DTE FY 2024 Earnings Report — DTE Energy Company Revenue & Financial Results | Market Cap Arena

DTE Energy CompanyDTE

FY 2024 Earnings

Reported February 13, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$12.5B	—	$12.7B	—	-2.3%
Op. Income	$2.1B	—	$2.2B	—	-6.8%
Gross Margin	34.8%	—	34.0%	—	0.9pp
Net Margin	11.2%	—	11.0%	—	0.3pp
EPS (Diluted)	$6.77	—	$6.76	—	0.1%
Free Cash Flow	-$824M	—	-$714M	—	-15.4%

Revenue Flow

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$8.1B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.2B
Operating Expenses	$2.2B
Cost & Expenses	$10.4B
OPERATING INCOME	$2.1B
Interest Income	$136M
Interest Expense	$951M
Other Income/Expenses	-$721M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	-$34M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.7B
EBIT	$2.3B
EBITDA	$4.1B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$8.1B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.2B
Operating Expenses	$2.2B
Cost & Expenses	$10.4B
OPERATING INCOME	$2.1B
Interest Income	$136M
Interest Expense	$951M
Other Income/Expenses	-$721M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	-$34M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.7B
EBIT	$2.3B
EBITDA	$4.1B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$194M
Other Non-Cash Items	$385M
Change in Working Capital	$328M
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$4.5B
Acquisitions (Net)	-$27M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$453M
NET CASH FROM INVESTING	-$5.0B
Net Debt Issuance	$2.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$776M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	-$824M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$1.2B
Other Current Assets	$447M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$31.1B
Goodwill	$2.0B
Intangible Assets	$144M
Long-Term Investments	$304M
Tax Assets	$0
Other Non-Current Assets	$11.7B
TOTAL NON-CURRENT ASSETS	$45.2B
TOTAL ASSETS	$48.8B
Account Payables	$1.4B
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$885M
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$20.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.0B
Other Non-Current Liabilities	$8.2B
TOTAL NON-CURRENT LIABILITIES	$32.0B
TOTAL LIABILITIES	$37.1B
Common Stock	$6.8B
Additional Paid-In Capital	$0
Retained Earnings	$4.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.7B
Minority Interest	$5M
TOTAL EQUITY	$11.7B
TOTAL LIABILITIES & EQUITY	$48.8B
Total Debt	$23.2B
Net Debt	$23.2B