DTE Energy in Detroit has invested more than $1.8 billion into its utilities during the first half of 2025, and is on pace to invest $4.4 billion this year to continue improving the safety and reliability of its electric and natural gas infrastructure.
The utility also is transforming its generation fleet to deliver cleaner energy for its customers.
In addition, the company reported second quarter earnings of $229 million or $1.10 per diluted share, compared with $322 million, or $1.55 per diluted share in 2024.
Operating earnings for the second quarter 2025 were $283 million, or $1.36 per diluted share, compared with 2024 operating earnings of $296 million, or $1.43 per diluted share.
Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.
“We will continue making these significant investments, providing even more reliable, affordable, and cleaner energy for our customers, which is critical to Michigan’s future,” says Jerry Norcia, CEO and chairman of DTE Energy. “We see our energy infrastructure as an economic engine that not only powers customers’ homes and businesses, but also attracts development and jobs to our great state.”
Norcia also noted the following accomplishments:
- Invested $1.8 billion in the first half of 2025 to improve electric infrastructure and reliability for customers: This investment is part of DTE’s work to build the grid of the future by transitioning to a smarter grid, aggressively updating existing infrastructure, rebuilding significant portions of the electric grid, and extensively trimming trees. Since 2023, the company has seen a 75 percent improvement in the duration of outages due to continued investment in the grid, process improvements, and less severe weather. Continued progress in 2025 gives DTE confidence to achieve the goal of reducing outages by 30 percent and the amount of time customers spend without power by 50 percent by 2029.
- Broke ground on Cold Creek Solar Park: As Michigan’s largest producer of, and investor in, renewable energy, DTE began construction of Cold Creek Solar Park, a 100-megawatt solar array located near Coldwater in April. When completed in 2026, the solar park will be the first of several DTE parks to help Ford Motor Co. reach its goal of attributing 100 percent carbon-free and renewable energy to its Michigan manufacturing facilities.
- Began operations of Pine River Solar Park: DTE began operations of its 80-megawatt Pine River Solar Park, located in mid-Michigan’s Pine River Township. Pine River Solar has more than 180,000 solar panels and will generate enough clean energy to power nearly 20,000 homes. It is the second of DTE’s three new solar parks to be connected to the electric grid in 2025.
- Recognized by Edison Electric Institute with the 2025 Business Development Innovation Award: The Edison Electric Institute (EEI) presented DTE with its 2025 Business Development Innovation Award for implementing innovative business inclusion practices that benefit companies and small local suppliers. Specifically, EEI cited the company’s narrative storytelling to help drive internal and external collaboration and connect local businesses to development opportunities.
DTE Energy also confirmed 2025 operating EPS guidance of $7.09 – $7.23.
“Thanks to our strong performance in 2025, we can continue making significant strides strengthening our energy infrastructure and transforming the way we generate power so it will be safer, cleaner, more reliable, and more affordable for our customers and communities for decades to come,” says David Ruud, executive vice president and CFO of DTE Energy.
The earnings announcement and presentation slides are available at dteenergy.com/investors.
