DTE Energy Company profile
About DTE Energy Co
DTE Energy Company (DTE) is a diversified energy company. The Company is focused on development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving approximately 2.2 million customers in Southeast Michigan and a gas company serving approximately 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects, renewable natural gas, and energy marketing and trading. The Company’s segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; and Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, DTE Energy Co revenues increased 31% to $14.96B. Net income applicable to common stockholders excluding extraordinary items decreased 25% to $794M. Revenues reflect Energy Trading segment increase of 77% to $6.83B, Gas Utility segment increase of 60% to $1.55B. Net income was offset by Fuel, purchased power, and gas — non increase of 77% to $7.3B (expense).
Equity composition
Common Stock no Par, 6/12, 400M auth., 171,754,812 issd., Insiders control 0.53%. Public Offering 12/83, 5.25M shares @$14 1/8 by Morgan Stanley & Co., Inc. *Note: 12/96 I/S is reclassified. FY'00-'01 fncls. and Q's are reclassified. 1/96, name change from Detroit Edison Co.
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