DTE Q1 2023 Earnings — DTE Energy Company Revenue & Financial Results | Market Cap Arena

DTEDTE Energy Company

$31B

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.8B-17.4% YoY

Gross Profit

$1.2B30.6% margin

Operating Income

$652M17.3% margin

Net Income

$445M11.8% margin

EPS (Diluted)

$2.16

QoQ Revenue Growth

-15.6%

Cash Flow

Operating Cash Flow

$924M

Free Cash Flow

-$13M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$42.5B

Total Liabilities

$31.9B

Stockholders' Equity

$10.6B

Cash & Equivalents

$115M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.8B	$4.6B	-17.4%
Gross Profit	$1.2B	$1.0B	+11.5%
Operating Income	$652M	$558M	+16.8%
Net Income	$445M	$394M	+12.9%

Revenue Segments

Energy Trading

$1.6B41%

Electric

$1.4B36%

Gas

$707M18%

DTE Vantage

$184M5%