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DTE Energy (DTE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · DTE Energy (DTE) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $3.7B · 13¢ of every $1 of revenue kept as net profit · operating margin 16.2%

DTE Energy made $3.7B in Q3 2026 (+6% Y/Y). Operating margin 16.2%, net earnings $470M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$3.7B
Year over year+6%
Operating margin16.2%
Net earnings$470M
Operating cash flow$768M

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DTE Energy Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $3.7B in Q3 2026, up 6% year over year and up 11% from the previous quarter.

Operating profit was $0.60B, a 16.2% margin (down 1.4 points year over year). Operating profit fell $0.02B even though revenue rose $0.20B versus Q3 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 6%. Net earnings were $0.47B, up 12% year over year. The effective tax rate was -29.5%.

Operating cash flow was $0.77B (up 22% year over year), 163% of net earnings. Non-cash charges added back $0.51B of depreciation and amortization. Working capital and other items used $0.21B.

Quarterly history

DTE Energy revenue by quarterDTE Energy revenue by quarter$4.4BQ1 2025$3.4BQ2 2025$3.5BQ3 2025$4.4BQ4 2025$5.1BQ1 2026$3.4BQ2 2026$3.7BQ3 2026
DTE Energy net earnings by quarterDTE Energy net earnings by quarter$445MQ1 2025$229MQ2 2025$419MQ3 2025$369MQ4 2025$247MQ1 2026$282MQ2 2026$470MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$3.7B+6%16.2%$470M$768M
Q2 202610-QJul 28, 2026$3.4B-2%13.6%$282M$773M
Q1 202610-QApr 30, 2026$5.1B+16%8.0%$247M$906M
Q4 202510-KFeb 17, 2026$4.4B+29%15.9%$369M$1.0B
Q3 202510-QOct 30, 2025$3.5B+21%17.6%$419M$632M
Q2 202510-QJul 29, 2025$3.4B+19%12.5%$229M$709M
Q1 202510-QMay 1, 2025$4.4B+37%14.1%$445M$1.0B

Charts

DTE Energy: revenue growth, year over year and quarter over quarterDTE Energy: revenue growth, year over year and quarter over quarterY/YQ/Q+37%Q1 2025+19%-23%Q2 2025+21%+3%Q3 2025+29%+26%Q4 2025+16%+16%Q1 2026-2%-34%Q2 2026+6%+11%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +11%.
DTE Energy: where the cash came from (+) and went (−), TTM to Q3 2026DTE Energy: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$6.0BOperating cash flow$3.5BNet borrowing (+) / repaid (−)$3.5BDividends−$919MOther financing−$43.0MCash drawn (+) / kept (−)$2.0MAcquisitions$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
DTE Energy: profit against cash, quarter by quarterDTE Energy: profit against cash, quarter by quarterNet incomeOperating cash flow$292M$1.1BQ4 2024$445M$1.0BQ1 2025$229M$709MQ2 2025$419M$632MQ3 2025$369M$1.0BQ4 2025$247M$906MQ1 2026$282M$773MQ2 2026$470M$768MQ3 2026
Latest (Q3 2026): Net income $470M, Operating cash flow $768M.
DTE Energy: diluted shares by fiscal yearDTE Energy: diluted shares by fiscal year193MFY2020194MFY2021196MFY2022206MFY2023207MFY2024207MFY2025
+7.3% since FY2020: more shares outstanding (issuance, stock pay).
DTE Energy: long-term debt falling due (FY2025)DTE Energy: long-term debt falling due (FY2025)$1.4B2026$1.7B2027$2.0B2028$2.0B2029$2.5B2030$15.8BLater
Cash $208M, short-term investments —, long-term debt $25.3B at 2025-12-31.
DTE Energy in its industry: growth against margin (53 companies, SIC 4911)DTE Energy in its industry: growth against margin (53 companies, SIC 4911)revenue growth, year over year →↑ operating marginmedian +10%median 24%Southern Power CoSONEEFlorida Power & Light CoCEGNRGAEP Texas Inc.VSTDAEPEIXFirstEnergy Pennsylvania Electric CoETI-PFEEAITVEETRPublic Service Co of New HampshirePPLOncor Electric Delivery Co LLCCNPPNWWELPPTLNPuget Energy IncOGEHEPORHawaiian Electric Co IncTampa Electric CoBasin Electric Power CooperativeTXNMIDAOglethorpe Power CorpIpalco Enterprises, Inc.Tucson Electric Power CoClearway Energy LLCCWENFirstEnergy Transmission, LLCTri-State Generation & Transmission Association, Inc.ITC Holdings Corp.BKHCleco Corporate Holdings LLCOld Dominion Electric CooperativeCleco Power LLCXIFROTTRORAHNRGGreenbacker Renewable Energy Co LLCSPRUOPTTDTE (+6%, 16%)
Electric Services; dot size is quarterly revenue; dashed lines are the industry's medians.

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🔄Rotation against the market and its industry (RRG)interactive

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Customers and suppliers named in filings

Sells to

About DTE Energy

DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.4 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy.

In its own words, from its 8-K, filed Jul 28, 2026.

DTE Energy against its Electric Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +13%. Operating margin: 16.2% against the peers' median 26.9%.

CompanyQuarterRevenueY/YOp. margin
DTE DTE EnergyQ3 2026$3.7B+6%16.2%
Southern PowerQ3 2026$8.8B+13%33.9%
NEE NextEra EnergyQ3 2026$8.1B+2%32.4%
Florida Power & LightQ2 2026$7.5B+12%29.7%
CEG Constellation EnergyQ2 2026$7.5B+23%7.7%
NRG NRG EnergyQ2 2026$7.5B+11%13.0%
AEP TexasQ3 2026$6.8B+14%26.5%
VST VistraQ3 2026$6.3B+28%26.9%
D Dominion EnergyQ3 2026$5.6B+24%32.8%

Source: DTE Energy 10-Q on SEC EDGAR · CIK 936340 · Electric Services

Guidance and outlook

DTE Energy: what its forward-looking statements are about (10-Q filed 2026-11-05)DTE Energy: what its forward-looking statements are about (10-Q filed 2026-11-05)Demand2Legal & regulation1Supply chain1The economy1
5 statements; tone -0.20 (−1 all cautious, +1 all confident); 0 hedged.
DTE Energy: outlook statements against the filing beforeDTE Energy: outlook statements against the filing beforeNew4Updated1Dropped1Cautious1

13F: who owns DTE and who is buying

Largest holders of DTE (13F)Largest holders of DTE (13F)BlackRock$3.9BVanguard Group$3.4BVanguard Capital Management LLC$1.9BCapital Research Global Investors$1.9BState Street$1.7BVanguard Portfolio Management LLC$1.7BCapital World Investors$1.5BGeode Capital Management, LLC$891MAmeriprise Financial$854MJupiter Topco LLC$477M
Funds' net buying of DTE by quarter (13F)Funds' net buying of DTE by quarter (13F)−$13.6M2024-09−$120M2024-12$271M2025-03$499M2025-06−$58.3M2025-09−$272M2025-12$571M2026-03$368M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DTE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:DTE Energy(DTE)财报

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