DTE Energy (DTE) Tops Q3 EPS by 52c; Raises FY20 EPS Guidance Above Consensus

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DTE Energy reports strong third-quarter 2020 results; company increases 2020 guidance, provides 2021 early outlook, and increases dividend 7%

October 27, 2020 7:01 AM EDT

Ranked first in customer satisfaction at DTE GasFiled updated voluntary renewables planNamed a Top Female Employer nationally

DETROIT, Oct. 27, 2020 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today reported third quarter 2020 earnings of $476 million, or $2.46 per diluted share, compared with $319 million, or $1.73 per diluted share in 2019.

Operating earnings for the third quarter 2020 were $504 million, or $2.61 per diluted share, compared with 2019 operating earnings of $351 million, or $1.91 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of... More