DTE Energy (DTE) Tops Q3 EPS by 28c; Raises Outlook

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Go back to DTE Energy (DTE) Tops Q3 EPS by 28c; Raises Outlook

DTE Energy reports third quarter 2016 results

October 26, 2016 7:00 AM EDT

DETROIT, Oct. 26, 2016 /PRNewswire/ -- DTE Energy (NYSE: DTE) today reported third quarter 2016 earnings of $338 million, or $1.88 per diluted share, compared with $265 million, or $1.47 per diluted share in 2015.  Higher reported earnings in the third quarter were primarily driven by continued warm weather throughout the summer months.

Operating earnings for the third quarter 2016 were $353 million, or $1.96 per diluted share, compared with 2015 operating earnings of $252 million, or $1.40 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued... More