Dte Energy Co (DTE) 10-Q Quarterly Report October 2018

- DTE Energy (NYSE:DTE) today reported third quarter 2018 earnings of $334 million, or $1.84 per diluted share, compared with $270 million, or $1.51 per diluted share in 2017.

Operating earnings for the third quarter 2018 were $388 million, or $2.13 per diluted share, compared with 2017 operating earnings of $264 million, or $1.48 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.

"This year, DTE Energy has made significant strides in our drive for a cleaner energy future,” said DTE Energy Chairman and CEO Gerry Anderson. “At the same time, our financial performance continues to be strong and we are well positioned for another successful year.”

Anderson noted the following business and environmental accomplishments:


•	Ranked as one of the country’s top corporate citizens by Points of Light. DTE Energy was 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. DTE was also recognized as the leading energy company nationally.


•	Ranked second in overall customer satisfaction with gas and electric residential customers in the Midwest in J.D. Power’s 2018 study.


•	Broke ground on Blue Water Energy Center. DTE took a significant step toward its goal of reducing carbon emissions by more than 80 percent by breaking ground on a state-of-the-art, $1 billion natural gas-fueled plant. The Blue Water Energy Center will be the most efficient power plant in the state when it begins producing affordable and reliable low-emission electricity.


•	Pioneered a renewable natural gas project partnership. DTE’s Power and Industrial group announced its first dairy-to-renewable natural gas (RNG) project with a Wisconsin based dairy farm. Natural gas generated from agricultural waste will power compressed natural gas vehicles, offsetting the use of fossil-based fuels.


•	Announced industry leading plan to reduce methane emissions by 80 percent by 2040 at DTE Gas. DTE is achieving these reductions by replacing steel and cast iron pipelines at an accelerated pace and through best practices for compressor operations.


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


•	Continued support of Michigan businesses: DTE Energy spent nearly $1.2 billion with Michigan-based companies through the third quarter of this year, exceeding its commitment to the Pure Michigan Business Connect local supplier initiative. This includes $380 million spent in the city of Detroit.

The following information was filed by Dte Energy Co (DTE) on Wednesday, October 24, 2018 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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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 4.300: Forty-Ninth Supplemental Indenture, Dated As Of August 1, 2018

Exhibit 4.301: Supplemental Indenture, Dated As Of August 1, 2018

Exhibit 12.87: Computation Of Ratio Of Earnings To Fixed Charges - Dte Energy

Exhibit 12.88: Computation Of Ratio Of Earnings To Fixed Charges - Dte Electric

Exhibit 31.153: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.154: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.155: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 31.156: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 32.153: Chief Executive Officer Section 906 Form 10-Q Certification - Dte Energy

Exhibit 32.154: Chief Financial Officer Section 906 Form 10-Q Certification - Dte Energy

Exhibit 32.155: Chief Executive Officer Section 906 Form 10-Q Certification - Dte Electric

Exhibit 32.156: Chief Financial Officer Section 906 Form 10-Q Certification - Dte Electric

Ticker: DTE
CIK: 936340
Form Type: 10-Q Quarterly Report
Accession Number: 0000936340-18-000233
Submitted to the SEC: Wed Oct 24 2018 11:59:49 AM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Electric Services