DTE Q1 2024 Earnings — DTE Energy Company Revenue & Financial Results | Market Cap Arena

DTEDTE Energy Company

$31B

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.2B-14.3% YoY

Gross Profit

$1.1B32.7% margin

Operating Income

$517M16.0% margin

Net Income

$313M9.7% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

-4.5%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

-$9M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$45.9B

Total Liabilities

$34.7B

Stockholders' Equity

$11.2B

Cash & Equivalents

$292M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.8B	-14.3%
Gross Profit	$1.1B	$1.2B	-8.4%
Operating Income	$517M	$652M	-20.7%
Net Income	$313M	$445M	-29.7%

Revenue Segments

Electric

$1.5B45%

Energy Trading

$933M28%

Gas

$711M22%

DTE Vantage

$184M6%