DTE Energy : Q1 2025 Earnings Conference Call Presentation
DTE
Published on 05/01/2025 at 07:06
1Q 2025
Earnings Conference Call
May 1, 2025
Participants
Jerry Norcia - Chairman and CEO Joi Harris - President and COO
Dave Ruud - Executive Vice President and CFO Matt Krupinski - Director of Investor Relations
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Highly engaged team committed to delivering best-in-class results for our stakeholders
Continuing best-in-class engagement, health and safety of our employees
Received Gallup Great Workplace Award for 13th consecutive year
Addressing our customers' most vital needs
Progressing on our goal of reducing power outages by 30% and cutting outage time in half by
2029, significantly improving reliability for customers
Nearly 60% improvement in customers time spent without power YTD 2025 vs. YTD 2024 following a nearly 70% improvement from 2023 to 2024
Supporting our communities
Continuing focus on Michigan investments; invested nearly $1 billion with Detroit suppliers and
$3.3 billion with Michigan businesses in 2024
Delivering premium shareholder returns
2025 operating EPS1 guidance midpoint provides 7% growth over 2024 original guidance midpoint; currently positioned to achieve high end of guidance in 2025
Long-term operating EPS growth rate target of 6% - 8% through 2029 from 2025 original guidance midpoint; RNG tax credits provide confidence we will reach the high end of our growth rate 2025 through 2027 and provide flexibility to exceed the high end and support future years
Solid financial strength allows us to make the necessary investments for improved reliability and cleaner generation
$30 billion 5-year capital investment plan supports future growth
Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings
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Achieving success across all businesses
DTE Electric
Achieving reliability improvements as we transition to fully automated grid, update existing infrastructure, rebuild significant parts of the grid and continue enhanced tree-trimming
Nearly 60% improvement in customers time spent without power YTD 2025 vs. YTD 2024 following a nearly 70% improvement from 2023 to 2024
Filed a rate case in April that underpins customer-focused investments in system reliability and grid modernization while managing affordability
Progressing on additional data center discussions; currently have three non-binding agreements
totaling ~2,100 MW DTE Gas
Ranked #1 in customer satisfaction for business natural gas service in the Midwest by J.D. Power1
Continued progress on main renewal program; renewed nearly 2,000 miles since program inception
DTE Vantage
Continuing construction on the long-term, fixed-fee custom energy solutions project with Ford Motor Company; expecting commercial operation in 2026
Progressing on project to design, build, own, operate and maintain a 42 MW combined heat and power project serving a large industrial customer; expect construction to begin later this year
Strong development pipeline of projects to support continued growth
1. J.D. Power 2024 Gas Utility Business Customer Satisfaction Study. Visit jdpower.com
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Disclaimer
DTE Energy Company published this content on May 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2025 at 11:05 UTC.