DTE Energy to sell non-utility DTE Vantage business; Q3 operating EPS rises
Overview
US utility's Q3 operating EPS rose year-over-year
Company to sell non-utility DTE Vantage business for about $3 bln, closing expected in 2027
Advanced data center growth with Google contracts, aiming for customer affordability benefits
Outlook
DTE Energy maintains 2026 operating EPS guidance of $7.59-$7.73
Company provides 2027 operating EPS pro forma baseline of $7.59-$7.73
DTE plans about $44 bln in utility capital investment over the next five years
Result Drivers
VANTAGE SALE - Co said sale of DTE Vantage business advances long-term strategy and focus on customer affordability
DATA CENTER CONTRACTS - Approval of Google data center contracts expected to deliver affordability benefits for existing customers
UTILITY INVESTMENT - Co said substantial utility investment strengthened and modernized electric and gas systems
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $2.25 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)