DTE Energy | 8-K: FY2025 Revenue Misses Estimate at USD 2.033 B

Revenue: As of FY2025, the actual value is USD 2.033 B, missing the estimate of USD 13.97 B.EBIT: As of FY2025, the actual value is USD 620 M.DTE Gas Company, an indirect wholly-owned subsidiary of DTE Energy Company, reported the following financial and operational metrics for the years ended December 31, 2025, 2024, and 2023, respectively, with some metrics also provided for December 31, 2025 and 2024 for balance sheet items.Net Income2025: $296 million.2024: $259 million.2023: $294 million.Operating Income2025: $498 million.2024: $438 million.2023: $472 million.Operating ExpensesCost of gas:2025: $585 million, an increase of $111 million from 2024.2024: $474 million, an increase of $20 million from 2023.2023: $454 million.Operation and maintenance:2025: $601 million, an increase of $71 million from 2024.2024: $530 million, an increase of $45 million from 2023.2023: $485 million.Depreciation and amortization:2025: $222 million, an increase of $4 million from 2024.2024: $218 million, an increase of $11 million from 2023.2023: $207 million.Taxes other than income:2025: $127 million, an increase of $10 million from 2024.2024: $117 million, an increase of $9 million from 2023.2023: $108 million.Asset (gains) losses and impairments, net:2025: $0 million, a decrease of $6 million from 2024.2024: $6 million, an increase of $6 million from 2023.2023: $0 million.Total Operating Expenses:2025: $1,535 million.2024: $1,345 million.2023: $1,254 million.Other (Income) and Deductions2025: $114 million, an increase of $13 million from 2024.2024: $101 million, an increase of $16 million from 2023.2023: $85 million.Income Tax Expense2025: $88 million, an increase of $10 million from 2024.2024: $78 million, a decrease of $15 million from 2023.2023: $93 million.Disaggregated Revenue (Gas Operating Revenues)Gas sales:2025: $1,499 million.2024: $1,288 million.2023: $1,300 million.End User Transportation:2025: $255 million.2024: $246 million.2023: $250 million.Intermediate Transportation:2025: $87 million.2024: $83 million.2023: $85 million.Other (includes regulatory mechanisms):2025: $192 million.2024: $166 million.2023: $91 million.Sales Volumes (in Bcf)Gas sales:2025: 143 Bcf.2024: 122 Bcf.2023: 126 Bcf.End-user transportation:2025: 164 Bcf.2024: 167 Bcf.2023: 174 Bcf.Intermediate transportation:2025: 566 Bcf.2024: 517 Bcf.2023: 541 Bcf.Total Sales Volumes:2025: 873 Bcf.2024: 806 Bcf.2023: 841 Bcf.Cash Flows from Operating Activities2025: $616 million.2024: $461 million.2023: $677 million.Cash Flows Used for Investing Activities2025: -$659 million.2024: -$735 million.2023: -$739 million.Cash Flows from Financing Activities2025: $74 million.2024: $274 million.2023: $62 million.Capital Expenditures (Plant and equipment expenditures)2025: -$656 million.2024: -$729 million.2023: -$728 million.Dividends Paid on Common Stock2025: -$221 million.2024: -$210 million.2023: -$191 million.Capital Contribution by Parent Company2025: $50 million.2024: $221 million.2023: $216 million.Long-Term Debt (net of current portion)2025: $3,043 million.2024: $2,783 million.Asset Retirement ObligationsDecember 31, 2025: $208 million.December 31, 2024: $198 million.December 31, 2023: $190 million.OutlookDTE Gas Company anticipates continued efforts towards operational excellence, strong cash flows, and achieving its authorized return on equity. Planned significant infrastructure capital investments are expected to drive earnings growth. Additionally, the company filed a rate case on November 13, 2025, requesting a net increase in base rates of $163 million and an increase in return on equity from 9.8% to 10.25%, with a final MPSC order expected in September 2026.