DTE Energy Company DTE reported first-quarter 2025 operating earnings per share (EPS) of $2.10, which beat the Zacks Consensus Estimate of $1.98 by 6.1%. The bottom line also improved 25.7% from the year-ago reported figure of $1.67.
The company reported GAAP earnings of $2.14 per share compared with $1.51 in the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar)
Highlights of the Release
Operating net income in the quarter was $436 million compared with $346 million in the year-ago period.
Segmental Details
Utility Operations
DTE Electric: The segment’s operating earnings totaled 71 cents per share compared with 94 cents in the prior-year quarter.
DTE Gas: The segment reported earnings of 99 cents per share compared with 74 cents in the year-ago period.
Non-Utility Operations: The segment reported operating earnings of 35 cents per share compared with 6 cents in the first quarter of 2024.
2025 Guidance
DTE Energy reiterated its 2025 operating EPS guidance. The company expects the metric to be in the range of $7.09-$7.23. The Zacks Consensus Estimate for earnings is pegged at $7.24 per share, which lies above the company’s guided range.
Zacks Rank
DTE Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
NextEra Energy, Inc. NEE reported first-quarter 2025 adjusted earnings of 99 cents per share, which beat the Zacks Consensus Estimate of 97 cents by 2.1%.
The company reported operating revenues of $6.24 billion, which lagged the consensus estimate of $7.34 billion by 14.9%.
FirstEnergy FE reported first-quarter 2025 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 60 cents by 11.7%.
The company reported operating revenues of $3.77 billion, which surpassed the consensus estimate of $3.65 billion by 3.2%.
CMS Energy Corporation CMS reported first-quarter 2025 earnings of $1.02 per share, which missed the Zacks Consensus Estimate of $1.05 by 2.9%.
The company reported operating revenues of $2.45 billion, which beat the consensus estimate of $2.24 billion by 8.9%.
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This article originally published on Zacks Investment Research (zacks.com).