OverviewSuggest Edit

DTE Energy is an energy company involved in the development and management of energy-related businesses and services. Its operating units include DTE Electric that generates, transmits and distributes electricity, and DTE Gas that is engaged in the purchase, storage, transmission, distribution and sale of natural gas.
TypePublic
Founded1995
HQDetroit, MI, US
Websitenewlook.dteenergy.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2020)10,600
Job Openings93
Revenue (FY, 2020)$12.2 B(-3%)
Share Price (Jun 2021)$137.9
Cybersecurity ratingAMore

Key People/Management at DTE Energy

Jerry Norcia

Jerry Norcia

President & Chief Executive Officer
Gerard M. Anderson

Gerard M. Anderson

Executive Chairman
David E. Meador

David E. Meador

Vice Chairman and Chief Administrative Officer
Peter Dietrich

Peter Dietrich

Senior Vice President and Chief Nuclear Officer
Diane Antishin

Diane Antishin

Vice President, Human Resources, Chief Diversity, Inclusion Officer
Chuck Conlen

Chuck Conlen

Vice President, Renewable Energy
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DTE Energy Office Locations

DTE Energy has offices in Detroit, Ann Arbor, Canonsburg, Cincinnati and in 3 other locations
Detroit, MI, US (HQ)
DTE Energy Headquarters, 1 Energy Plaza
Ann Arbor, MI, US
425 S Main St #201
Canonsburg, PA, US
1000 Noble Energy Dr 5th Floor
Cincinnati, OH, US
P.O. Box 740786
Melvindale, MI, US
17150 Allen Rd
Morgantown, WV, US
1100 Frederick Lane
Show all (7)

DTE Energy Financials and Metrics

DTE Energy Revenue

DTE Energy's revenue was reported to be $12.18 b in FY, 2020
USD

Revenue (FY, 2020)

12.2b

Net income (FY, 2020)

1.4b

EBIT (FY, 2020)

2.0b

Market capitalization (7-Jun-2021)

26.7b

Closing stock price (7-Jun-2021)

137.9

Cash (31-Dec-2020)

514.0m

EV

64.0b
DTE Energy's current market capitalization is $26.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.6b12.6b14.2b12.7b12.2b

Revenue growth, %

3%19%13%(11%)

Cost of goods sold

5.5b7.2b8.6b6.9b

Gross profit

5.1b5.4b5.6b5.8b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.2b2.9b3.2b3.8b3.2b3.6b3.5b2.9b3.1b3.0b2.6b3.3b

Cost of goods sold

1.7b1.6b1.9b2.3b1.9b2.1b2.0b1.6b1.7b

Gross profit

1.5b1.2b1.3b1.4b1.3b1.4b1.5b1.3b1.5b

Gross profit Margin, %

47%42%41%38%41%40%44%44%47%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

92.0m66.0m71.0m93.0m514.0m

Accounts Receivable

1.5b1.8b1.8b1.6b1.7b

Inventories

356.0m779.0m811.0m386.0m381.0m

Current Assets

2.8b3.1b3.3b3.1b3.5b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

834.0m1.1b1.1b1.2b1.4b

Depreciation and Amortization

976.0m1.0b1.1b1.3b2.6b

Inventories

37.0m(4.0m)(32.0m)59.0m45.0m

Accounts Payable

145.0m129.0m146.0m(288.0m)
USDFY, 2016

Revenue/Employee

1.1m

Debt/Equity

1.2 x

Debt/Assets

0.3 x

Financial Leverage

3.4 x
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DTE Energy Operating Metrics

DTE Energy's Customers was reported to be 3.5 m in FY, 2019.
FY, 2016FY, 2017FY, 2018FY, 2019

Business Niches

444

Customers

3.5 m3.5 m3.5 m3.5 m

Net Generating Capacity, MW

11.67 k11.6 k11.61 k11.74 k

Nuclear Generation Capacity, MW

1.14 k1.14 k1.14 k1.14 k
Show all operating metrics

DTE Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
DTE Electric Company
DTE Energy Resources, LLC
DTE Energy Services, Inc.
DTE Enterprises, Inc.
DTE Gas Company
DTE Gas Enterprises, LLC
DTE Gas Holdings, Inc.
DTE Pipeline Company

DTE Energy Revenue Breakdown

Embed Graph

DTE Energy revenue breakdown by business segment: 34.4% from Energy Trading, 11.7% from Power and Industrial Projects, 11.1% from Gas, 39.1% from Electric and 3.7% from Other

DTE Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

DTE Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

DTE Energy Online and Social Media Presence

Embed Graph

DTE Energy News and Updates

DTE Energy Retires “Small but Mighty” River Rouge Power Plant

Detroit, June 04, 2021 (GLOBE NEWSWIRE) --  

Brose Partners with DTE Energy on Clean Energy Purchase

Detroit, June 02, 2021 (GLOBE NEWSWIRE) -- DTE Energy and Brose today announced Brose’s enrollment in DTE’s MIGreenPower voluntary renewable energy program. Brose’s clean energy purchase of 11,445 megawatt hours annually will avoid 81,110 metric tons of CO2 over the company’s 10-year contract. Th…

