Mergers & Acquisitions ·
DTE Energy reports Q3 operating EPS of $2.30 and agrees to sell DTE Vantage for ~$3 billion
DTBDte Energy Co
DTE Energy announced third-quarter 2026 reported earnings of $470 million, or $2.25 per diluted share, compared with $419 million, or $2.01 in the prior year period. Operating earnings were $481 million, or $2.30 per diluted share, up from $468 million, or $2.25. The company also entered into an agreement to sell its non-utility DTE Vantage business for approximately $3 billion to institutional investors advised by J.P. Morgan Asset Management, with the transaction expected to close in the first half of 2027. Proceeds will support a $44 billion five-year utility capital investment plan focused on data center infrastructure and reliability. DTE Energy confirmed its 2026 operating EPS guidance of $7.59 to $7.73 and provided a 2027 pro forma baseline range of the same amount, reflecting the asset sale. The company operates regulated electric and natural gas utilities in Michigan.