DTE Energy's first quarter 2026 operating EPS dips to $1.95 as it confirms full-year guidance and signs Google data center deal.

DTE Energy reported first quarter 2026 operating earnings of $1.95 per share, a decrease from $2.10 in the prior year, primarily due to an expected decline in its Energy Trading segment. The company confirmed its full-year 2026 operating EPS guidance of $7.59 to $7.73 and stated it is well positioned to achieve the high end of the range.

Key Highlights

• The company secured an agreement to power a new 1 gigawatt Google data center in Michigan, which is expected to drive approximately $5 billion in incremental capital investment through 2032 and is considered upside to the current long-term plan.
• DTE invested $400 million in electric distribution infrastructure during the first quarter as part of its goal to reduce power outages by 30% and cut outage time in half by 2029.
• The DTE Electric segment's operating earnings increased to $218 million from $147 million a year ago, driven by rate implementation and colder weather, partially offset by higher storm expenses.