Loading
Sentiment · FY2026 Q2
DTE posted Q1 2026 operating earnings of $1.95 per share, positioning for a strong start toward the high end of 2026 guidance, as a 1 GW Google data center agreement was executed. Oracle construction was underway with a 2026-2028 ramp while an additional 2 GW was in late-stage negotiations with a year-end target. The company priced $350 million of equity forwards in Q1, representing approximately two-thirds of the full-year target, as Google contract drives approximately $5 billion in incremental CAPEX through 2032.
Cloud & AI | Regulation Policy | Capex Investment | Capital Allocation | Guidance Reliability | Demand | Margin | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 10 | 4 | 5 | 3 | 2 | 2 | 1 |
| 2025Q1 | 2 | 11 | 5 | 2 | 2 | 3 | 1 | |
| 2025Q2 | 8 | 5 | 9 | 2 | 4 | 2 | 1 | 1 |
| 2025Q3 | 11 | 3 | 11 | 7 | 7 | 2 | 3 | 1 |
| 2025Q4 | 9 | 7 | 2 | 4 | 3 | 1 | 1 | 3 |
| 2026Q1 | 12 | 8 | 7 | 5 | 1 | 2 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 6 | 2 | 8 | 11 | 9 | 12 |
| Regulation Policy | 10 | 11 | 5 | 3 | 7 | 8 |
| Capex Investment | 4 | 5 | 9 | 11 | 2 | 7 |
| Capital Allocation | 5 | 2 | 2 | 7 | 4 | 5 |
| Guidance Reliability | 3 | 2 | 4 | 7 | 3 | 1 |
| Demand | 2 | 3 | 2 | 2 | 1 | 2 |
| Margin | 2 | 1 | 1 | 3 | 1 | 3 |
| Pricing | 1 | 1 | 1 | 3 | 2 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Michael Sullivan | Wolfe Research | 15 (13%) |
| Andrew Weisel | Scotiabank | 12 (8%) |
| Shar Pourreza | Wells Fargo |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.44B | +1.2% | $1.41 | -30.5% | 16.2% | 8.5% | $-163M |
| FY2025 Q1 | $4.44B | +37.0% | $2.14 | +41.7% | 14.1% | 10.0% | $147M |
| FY2025 Q2 | $3.42B | +18.9% | $1.10 | -29.0% | 12.5% | 6.7% |
| Julien Dumoulin-Smith | Jefferies | 10 (0%) |
| Anthony Crowdell | Mizuho Securities | 10 (10%) |
| David Arcaro | Morgan Stanley | 9 (11%) |
| Travis Miller | Morningstar | 8 (0%) |
| Paul Fremont | Ladenburg Thalmann | 7 (0%) |
| Michael Lonegan | Barclays | 6 (0%) |
| Jeremy Tonet | JPMorgan | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 15 (13%) |
| Barclays | 2 | 12 (0%) |
| Jefferies | 3 | 12 (0%) |
| JPMorgan | 3 | 12 (0%) |
| Scotiabank | 1 | 12 (8%) |
| Wells Fargo | 1 | 12 (8%) |
| Mizuho Securities | 1 | 10 (10%) |
| Morgan Stanley | 1 | 9 (11%) |
| $-258M |
| FY2025 Q3 | $3.53B | +21.4% | $2.02 | -12.2% | 17.6% | 11.9% | $-589M |
| FY2025 Q4 | $4.24B | +23.4% | $1.80 | +27.7% | 13.7% | 8.8% | $-302M |
| FY2026 Q1 | $5.14B | +15.8% | $1.19 | -44.4% | 8.0% | 4.8% | $-323M |
| FY2026 Q2 | $3.37B | -1.5% | $1.36 | +23.6% | 13.6% | 8.4% | $2.00B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What DTE and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We've also executed an agreement with Google to serve a 1-gigawatt data center.”
Google is a new 1-gigawatt data center customer for DTE, expected to fully ramp by end of 2028 and drive roughly $5 billion of incremental generation and storage investment.
“The 1.4-gigawatt Oracle data center included in our plan is approved and construction is underway.”
Oracle is an approved 1.4-gigawatt data center customer for DTE, with load ramping over the next several years and covering full cost of energy and capacity.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DTE DTE Energy | 7 | +15.8% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +26.2% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |