DTE Energy reports strong 2018 financial results; reaffirms guidance for 2019
Signed agreement for the purchase of Generation Pipeline, a natural gas midstream asset in Northwest Ohio
Ranked highest in customer satisfaction
Placed in the top 3 percent for employee engagement
Recognized as top corporate citizen in Michigan

DETROIT, February 7, 2019
- DTE Energy (NYSE:DTE) today reported 2018 earnings of $1.1 billion, or $6.17 per diluted share, compared with $1.1 billion, or $6.32 per diluted share in 2017.

2018 operating earnings were $1.1 billion, or $6.30 per diluted share, compared with 2017 operating earnings of $1.0 billion, or $5.59 per diluted share. The 2018 operating earnings results strongly beat the company’s original 2018 guidance. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.

"Our commitment to safety, the environment, customer satisfaction and our communities contributed to making 2018 a very successful year. We had one of our safest years on record and delivered another strong year financially, which positions us for continued future success,” said DTE Chairman and CEO Gerry Anderson.
In addition, the NEXUS Gas Transmission system, a DTE joint venture, signed an agreement to purchase Generation Pipeline, a midstream pipeline asset that provides natural gas supply to Northwest Ohio industrial customers. Generation Pipeline is an existing 24-inch, 23-mile pipeline with current capacity to deliver 355 million cubic feet per day of clean-burning natural gas.
“The decision to purchase Generation Pipeline is consistent with our growth plans for NEXUS and aligns with our commitment to enable large industrial customers in the region to access clean, low-cost natural gas,” said Anderson.
Additionally, Anderson noted the following accomplishments:
Led the Midwest in business customer satisfaction. Ranked highest in customer satisfaction with natural gas business customers in the Midwest in J.D. Power’s 2018 study.

Placed in the top 3 percent for employee engagement. Named in the top 3 percent of workplaces worldwide for employee engagement, as measured by the Gallup Organization. Also, ranked in the top decile on Indeed’s list of 50 Best Places to Work in 2018 among Fortune 500 companies.

Ranked as one of the country’s top corporate citizens by Points of Light. The only Michigan company named to the Civic 50 - the top 50 companies nationwide in corporate citizenship - by Points of Light, the world’s largest organization dedicated to volunteer service. Also, recognized as the leading energy company nationally.

Earned Wildlife Habitat Council’s highest honor. Received the Corporate Conservation Leadership Award. The award recognizes overall achievement in conservation efforts, exemplary corporate commitment to biodiversity and conservation education as well as meaningful alignments with global conservation objectives.

Placed NEXUS gas pipeline into service. NEXUS is a 256-mile pipe that brings low cost gas supply to Michigan from nearby states.

The following information was filed by Dte Electric Co on Thursday, February 7, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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