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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.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

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
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $3.7B | +6% | 16.2% | $470M | $768M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $3.4B | -2% | 13.6% | $282M | $773M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $5.1B | +16% | 8.0% | $247M | $906M |
| Q4 2025 | 10-K | Feb 17, 2026 | $4.4B | +29% | 15.9% | $369M | $1.0B |
| Q3 2025 | 10-Q | Oct 30, 2025 | $3.5B | +21% | 17.6% | $419M | $632M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $3.4B | +19% | 12.5% | $229M | $709M |
| Q1 2025 | 10-Q | May 1, 2025 | $4.4B | +37% | 14.1% | $445M | $1.0B |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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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%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DTE DTE Energy | Q3 2026 | $3.7B | +6% | 16.2% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: DTE Energy 10-Q on SEC EDGAR · CIK 936340 · Electric Services
Guidance and outlook
13F: who owns DTE and who is buying
More on DTE
- How DTE Energy makes money: revenue by segment
- DTE Energy next earnings date and what analysts expect
- DTE Energy stock forecast, price target and fair value
- Who owns DTE Energy stock: holders, funds and Congress trades
- DTE Energy guidance and outlook
- Is DTE Energy a takeover target? LBO and rumors
- DTE Energy recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results