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Dte Energy Co  (DTE)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


 

Dte Energy Co

DTE's Financial Statements and Analysis



Dte Energy Co reported in the forth quarter of 2023 net earnings per share of $1.92 an increase by 46.51 % year on year from $1.31 and an improvement of 19.38 % from $1.61 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 1.92 $  3,394 Mill
$+0.61     +46.51 % $-1,082M     -24.17 %



Dte Energy Co's Revenue fell by -24.17 % in forth quarter of 2023 (Dec 31 2023) year on year, to $3,394 million and advanced by 17.52 % sequentially.


Dte Energy Co is

More on DTE's Income Statement



Dte Energy Co's net income of $419.000 million in the forth quarter of 2023 increased by 58.11 % from net earnings of $265.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 26.2 % from net income of $332.000 million realized in previous quarter.

More on DTE's Growth




Dte Energy Co Inventories
Inventories declined by -2.77 % to $421.00 million from IV. Quarter a year ago, sequentially inventories fell by -9.07 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-15 million


Dte Energy Co payed out dividend of $3.65 per share in last 52 weeks representing 54.80 % of net earning per share in trailing twelve-month period.

During the same period Dte Energy Co earned $ 15.58 cash per share, on a free-cash flow basis 233.95 % of net earning per share.

Book value grew by 1.53 % sequentially to $53.49 per share, 7.22% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 43.10 per share from $ 42.24.

Company issued 0.66 million shares or 0.32 % in Dec 31 2023.
Interest Coverage Ratio was 2.98. Debt Coverage Ratio was 0.06.

More on DTE's Dividends

 Market Capitalization (Millions) 22,625
 Shares Outstanding (Millions) 207
 Total Debt (Millions $) 36,664
 Revenue (TTM) (Millions $) 12,745
 Net Income (TTM) (Millions $) 1,397
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 3.65 $
 Dividend Yield TTM (%) 3.32 %
 Employees (TTM) $ 10,300




Dte Energy Co payed out dividend of $3.65 per share in the last 52 weeks representing 54.80 % of net earning per share in trailing twelve-month period.

During the same period Dte Energy Co had $ 15.58 cash flow per share, on a free-cash flow basis 233.95 % of net earning per share.

Book value grew by 1.53 % sequentially to $53.49 per share, 7.22% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 43.10 per share from $ 42.24.

Company issued 0.66 million shares or 0.32 % in Dec 31 2023.
Interest Coverage Ratio was 2.98. Debt Coverage Ratio was 0.06.

More on DTE's Balance Sheets

 Market Capitalization (Millions) 22,625
 Shares Outstanding (Millions) 207
 Total Debt (Millions $) 36,664
 Revenue (TTM) (Millions $) 12,745
 Net Income (TTM) (Millions $) 1,397
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 3.65 $
 Dividend Yield TTM (%) 3.32 %
 Employees (TTM) $ 10,300
   


  News about Dte Energy Co Earnings

DTE Energy Co's Q4 2023 Financial Report: Significant Increase in Earnings Despite Dip in Revenue

DTE Energy Co, a prominent electric utilities company based in Detroit, Michigan, has recently announced significant financial results for the October to December 31, 2023 time-frame. The company reported a notable income elevation of 46.51% to $1.92 per share, despite a fading revenue of -24.173% to $3.39 billion compared to the previous year. This increase in earnings is a positive sign for investors and showcases the company's ability to generate profit even amidst challenging market conditions.
In contrast to the revenue decline, DTE Energy Co's earnings per share (EPS) improved by 19.38% from $1.61 per share in the same time-frame a year ago. Earnings of $419.000 million for the October to December ...

DTE Energy Co's Revenue Takes a Noticeable Dive in Q3 2023 Financial Results

DTE Energy Co, a leading electric utility company, has experienced a decline in its stock performance over the last five trading days. The company's shares have dropped by -1.77%, bringing the year-to-date performance to -18.03%. However, it is worth noting that DTE Energy Co shares are still trading 7.1% above their 52-week low.
The company recently released its financial results for the fiscal third quarter of 2023. In terms of income, DTE Energy Co saw a decrease of -19.1% to $1.61 per share, compared to $1.99 per share in the same period last year. However, the company's earnings per share (EPS) showed significant growth, soaring by 65.98% from $0.97 per share in the preceding financial reporting per...

DTE Energy Co. Posts a Noteworthy 410.53% Ascension in EPS Amidst the Financial Landscape of Q2 2023 Despite a Rapid Decrease in Revenue



DTE Energy Co, a prominent player in the Electric Utilities industry, has disclosed its financial results for the three-month period ending June 30, 2023. The report reveals a significant increase in income, despite experiencing a decline in revenue. This article aims to interpret the financial results and put them into context in light of the company's recent stock performance.
Financial Results:
In the second quarter of 2023, DTE Energy Co witnessed an impressive income growth rate of 410.53%, with earnings per share reaching $0.97. However, this surge came alongside a rapid decline in revenue, which plummeted by -45.491% to $2.68 billion compared to the same quarter in the previous year....


Date modified: 2024-02-08T17:54:41+00:00





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