DTE Energy Reports Q3 Operating Earnings, Agrees to $3 Billion DTE Vantage Sale
DTE reported operating earnings of $481 million, or $2.30 per diluted share, versus $468 million, or $2.25, a year earlier. It agreed to sell most DTE Vantage assets, excluding EES Coke, for approximately $3 billion; closing is expected in the first half of 2027. The company confirmed 2026 operating EPS guidance of $7.59–$7.73 and outlined about $44 billion in utility investments over five years.
DTE Energy announced its third-quarter 2026 financial results, reporting operating earnings of $481 million, or $2.30 per diluted share, compared to $468 million, or $2.25 per share, in the same period of 2025. Alongside the earnings report, the company entered into an agreement to sell the majority of its DTE Vantage business assets, excluding EES Coke, for approximately $3 billion. The transaction is expected to close in the first half of 2027. Management indicated that the divestiture is part of a strategic portfolio shift to focus resources on the company's regulated utility operations.
Additionally, the company confirmed its 2026 operating EPS guidance of $7.59—$7.73 and outlined plans for approximately $44 billion in utility investments over the next five years to support infrastructure needs, including data center demand.