What is the primary revenue source for DTE Energy (DTE)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze DTE's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out DTE Energy's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How DTE Energy Makes Money: DTE Revenue Breakdown (2025)

Income Statement – DTE FY 2025 Income Statement (FY 2025)

Income Statement FY 2025
Item	Category	Value	YoY
Operating revenues	revenue	15.81B	26.95%
Operating revenues — utility operations	revenue	8.85B	10.75%
Non-utility operations	revenue	6.96B	55.92%
Aggregate	revenue	15.81B	26.95%
Operating income	profit	2.37B	13.53%
Operating expenses	cost	13.44B	29.65%
Income before income taxes	profit	1.55B	13.14%
Other income	revenue	230.00M	37.72%
Investment income, interest	revenue	103.00M	-24.26%
Nonoperating income (expense)	revenue	824.00M	14.29%
Fuel, purchased power, gas, and other — non-utility	cost	6.43B	65.66%
Operation and maintenance	cost	2.38B	5.31%
Fuel, purchased power, and gas — utility	cost	2.21B	11.88%
Depreciation and amortization	cost	1.84B	6.29%
Taxes other than income	cost	529.00M	8.62%
Gain (loss) on sale of assets and asset impairment charges	revenue	49.00M	75.00%
Net income	profit	1.46B	4.13%
Income tax expense (benefit) at effective tax rate	cost	88.00M	158.82%
Aggregate	profit	1.16B	12.99%
Interest expense	cost	1.06B	11.04%
Other expenses	cost	101.00M	38.36%

Business Breakdown
Segment	Value	YoY
Energy Trading	6.48B	68.54%
DTE Vantage	696.00M	-7.57%
Others	8.64B	9.92%

Balance Sheet – DTE FY 2025 Balance Sheet (FY 2025)

Balance Sheet FY 2025
Item	Category	Value	YoY
Property, plant, and equipment	assets	44.62B	9.26%
Regulatory assets, noncurrent	assets	7.38B	8.99%
Decommissioning fund investments	assets	2.55B	13.12%
Accounts receivable	assets	2.03B	20.18%
Goodwill	assets	1.99B	0.00%
Financing receivable, excluding accrued interest, after allowance for credit loss, noncurrent	assets	1.46B	62.03%
Materials and supplies	assets	994.00M	23.94%
Prepaid postretirement costs	assets	761.00M	7.94%
Securitized regulatory assets	assets	619.00M	-10.29%
Other	assets	441.00M	41.35%
Fuel	assets	381.00M	-14.00%
Operating lease right-of-use assets	assets	271.00M	44.15%
Other assets, current	assets	261.00M	11.06%
Cash and cash equivalents	assets	208.00M	766.67%
Other long-term investments	assets	194.00M	10.23%
Intangible assets	assets	188.00M	30.56%
Regulatory assets	assets	170.00M	240.00%
Total derivatives assets as reported, current	assets	143.00M	-11.73%
Investments in equity method investees	assets	122.00M	-4.69%
Other receivables, net, current	assets	118.00M	-13.87%
Total derivatives assets as reported, noncurrent	assets	89.00M	4.71%
Restricted cash	assets	42.00M	-34.38%
Total property	assets	33.65B	8.93%
Total other assets	assets	13.20B	11.97%
Accumulated depreciation, depletion and amortization, property, plant, and equipment	assets	10.97B	10.28%
Total current assets	assets	4.35B	20.54%
Total investments	assets	2.87B	12.03%
Total assets	assets	54.07B	10.69%
Total long-term debt (net of current portion)	liabilities	23.79B	14.96%
Total other liabilities	liabilities	12.56B	10.74%
Total equity	liabilities	12.31B	5.16%
Total current liabilities	liabilities	5.41B	5.93%
Mortgage bonds, notes, and other	liabilities	21.74B	13.49%
Junior subordinated notes, noncurrent	liabilities	1.47B	66.74%
Securitization bonds	liabilities	561.00M	-11.65%
Finance lease obligations	liabilities	14.00M	-22.22%
Asset retirement obligations, noncurrent	liabilities	4.47B	10.87%
Deferred income taxes	liabilities	3.40B	14.94%
Regulatory liabilities	liabilities	2.88B	0.88%
Accrued environmental loss contingencies, noncurrent	liabilities	405.00M	14.73%
Accumulated deferred investment tax credit	liabilities	402.00M	49.44%
Accrued postretirement liability	liabilities	247.00M	6.01%
Accrued pension liability	liabilities	235.00M	9.81%
Operating lease liabilities	liabilities	235.00M	40.72%
Other	liabilities	224.00M	7.69%
Derivative liability, noncurrent	liabilities	66.00M	15.79%
Equity, attributable to noncontrolling interest	liabilities	5.00M	0.00%
Accumulated other comprehensive income (loss), net of tax	equity	39.00M	50.00%
Total dte energy company/dte electric company equity	equity	12.30B	5.16%
Accounts payable	liabilities	1.75B	26.39%
Long-term debt and lease obligation, current	liabilities	1.36B	4.63%
Short-term borrowings	liabilities	882.00M	-17.34%
Other liabilities, current	liabilities	678.00M	15.70%
Accrued interest	liabilities	273.00M	21.88%
Dividends payable	liabilities	242.00M	7.08%
Regulatory liabilities	liabilities	107.00M	-40.88%
Derivative liability, current	liabilities	86.00M	-27.12%
Operating lease liabilities	liabilities	32.00M	52.38%
Aggregate	equity	12.34B	5.26%
Common stock (no par value, 400,000,000 shares authorized, and 207,745,154 and 207,171,582 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively)	equity	6.86B	1.17%
Retained earnings (accumulated deficit)	equity	5.48B	10.88%

Cash Flow Statement – DTE 12M 2025 Cash Flow Statement (12M 2025)

Operating Activities – 12M 2025
Item	Value
Depreciation and amortization	1.84B
Net income	1.46B
Deferred income taxes	358.00M
Accounts payable	255.00M
Nuclear fuel amortization	67.00M
Gain (loss) on sale of assets and asset impairment charges, net	49.00M
Increase (decrease) in regulatory assets and liabilities	24.00M
Accrued pension liability	21.00M
Accrued postretirement liability	14.00M
Increase (decrease) in derivative assets and liabilities	6.00M
Dividends from equity method investees	3.00M
Increase (decrease) in other operating assets and liabilities, net	-40.00M
Equity earnings of equity method investees	-47.00M
Increase (decrease) in prepaid postretirement costs	-56.00M
Public utilities, allowance for funds used during construction, capitalized cost of equity	-105.00M
Increase (decrease) in inventories	-127.00M
Increase (decrease) in accounts and other receivables	-316.00M

Investing Activities – 12M 2025
Item	Value
Proceeds from sale of nuclear decommissioning trust fund assets	717.00M
Proceeds from sale of assets	32.00M
Principal collections on notes receivable	22.00M
Distributions from equity method investees	18.00M
Payments to acquire equity method investments	-1.00M
Plant and equipment expenditures — non-utility	-86.00M
Payment for (proceeds from) other investing activity	-134.00M
Payments to acquire businesses, net of cash acquired	-210.00M
Payments to acquire notes receivable	-600.00M
Payments to acquire other investments	-719.00M
Plant and equipment expenditures — utility	-4.34B

Financing Activities – 12M 2025
Item	Value
Proceeds from issuance of long-term debt	4.43B
Proceeds from (payment for) other financing activity	-25.00M
Proceeds from (repayments of) short-term debt	-185.00M
Dividends paid	-871.00M
Repayments of long-term debt	-1.29B

Cash Balance – 12M 2025
Item	Value
Cash and cash equivalents, beginning of period	88.00M
Cash and cash equivalents, end of period	250.00M

Income Statement – DTE FY 2025 Income Statement (FY 2025)

Balance Sheet – DTE FY 2025 Balance Sheet (FY 2025)

Cash Flow Statement – DTE 12M 2025 Cash Flow Statement (12M 2025)

Financial Insights

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