Quarterly earnings increased, but six-month earnings declined
Net income attributable to DTE Energy Company was $282M, or $1.35 per diluted share, for the three months ended June 30, 2026, compared with $229M, or $1.10 per share, a year earlier. For the six months ended June 30, 2026, net income was $529M versus $674M, primarily reflecting lower DTE Vantage, Energy Trading, and Corporate and Other earnings, partly offset by higher Electric earnings.
Electric segment earnings fell despite higher revenue
Electric segment net income declined to $270M in the three months ended June 30, 2026 from $318M in the prior-year period. Operating revenue increased $89M to $1.775B, helped by $118M of Power Supply Cost Recovery and $60M from new rates, but operating income declined to $370M from $415M as fuel and purchased-power costs, operations and maintenance expense, and depreciation increased.
Large regulated capital program and incremental data-center investment
DTE Electric estimates $30.0B of capital investment for 2026-2030, including $15.0B for cleaner generation, and DTE Gas estimates $4.5B over the same period. Separately, DTE Electric entered a 1.0-gigawatt data-center agreement in March 2026 that is expected to add approximately $5.0B of capital expenditures through 2032 beyond its five-year plan, subject to targeted regulatory approvals in the second half of 2026.