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 Openings197
Revenue (FY, 2020)$12.2 B(-3%)
Share Price (May 2022)$129.8
Cybersecurity ratingAMore
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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, Chief Administrative Officer
Peter Dietrich

Peter Dietrich

Senior Vice President, Chief Nuclear Officer
Chuck Conlen

Chuck Conlen

Vice President of Renewable Energy
Diane Antishin

Diane Antishin

Vice President, HR Operations and Chief Diversity and Inclusion Officer
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DTE Energy Office Locations

DTE Energy has offices in Detroit, Ann Arbor, Canonsburg, Cincinnati and in 4 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
Georgetown Township, MI, US
Jenison
Melvindale, MI, US
17150 Allen Rd
Show all (8)

DTE Energy Financials and Metrics

DTE Energy Revenue

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View revenue for all periods
DTE Energy's revenue was reported to be $12.18 b in FY, 2020 which is a 3.9% decrease from the previous period.
USD

Revenue (Q1, 2021)

3.8b

Gross profit (Q1, 2021)

1.6b

Gross profit margin (Q1, 2021), %

43.3%

Net income (Q1, 2021)

397.0m

EBIT (Q1, 2021)

537.0m

Market capitalization (13-May-2022)

25.1b

Closing stock price (13-May-2022)

129.8

Cash (31-Mar-2021)

1.6b

EV

44.3b
DTE Energy's current market capitalization is $25.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

14.2b12.7b12.2b

Revenue growth, %

13%(11%)(4%)

Cost of goods sold

8.6b6.9b5.9b

Gross profit

5.6b5.8b6.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.5b2.9b3.1b3.0b2.6b3.3b3.8b

Cost of goods sold

2.0b1.6b1.7b1.4b1.2b1.6b2.1b

Gross profit

1.5b1.3b1.5b1.6b1.4b1.6b1.6b

Gross profit Margin, %

44%44%47%53%55%50%43%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

71.0m93.0m514.0m

Accounts Receivable

1.8b1.6b1.7b

Inventories

811.0m759.0m716.0m

Current Assets

3.3b3.1b3.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

56.0m62.0m76.0m552.0m579.0m945.0m1.6b

Accounts Receivable

1.7b1.5b1.5b1.5b1.4b1.4b1.6b

Inventories

604.0m765.0m806.0m707.0m785.0m815.0m664.0m

Current Assets

2.8b2.7b3.0b3.5b3.5b3.8b4.4b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.1b1.2b1.4b

Depreciation and Amortization

1.1b1.3b1.5b

Inventories

(32.0m)59.0m45.0m

Accounts Payable

146.0m(288.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

401.0m583.0m904.0m340.0m617.0m1.1b397.0m

Depreciation and Amortization

296.0m601.0m923.0m366.0m716.0m1.1b383.0m

Inventories

207.0m46.0m5.0m55.0m(24.0m)(54.0m)52.0m

Accounts Payable

(288.0m)(247.0m)(291.0m)(24.0m)(78.0m)(80.0m)(20.0m)
USDFY, 2018

Revenue/Employee

1.3m

Debt/Equity

1.3 x

Debt/Assets

0.4 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, 2020.
FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Business Niches

444

Customers

3.5 m3.5 m3.5 m3.5 m3.5 m

Net Generating Capacity, MW

11.67 k11.6 k11.61 k11.74 k11.72 k

Nuclear Generation Capacity, MW

1.14 k1.14 k1.14 k1.14 k1.14 k
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DTE Energy Acquisitions / Subsidiaries

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

DTE Energy Revenue Breakdown

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DTE Energy revenue breakdown by business segment: 9.6% from Power and Industrial Projects, 30.2% from Energy Trading, 5.9% from Gas Storage and Pipelines, 43.2% from Electric and 11.1% from Gas

Human Capital Metrics

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DTE Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

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

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DTE Energy News and Updates

DTE Energy earns 2022 ENERGY STAR® Excellence in Energy Efficiency Award

The Environmental Protection Agency (EPA) Department of Energy names DTE Energy as its Partner of the year for outstanding leadership in tackling climate change, awarding the company with its ENERGY STAR Excellence in Energy Efficiency Award The Environmental Protection Agency (EPA) Department of En…

DTE Energy Chairman Gerry Anderson to retire; President and CEO Jerry Norcia is elected DTE chairman of the board

Detroit, March 10, 2022 (GLOBE NEWSWIRE) -- DETROIT, March 10, 2022 — DTE Energy Executive Chairman Gerry Anderson will retire on June 30 after a 29-year career with the company. Current DTE President and CEO Jerry Norcia will assume the additional role of chairman of the board effective upon the …

DTE Energy reports strong 2021 financial results; well-positioned for 2022

Focus on customers, infrastructure and the environment continues

DTE Energy to add new MIGreenPower renewable energy projects to meet continued program growth

Opening competitive bidding process for new Michigan wind and solar projects Opening competitive bidding process for new Michigan wind and solar projects

DTE Energy Foundation awards more than $1 million in grants focused on enhancing equity and opportunity

Funding provides a range of support including legal representation and related social work, training for Michigan’s nonprofit leaders, inclusion efforts for adults with disabilities, and equity-centered approaches for stimulus funding Funding provides a range of support including legal representatio…

DTE Energy schedules full year 2021 earnings release, conference call

DETROIT, Jan. 27, 2022 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2021 earnings before the market opens Thursday, Feb. 10, 2022.
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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 4 other locations.

  • How many offices does DTE Energy have?

    DTE Energy has 8 offices.