Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
DTE Energy reported a significant earnings decline in Q1 FY2026, with net income falling 44.5% year-over-year to $247M and EPS dropping to $1.19, even as total assets grew 11.2% to $55.1B reflecting continued capital investment.
EPS (Diluted)
$1.19
-44.39% YoY
Operating Income
$412M
-33.97% YoY
Source: SEC XBRL
Dte Energy (DTE) generated $906M of operating cash flow in Q1 FY2026, down 11.2% year over year. DTE's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.32 | 1.18 | Beat +11.8% |
| Mar 2026This filing | 1.95 | 2.03 | Miss -3.9% |
| Dec 2025 | 1.65 | 1.54 | Beat +7.2% |
| Sep 2025 | 2.25 | 2.13 | Beat +5.7% |
Adjusted (non-GAAP) EPS of $1.95 versus the $2.03 analyst consensus — a -3.9% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.19.
Compiled by AI from this SEC filing
Operating income fell 34.0% YoY to $412M (from $624M), and net income dropped 44.5% to $247M (from $445M), indicating significant margin compression or one-time items impacting profitability in Q1 FY2026.
Source: 10-Q Income Statement
Total assets expanded 11.2% YoY to $55.1B, while investing cash outflows increased 35.7% to -$1.314B, suggesting DTE is executing a substantial capital investment program, consistent with utility infrastructure buildout.
Source: 10-Q Balance Sheet & Cash Flow Statement
Financing cash flow swung dramatically from -$50M to +$436M YoY (+972%), likely reflecting new debt issuances or equity raises to fund capital expenditures, which also contributed to cash & equivalents jumping 621.2% to $238M.
Source: 10-Q Cash Flow Statement
Operating cash flow of $906M, while down 11.2% from $1.020B in the prior year, remains solid and supports ongoing dividend obligations and capital spending, with D&A rising 6.9% to $483M reflecting the growing asset base.
Source: 10-Q Cash Flow Statement
The current ratio stands at 0.953, with current liabilities of $4.610B slightly exceeding current assets of $4.392B, a common but monitored condition for regulated utilities that rely on capital markets for short-term funding needs.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Net income declined 44.5% YoY to $247M in Q1 FY2026, a steep drop that may reflect weather normalization, regulatory lag, or higher operating costs. Sustained margin pressure could challenge DTE's ability to meet earnings guidance and support dividend growth.
Source: 10-Q Income Statement
Investing cash outflows reached -$1.314B in Q1 FY2026, up 35.7% YoY, indicating an aggressive infrastructure investment cycle. Cost overruns, regulatory disallowances, or delays in rate case approvals could impair returns on these investments.
Source: 10-Q Cash Flow Statement
With a current ratio of 0.953 and current liabilities exceeding current assets by approximately $218M, DTE depends on continued access to capital markets. A tightening credit environment could increase borrowing costs and strain near-term liquidity.
Source: 10-Q Balance Sheet
Total assets of $55.1B are supported by stockholders' equity of only $12.3B, implying a substantial debt load typical of capital-intensive utilities. Rising interest rates could increase financing costs and pressure net income further.
Source: 10-Q Balance Sheet
As a regulated utility, DTE's ability to recover capital investments and operating costs depends on timely and favorable rate case outcomes from state regulators. Delays or partial disallowances in rate recovery directly reduce profitability.
Source: 10-Q, General Utility Regulatory Framework
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Income $M | 412.00 $M | 624.00 $M | -33.97% |
Net Income $M | 247.00 $M | 445.00 $M | -44.49% |
EPS (Basic) $ | 1.19 $ | 2.14 $ | -44.39% |
EPS (Diluted) $ | 1.19 $ | 2.14 $ | -44.39% |
Answers draw on this SEC filing and the data on this page
In 2026-Q2, DTE Energy’s net income attributable to DTE Energy Company increased 23% year over year to $282M, driven primarily by improved Energy Trading and Corporate and Other results, while Electric segment earnings declined and the company continued to fund a large utility capital program. Source: 10-Q Item 2 MD&A, p.53.
DTE Energy delivered solid FY2025 results with operating income rising 13.5% to $2.37B and net income up 4.1% to $1.46B, supported by continued capital investment, though the company carries a current ratio below 1.0 and growing long-term debt of $25.3B.
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