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DTE Energy to sell non-utility DTE Vantage business; Q3 operating EPS rises

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Utility holding company PSEG Q3 revenue falls, maintains 2026 guidance

  • Nov 4 - Eversource Energy Q3 profit falls on higher costs

  • Nov 4 - TeraWulf gets credit backstop from Google for Anthropic data-center project


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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