DTE Energy Co - Company Profile
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DTE Energy Co (DTE Energy) is an energy utility. It develops and manages energy-related businesses and services. The company generates, procures, transmits, distributes and sells electricity; procures, stores, transports, distributes and sells natural gas. It produces power using steam, nuclear, biomass, natural gas, oil, hydro, wind, and solar sources. The company also markets and trades power, natural gas and environmental products; energy financial instruments; and provides energy and asset management services using energy commodity derivative instruments. The company serves residential, commercial and industrial customers in Southeastern Michigan, and other regions in the country. DTE Energy is headquartered in Detroit, Michigan, the US.
Headquarters
United States of America
Address
One Energy Plaza, Detroit, Michigan, 48226
Website
ir.dteenergy.com
Telephone
1 313 2354000
No of Employees
9,950
Industry
Power
Ticker Symbol & Exchange
DTE (NYSE)
Revenue (2022)
$12.7B
-33.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
29%
(2022 vs 2021)
Market Cap*
$22.0B
Net Profit Margin (2022)
XYZ
94.7%
(2022 vs 2021)
* As of and is in US$
DTE Energy Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Electricity Transmission and Distribution |
| Electricity | Natural Gas Transportation and Gas Storage |
| Operation and Maintenance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company and the city of Dearborn entered into a partnership to supply electricity to all city buildings from wind and solar energy sources. |
| 2024 | Plans/Strategy | In January, the company announced its plans to invest US$145 million for the establishment of 270,000 electric vehicle chargers. |
| 2023 | Plans/Strategy | In July, the company announced its plans to close its coal power plant in Monroe. |
Competitor Comparison
| Key Parameters | DTE Energy Co | Duke Energy Corp | Southern Co | PG&E Corp | American Electric Power Co Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Detroit | Charlotte | Atlanta | Oakland | Columbus |
| State/Province | Michigan | North Carolina | Georgia | California | Ohio |
| No. of Employees | 9,950 | 27,037 | 28,100 | 10 | 17,250 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jerry Norcia | Chairman; Chief Executive Officer | Executive Board | 2022 | - |
| David Ruud | Chief Financial Officer; Senior Vice President | Senior Management | 2020 | 56 |
| Joi Harris | Chief Operating Officer; President | Senior Management | - | - |
| Mark C. Rolling | Chief Accounting Officer; Vice President; Controller | Senior Management | 2019 | - |
| Steven B. Ambrose | Vice President; Chief Information Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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