Dte Energy Co (DTB) 10-Q Quarterly Report October 2022

– Following a quarter marked by environmental stewardship, collaboration with regional business partners and investments in our communities, DTE Energy (NYSE:DTE) today reported third quarter earnings of $387 million or $1.99 per diluted share.

Operating earnings for the third quarter 2022 were $311 million, or $1.60 per diluted share, compared with 2021 operating earnings of $334 million, or $1.72 per diluted share. 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.

“We continue to lead the way toward a cleaner future for all,” Jerry Norcia, DTE Energy chairman, president and CEO, said. “With growing participation in our MIGreenPower program - from small and large industry-leading businesses and residential customers – along with ongoing infrastructure improvements and new business announcements, we are supporting our communities’ and customers’ needs.”

Norcia noted the following accomplishments:

•Partnering with Ford on largest renewable energy purchase from a utility in U.S. history: Through DTE’s MIGreenPower program, Ford made a major step toward carbon neutrality in August. DTE is slated to add 650 megawatts of new solar energy to accommodate Ford’s carbon-free electricity needs, increasing solar in Michigan by 70%. Through this clean energy purchase, 600,000 tons of carbon dioxide emissions will be avoided annually.

•Attracting new business with Our Next Energy Inc. (ONE): With pioneering technology, U.S. based ONE announced new battery operations will be located in Van Buren Township, Michigan bringing 2,000 jobs to the area. Attracted in part by DTE’s large industrial electric rate, ONE will bring high-capacity battery storage systems that will connect to the electric grid. As an EV battery supplier, ONE will continue to drive Michigan’s leadership in zero-emission vehicles.

•Launching the Detroit Tree Equity Partnership (DTEP): DTE joined the City of Detroit, American Forests, the Erb Foundation and the White House in the Detroit Tree Equity Partnership. The DTEP is an ambitious program that

The following information was filed by Dte Energy Co (DTB) on Thursday, October 27, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Dte Energy Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Dte Energy Co provided additional information to their SEC Filing as exhibits

Exhibit 4.1: Supplemental Indenture Dated As Of August 1, 2022

Exhibit 4.2: Fifty-Third Supplemental Indenture Dated As Of September 1, 2022

Exhibit 10.1: Fifth Amended And Restated Five-Year Credit Agreement - Dte Energy

Exhibit 10.2: Fifth Amended And Restated Five-Year Credit Agreement - Dte Electric

Exhibit 10.3: Fifth Amended And Restated Five-Year Credit Agreement - Dte Gas

Exhibit 31.1: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.2: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.3: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 31.4: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 32.1: Chief Executive Officer Section 906 Form 10-Q Certification - Dte Energy

Exhibit 32.2: Chief Financial Officer Section 906 Form 10-Q Certification - Dte Energy

Exhibit 32.3: Chief Executive Officer Section 906 Form 10-Q Certification - Dte Electric

Exhibit 32.4: Chief Financial Officer Section 906 Form 10-Q Certification - Dte Electric

Ticker: DTB
CIK: 936340
Form Type: 10-Q Quarterly Report
Accession Number: 0000936340-22-000205
Submitted to the SEC: Thu Oct 27 2022 9:12:38 AM EST
Accepted by the SEC: Thu Oct 27 2022
Period: Friday, September 30, 2022
Industry: Electric Services