DTE Q2 2023 Earnings — DTE Energy Company Revenue & Financial Results | Market Cap Arena

DTEDTE Energy Company

$31B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.7B-45.5% YoY

Gross Profit

$909M33.9% margin

Operating Income

$397M14.8% margin

Net Income

$201M7.5% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

-29.0%

Cash Flow

Operating Cash Flow

$835M

Free Cash Flow

-$104M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$42.9B

Total Liabilities

$32.4B

Stockholders' Equity

$10.5B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.7B	$4.9B	-45.5%
Gross Profit	$909M	$659M	+37.9%
Operating Income	$397M	$183M	+116.9%
Net Income	$201M	$37M	+443.2%

Revenue Segments

Energy Trading

$904M82%

DTE Vantage

$189M17%

Electric

$3M0%

Gas

$2M0%