DTE Energy expects to sell DTE Vantage for approximately $3 billion in 1H 2027, invest proceeds in utilities, and target operating EPS CAGR greater than 9% through 2031 under a $44 billion five-year capital plan.
DTE · Dte Energy Co
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DTE Energy Company reported that its gas subsidiary requested a net base-rate increase of $163 million and a 10.25% return on equity; the MPSC instead approved an annual revenue increase of $149 million and a 9.8% return on equity.
DTE Energy announced the approximately $3 billion sale of DTE Vantage, targeting a close in the first half of next year, and increased its five-year utility investment plan to approximately $44 billion. The company forecasts annual operating EPS CAGR of greater than 9% through 2031.
DTE Energy reported net income attributable to it of 999 million for the nine months ended September 30, 2026, down from 1,093 million. It estimates $39 billion of electric capital investment over 2027-2031.
DTE Energy Company agreed to sell DTE Vantage to Velocity BidCo LLC for $2,970,672,573, subject to adjustments. The transaction is expected to close in mid-2027, subject to regulatory approvals and other closing conditions.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. DTE Energy reaffirmed it remains on track to reach the high end of its 2026 operating EPS guidance range and confirmed its 6% to 8% long-term operating EPS growth target through 2030, with the Google data center contract pending MPSC approval expected in September. Q2 operating EPS was $1.32, with DTE Electric earnings down $48 million year-over-year due to prior-year tax timing benefits, higher rate-base costs, and colder weather.
- + Company is on track to reach the high end of 2026 operating EPS guidance range
- + Google 1 GW data center contract progressing through MPSC approval, providing upside to long-term plan
- + Data center pipeline of 5-6 GW, including ~2 GW in advanced discussions, with target of additional agreement by end of 2026
- + Data center agreements expected to provide ~$300M annual benefits (Oracle) and ~$1.7B over contract life (Google) for existing customers
- + Energy trading earnings $17M higher YoY; DTE Vantage earnings $14M higher YoY
- − DTE Electric Q2 operating earnings were $48 million lower than Q2 2025
- − DTE Gas Q2 operating earnings were $10 million lower than Q2 2025
- − July storm impacted nearly 400,000 customers with significant damage, extending restoration times beyond targets
- − S&P downgraded Oracle's credit within investment grade; S&P downgraded Oracle's credit still within the investment grade level
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this companyEquibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| former MGP sites | 14 | September 30, 2026 | — |
| represented employees | 1,150 | Q3 FY2026 | — |
| represented employees as percent of total employees | 66% | Q3 FY2026 | — |
| total funded debt to total capitalization ratio | 0.52 | At September 30, 2026 | — |
| Accrued for remediation | $25M | At June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Regulated Electric — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DTE
this stock
Dte Energy Co
|
$29.07B | +8.3% | +18.6% | 21.3 | 3.0% |
|
NEE
Nextera Energy Inc
|
$177.50B | +6.0% | -7.1% | 15.3 | 2.9% |
|
SO
Southern Co
|
$105.50B | +7.3% | +10.6% | 21.4 | 2.7% |
|
DUK
Duke Energy CORP
|
$100.69B | +10.2% | +35.1% | 18.9 | 2.3% |
|
NGG
National Grid PLC
|
$84.74B | +9.0% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 30
DTE Energy Company reported that its gas subsidiary requested a net base-rate increase of $163 million and a 10.25% return on equity; the MPSC instead approved an annual revenue increase of $149 million and a 9.8% return on equity.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DTE | +3.4% | +7.7% | -3.4% | +3.1% | +8.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.9% | +8.9% | -3.9% | +3.3% | -2.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.