Short answer
DTE Energy (DTE) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.5B (up 21.4% year over year) with net income of $419M.
Q3 2025 key financials · XBRL
- Revenue
- $3.5B
- +21.4% YoY · +3.2% QoQ
- Net income
- $419M
- −12.2% YoY · +83.0% QoQ
- Operating margin
- 17.6%
- EPS (diluted)
- $2.02
- −12.2% YoY · +83.6% QoQ
Source: XBRL data from the DTE Energy (DTE) Q3 2025 10-Q on SEC EDGAR. USD.
DTE Energy Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue Electric segment $2,051M Q3 2025 vs $1,697M Q3 2024, +$354M; Gas segment $1,401M Q3 2025 vs $??? Q3 2024 (decrease $21M noted); Energy Trading revenues $1,179M Q3 2025 vs $??? Q3 2024, +$339M
- Net income $1,093M Q3 2025 vs $1,112M Q3 2024; Electric segment net income increased; Gas segment losses worsened from $(13)M to $(38)M; Corporate and Other loss widened from $(22)M to $(115)M
- Electric segment operating margin approx. 30.6% Q3 2025 ($1,245M income on $4,078M rev) vs 29.6% Q3 2024 ($1,133M income on $3,830M rev); Gas segment loss margin (~ -2.7%); Energy Trading operating income declined $12M Q3 2025
- Cash flow from operations $2.36B nine months 2025 down $198M YoY; Capital expenditures approx. $4.9B expected for 2025; Financing cash inflow down $1.8B; Liquidity $2.6B at Sept 30, 2025
- Management outlook: Electric segment expects earnings growth from $30B capital investments through 2030, including cleaner generation; Gas expects growth from $4.5B infrastructure spend; Energy Trading faces volatility, challenging markets; Corporate focus on cost and interest management; regulatory approvals pending, including $574M rate increase request for electric unit
Risk Factors
- No new or updated risk factors disclosed this quarter compared to 2024 10-K
- Significant risks carried forward include regulatory uncertainty impacting utility rates and operations
- Market risk from fluctuating commodity prices affecting energy procurement costs remains material
- Operational risk from severe weather events disrupting energy infrastructure persists as key near-term risk
- Financial risk related to capital expenditure requirements and maintaining liquidity to support growth initiatives
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other DTE Energy quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.