DTE Energy (DTE) Tops Q4 EPS by 15c; Provides FY21 EPS Outlook

DTE Energy (NYSE: DTE) reported Q4 EPS of $1.39, $0.15 better than the analyst estimate of $1.24.

• Ranked highest for customer satisfaction in Midwest by gas customers
• Launched voluntary carbon offset program for gas customers and doubled voluntary electric renewable program
• Leveraged operating efficiencies to hold customers’ rates flat through 2021
• Achieved year-over-year improvements in electric reliability
• Provided community pandemic support through $21 million in DTE Energy Foundation grants
• Invested $2.2 billion with Michigan-based companies

"We were successful in executing on our strategy to meet the needs of our people, customers and communities while delivering for our investors,” said Jerry Norcia, DTE Energy President and CEO. “In 2020 we mobilized our resources to offer support including food, shelter, PPE and loan process assistance. At the same time, we were able to continue investments in our infrastructure and improve reliability to ensure our customers receive the energy they need.”

GUIDANCE:

DTE Energy sees FY2021 EPS of $6.88-$7.26, versus the consensus of $7.16.

For earnings history and earnings-related data on DTE Energy (DTE) click here.

You May Also Be Interested In

• Cadence (CDNS) tumbles despite Q1 beat on top and bottom lines
• UnitedHealth Group (UNH) Issues Update on Change Healthcare Cyberattack
• Nucor (NUE) Misses Q1 EPS by 21c