DTE Energy announces redemption of 2016 Series B 5.375% junior subordinated debentures

DTE Energy (NYSE: DTE) announced today, 5/27/2021, the full redemption of all outstanding 2016 Series B 5.375% Junior Subordinated Debentures (NYSE:DTJ). The 2016 Series B 5.375% Junior Subordinated Debentures will be redeemed on June 30, 2021. The redemption price is 100 percent of the unpaid princ…

DTE Energy Announces Pricing of DT Midstream’s Senior Notes

DTE Energy Company (“DTE Energy”) (NYSE: DTE) today announced that DT Midstream, Inc. (“DT Midstream”), the new independent, publicly traded company that is expected to be formed through the planned spin-off of DTE Energy’s non-utility natural gas pipeline, storage and gathering business, has priced…

DTE Energy Announces Private Offering of DT Midstream’s Senior Notes

DTE Energy Company (“DTE Energy”) (NYSE: DTE) today announced that DT Midstream, Inc. (“DT Midstream”), the new independent, publicly traded company that is expected to be formed through the planned spin-off of DTE Energy’s non-utility natural gas pipeline, storage and gathering business, intends to…

Indigo Lavender Farms builds on sustainability practices with DTE Energy’s MIGreenPower program

Indigo Lavender Farms, a family-owned lavender farm and popular agritourism destination, today announced its enrollment in DTE Energy’s MIGreenPower program. Located in Imlay City, Indigo Lavender Farms is the first farm to enroll in the program. MIGreenPower allows DTE Electric customers to reduce …
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DTE Energy Blogs

DTE develops new toolkit as internships go virtual

This summer, DTE will welcome about 500 college and high school students into virtual “Work From Anywhere” internships with the company. At the beginning of 2020, we expected to host these students on-site. But as many companies transitioned to work-from-home as the COVID-19 crisis hit the U.S., we …

Memorial Day: DTE veterans keep their comrades’ memory alive

On May 25, Memorial Day, we pay tribute to the brave men and women who fought honorably for our nation’s defense – and tragically lost their lives doing so.  Memorial Day is a time of reflection and gratitude for Andre Mason, electrical maintenance journeyman at DTE’s Caniff Service Center. Andre se…

Local Love: Supporting small businesses – Outdoors Edition!

With warmer weather around the corner Michiganders are getting excited for the summer season. While summer usually means biking through or boating on Lake Michigan, it also gives us an opportunity to support community businesses. Many small businesses have been hit hard by the COVID-19 pandemic, so …

Free PPE on the Porch

Evelyn Danish, western region gas operations analyst, is doing her part to help her community. A Big Rapids native, Danish set up a mask and gloves basket on her front porch to help those in need, complete with a hand sanitizer station to help keep neighbors safe during the COVID-19 pandemic. “I hav…

DTE Energy teams up to protect frontline workers, save lives

At the start of the coronavirus pandemic when PPE was scarce — particularly for health care workers — a woman pregnant and with two small children at home, anxiously surfed the internet to find something that would protect her husband. Her husband, Joe Kiesznowski, is a certified registered nurse an…

DTE Energy Foundation provides COVID-19 relief in Pennsylvania, Ohio, West Virginia and Louisiana

The effects of the COVID-19 virus have been widespread, from the health of those infected to the financial insecurity this crisis has created. Nonprofits are working tirelessly to help families and communities through this pandemic. This is why the DTE Energy Foundation has provided support to non-p…
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DTE Energy Frequently Asked Questions

  • When was DTE Energy founded?

    DTE Energy was founded in 1995.

  • Who are DTE Energy key executives?

    DTE Energy's key executives are Jerry Norcia, Gerard M. Anderson and David E. Meador.

  • How many employees does DTE Energy have?

    DTE Energy has 10,600 employees.

  • What is DTE Energy revenue?

    Latest DTE Energy annual revenue is $12.2 b.

  • What is DTE Energy revenue per employee?

    Latest DTE Energy revenue per employee is $1.1 m.

  • Who are DTE Energy competitors?

    Competitors of DTE Energy include Dominion Energy, Sempra Energy and Exelon.

  • Where is DTE Energy headquarters?

    DTE Energy headquarters is located at DTE Energy Headquarters, 1 Energy Plaza, Detroit.

  • Where are DTE Energy offices?

    DTE Energy has offices in Detroit, Ann Arbor, Canonsburg, Cincinnati and in 3 other locations.

  • How many offices does DTE Energy have?

    DTE Energy has 7 offices.