Corporate & Other was unfavorable by $56 million quarter-over-quarter due primarily to timing of taxes and higher interest expense, expected to reverse during the year.
DTE Electric earnings were $318 million, $39 million higher than Q2 2024, driven by rate implementation and tax timing, partially offset by higher O&M and rate base costs and warmer weather last year.
DTE Gas operating earnings were $6 million, $6 million lower than Q2 2024 due to higher O&M and rate base costs, partially offset by cooler weather.
DTE is positioned to achieve the high end of its 2025 operating EPS guidance range of $7.09 to $7.23.
DTE maintains a strong balance sheet and investment-grade credit rating with modest equity issuances of $0 to $100 million annually through 2027.
DTE Vantage operating earnings were $31 million, a $17 million increase from 2024, driven by RNG production tax credits and higher custom energy solutions earnings.
Energy Trading earned $24 million for the quarter, with strong margins in contracted and hedged physical power portfolio.
Operating earnings for Q2 2025 were $283 million, translating to $1.36 per share.
The 5-year capital investment plan totals $30 billion, supporting customer-focused reliability and cleaner generation investments.
Dafinchi