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

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 DTW's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out DTE Energy Notes'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 Notes Makes Money: DTW Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

Operating margin declined by 3.15 percentage points year over year.

Revenue: USD 8.51B
Largest revenue segment share (Energy Trading): 41.18%
Interest expense: USD 594.00M
Income tax expense: USD 99.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Interest expenseInterest expense
RevenueRevenues
Income tax expenseIncome tax expense (benefit) · IncomeTaxExpenseBenefit
Largest revenue segment share (Energy Trading)Energy Trading · segment_value / revenue * 100
Operating marginOperating income · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 35.50B
Goodwill: USD 1.99B
Accounts receivable: USD 1.68B
Shareholder equity: USD 12.15B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableAccounts receivable · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentTotal property · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 317.39% of net income.

Net income: USD 529.00M
Operating cash flow: USD 1.68B
Cash conversion: 317.39%

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to dte energy company · NetIncomeLoss
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

The company returned cash to shareholders, but free cash flow data is missing, so coverage cannot be assessed.

Cash dividends: USD 467.00M
Net shareholder return: USD 467.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?