DTE outlines >9% operating EPS CAGR through 2031 as it plans $3B DTE Vantage sale and a $44B 5-year utility capex ramp (NYSE:DTB)

DTE Energy's gas utility, DTE Gas, reported nine-month net income of $176M and operating revenue of $1.445B for 2026. Q3 saw a net loss of $29M and operating loss of $5M. Revenue and income figures improved year-over-year. The company serves 1.4M customers in Michigan and received regulatory approvals for rates and infrastructure loans.

DTE Energy raised its five-year utility investment plan to $44 billion, up $10 billion from its prior plan. The increase supports data center load growth, including agreements with Oracle and Google for 2.4 GW. DTE also agreed to sell DTE Vantage for $3 billion. CEO Joi Harris expects annual operating EPS growth of over 9%.

DTE Energy increased its five-year investment plan to $44bn, citing data center demand. $39bn is allocated to DTE Electric, including $23bn for generation and 7.6GW of new solar and wind. CEO Joi Harris noted gas plants will replace the Monroe coal plant. CFO David Ruud attributed the increase to data center load growth. DTE secured 2.4GW of data center load, including projects with Oracle and Google.

DTE Energy agreed to sell its non-utility business, DTE Vantage, to investors advised by J.P. Morgan Asset Management for $3bn. The deal, expected to close by mid-2027, will allow DTE to focus on its core utility operations and increase capital investment. DTE plans to invest $44bn over the next five years, with $6.1bn allocated for 2026. Q3 2026 earnings were $470m, up from $419m the prior year. The company confirmed its 2026 operating earnings guidance and provided a 2027 baseline range.

DTE Energy (DTE) reported Q3 2026 earnings, announcing the sale of DTE Vantage for $3 billion to focus on utility investments. The company raised its 2026 EPS guidance to 6-8% growth and expects long-term EPS CAGR of over 9% through 2031. The $44 billion 5-year utility investment plan includes $39 billion for electric infrastructure and $12 billion for gas modernization. The Vantage sale will reduce equity needs and support debt reduction, with the transaction expected to close in early 2027.

DTE Energy (NYSE: DTE) reported Q3 EPS of $2.30, beating estimates by $0.01, with revenue at $3.58B, exceeding expectations of $3.45B. The stock is down 1.67% over 3 months but up 1.79% year-over-year. Analysts have revised EPS estimates negatively in recent months.