accounts payable	(239)	(97)
Accrued pension liability	(26)	(27)
Accrued postretirement liability	(1)	(1)
Derivative assets and liabilities	(23)	17
Regulatory assets and liabilities	371	144
Other current and noncurrent assets and liabilities	76	(106)
Net cash from operating activities	2,447	2,361
Investing Activities
Plant and equipment expenditures — utility	(4,067)	(2,999)
Plant and equipment expenditures — non-utility	(45)	(67)
Acquisition related to business combination, net of cash acquired	—	(211)
Proceeds from sale of assets	—	5
Proceeds from sale of nuclear decommissioning trust fund assets	638	592
Investment in nuclear decommissioning trust funds	(642)	(596)
Distributions from equity method investees	9	8
Investment in notes receivable	(193)	(366)
Principal collections on notes receivable	43	15
Other	(129)	(64)
Net cash used for investing activities	(4,386)	(3,683)
Financing Activities
Issuance of long-term debt, net of discount and issuance costs	2,867	4,024
Redemption of long-term debt	(230)	(1,200)
Short-term borrowings, net	(145)	(851)
Dividends paid on common stock	(701)	(653)
Other	(25)	(7)
Net cash from financing activities	1,766	1,313
Net Decrease in Cash, Cash Equivalents, and Restricted Cash	(173)	(9)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	250	88
Cash, Cash Equivalents, and Restricted Cash at End of Period	$77	$79
Supplemental disclosure of non-cash investing and financing activities
Plant and equipment expenditures in accounts payable	$726	$441

Consolidated Statements of Changes in Equity (Unaudited)

Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Noncontrolling Interests
	Common Stock
Shares · Amount · Total
(Dollars in millions, shares in thousands)
Balance, December 31, 2025	207,745	$6,858	$5,484	$(39)	$5		$12,308
Net Income	—	—	247	—	—		247
Dividends declared on common stock ($1.17 per Common Share)	—	—	(242)	—	—		(242)
Issuance of common stock	66	9	—	—	—		9
Other comprehensive income, net of tax	—	—	—	3		3
Stock-based compensation and other	217	5	(2)	—	—		3
Balance, March 31, 2026	208,028	$6,872	$5,487	$(36)	$5		$12,328
Net Income	—	—	282	—	—		282
Dividends declared on common stock ($2.33 per Common Share)	—	—	(485)	—	—		(485)
Issuance of common stock	62	10	—	—	—		10
Other comprehensive income, net of tax	—	—	—	4	—		4
Stock-based compensation and other	(2)	16	(1)	—	—		15
Balance, June 30, 2026	208,088	$6,898	$5,283	$(32)	$5		$12,154
Net Income	—	—	470	—	—		470
Issuance of common stock	60	9	—	—	—		9
Other comprehensive income, net of tax	—	—	—	22	—		22
Stock-based compensation and other	15	17	(1)	—	—		16
Balance, September 30, 2026	208,163	$6,924	$5,752	$(10)	$5		$12,671

Consolidated Statements of Changes in Equity (Unaudited) — (Continued)

Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Noncontrolling Interests
	Common Stock
Shares · Amount · Total
(Dollars in millions, shares in thousands)
Balance, December 31, 2024	207,172	$6,779	$4,946	$(26)	$5	$11,704
Net Income	—	—	445	—	—	445
Dividends declared on common stock ($1.09 per Common Share)	—	—	(226)	—	—	(226)
Issuance of common stock	73	9	—	—	—	9
Other comprehensive loss, net of tax	—	—	—	(2)	—	(2)
Stock-based compensation and other	271	(2)	(2)	—	1	(3)
Balance, March 31, 2025	207,516	$6,786	$5,163	$(28)	$6	$11,927
Net Income	—	—	229	—	—	229
Dividends declared on common stock ($2.18 per Common Share)	—	—	(453)	—	—	(453)
Issuance of common stock	67	8	—	—	—	8
Other comprehensive income, net of tax	—	—	—	1	—	1
Stock-based compensation and other	5	15	1	—	(1)	15
Balance, June 30, 2025	207,588	$6,809	$4,940	$(27)	$5	$11,727
Net Income	—	—	419	—	—	419
Issuance of common stock	64	9	—	—	—	9
Other comprehensive loss, net of tax	—	—	—	(7)	—	(7)
Stock-based compensation and other	31	17	(2)	—	—	15
Balance, September 30, 2025	207,683	$6,835	$5,357	$(34)	$5	$12,163

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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.