v3.25.2
Segment and Related Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Inter-segment Billing for Goods and Services and Profit (Loss) Financial Data
Inter-segment billing for goods and services exchanged between segments is based upon tariffed or market-based prices of the provider. Such billing primarily consists of power sales, sale and transportation of natural gas, and renewable natural gas sales in the segments below, as well as charges from Electric to other segments for use of the shared capital assets of DTE Electric.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(In millions)
Electric segment(a)
$17 $18 $36 $36 
Gas segment4 3 8 7 
DTE Vantage segment11 7 51 18 
Energy Trading segment44 20 90 45 
$76 $48 $185 $106 
_______________________________________
(a)Inter-segment billing for the Electric segment relating to Non-utility operations includes $1 million for both the three months ended June 30, 2025 and 2024, and $2 million for both the six months ended June 30, 2025 and 2024.
Profit (loss) financial data of DTE Energy's business segments follows:
Electric(a)
Gas
DTE
Vantage
Energy
Trading
Total
Reportable
Segments
Corporate
and
Other
Reclassifications
and
Eliminations
Total
(In millions)
Three months ended June 30, 2025
Operating Revenues — Utility operations$1,682 316 — — $1,998 — (19)$1,979 
Operating Revenues — Non-utility operations$4 — 169 1,324 $1,497 — (57)$1,440 
Depreciation and amortization$380 55 14 2 $451 — — $451 
Interest expense$138 32 8 2 $180 99 (23)$256 
Interest income$(2)(4)(21)(2)$(29)(19)23 $(25)
Equity earnings (losses) of equity method investees$— 1 4 — $5 (1)— $4 
Other segment items (pre-tax)(b)
$862 224 146 1,343 $2,575 4 (76)$2,503 
Income Tax Expense (Benefit)$(10)2 (13)(5)$(26)27 — $1 
Net Income (Loss) Attributable to DTE Energy Company$318 6 31 (16)$339 (110)— $229 
Three months ended June 30, 2024
Operating Revenues — Utility operations$1,611 289 — — $1,900 — (21)$1,879 
Operating Revenues — Non-utility operations$5 — 181 837 $1,023 — (27)$996 
Depreciation and amortization$357 55 14 1 $427 — — $427 
Interest expense$125 28 7 3 $163 87 (17)$233 
Interest income$(3)(5)(19)(3)$(30)(23)17 $(36)
Equity earnings of equity method investees$— 1 31 — $32 — — $32 
Other segment items (pre-tax)(b)
$821 195 107 784 $1,907 2 (48)$1,861 
Income Tax Expense (Benefit)$38 3 8 13 $62 (26)— $36 
Net Income (Loss) Attributable to DTE Energy Company$278 12 33 39 $362 (40)— $322 
_______________________________________
(a)The Electric segment consists principally of DTE Electric. Refer to the DTE Electric Consolidated Statements of Operations and the DTE Electric Consolidated Statements of Financial Position for the standalone DTE Electric amounts.
(b)Other segment items include Fuel, purchased power, and gas — utility; Fuel, purchased power, gas, and other — non-utility; Operation and maintenance; Taxes other than income; Asset (gains) losses and impairments, net; Non-operating retirement benefits, net; Other income; and Other expenses.
Electric(a)
Gas
DTE
Vantage
Energy
Trading
Total
Reportable
Segments
Corporate
and
Other
Reclassifications
and
Eliminations
Total
(In millions)
Six months ended June 30, 2025
Operating Revenues — Utility operations$3,136 1,192 — — $4,328 — (42)$4,286 
Operating Revenues — Non-utility operations$9 — 357 3,350 $3,716 — (143)$3,573 
Depreciation and amortization$762 109 29 3 $903 — — $903 
Interest expense$271 64 16 4 $355 193 (42)$506 
Interest income$(4)(6)(41)(5)$(56)(34)42 $(48)
Equity earnings (losses) of equity method investees$— 1 11 — $12 (1)— $11 
Other segment items (pre-tax)(b)
$1,688 747 293 3,280 $6,008 7 (185)$5,830 
Income Tax Expense (Benefit)$(13)65 (21)17 $48 (65)— $(17)
Net Income (Loss) Attributable to DTE Energy Company$441 212 70 51 $774 (100)— $674 
Six months ended June 30, 2024
Operating Revenues — Utility operations$3,077 1,000 — — $4,077 — (42)$4,035 
Operating Revenues — Non-utility operations$9 — 365 1,770 $2,144 — (64)$2,080 
Depreciation and amortization$710 109 29 2 $850 — — $850 
Interest expense$243 57 13 7 $320 162 (31)$451 
Interest income$(5)(6)(31)(10)$(52)(33)31 $(54)
Equity earnings (losses) of equity method investees$— 1 24 — $25 (1)— $24 
Other segment items (pre-tax)(b)
$1,633 621 281 1,718 $4,253 5 (106)$4,152 
Income Tax Expense (Benefit)$56 52 8 13 $129 (72)— $57 
Net Income (Loss) Attributable to DTE Energy Company$449 166 41 40 $696 (61)— $635 
_______________________________________
(a)The Electric segment consists principally of DTE Electric. Refer to the DTE Electric Consolidated Statements of Operations and the DTE Electric Consolidated Statements of Financial Position for the standalone DTE Electric amounts.
(b)Other segment items include Fuel, purchased power, and gas — utility; Fuel, purchased power, gas, and other — non-utility; Operation and maintenance; Taxes other than income; Asset (gains) losses and impairments, net; Non-operating retirement benefits, net; Other income; and Other expenses.
Other financial data of DTE Energy's business segments follows:
Electric(a)
Gas
DTE
Vantage
Energy
Trading
Total
Reportable
Segments
Corporate
and
Other
Reclassifications
and
Eliminations
Total
(In millions)
June 30, 2025
Investment in equity method investees$5 18 83 — $106 22 — $128 
Capital expenditures and acquisitions$1,533 278 31 2 $1,844 — — $1,844 
Goodwill$1,208 743 25 17 $1,993 — — $1,993 
Total Assets$36,731 8,698 2,224 969 $48,622 4,861 (3,235)$50,248 
December 31, 2024
Investment in equity method investees$5 18 82 — $105 23 — $128 
Capital expenditures and acquisitions$3,659 740 65 3 $4,467 — — $4,467 
Goodwill$1,208 743 25 17 $1,993 — — $1,993 
Total Assets$35,400 8,474 2,065 1,159 $47,098 4,723 (2,975)$48,846 
_______________________________________
(a)The Electric segment consists principally of DTE Electric. Refer to the DTE Electric Consolidated Statements of Operations and the DTE Electric Consolidated Statements of Financial Position for the standalone DTE Electric amounts.