DTE ENERGY CO Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||
| Basic Earnings per Share | |||||||||||||||||
| Net Income Attributable to DTE Energy Company | 1,462 | $ | 1,404 | $ | 1,397 | ||||||||||||
| Less: Allocation of earnings to net restricted stock awards | 3 | 3 | 3 | ||||||||||||||
| Net income available to common shareholders — basic | $ | 1,459 | $ | 1,401 | $ | 1,394 | |||||||||||
| Average number of common shares outstanding — basic | 207 | 207 | 206 | ||||||||||||||
| Basic Earnings per Common Share | $ | 7.04 | $ | 6.78 | $ | 6.77 | |||||||||||
| Diluted Earnings per Share | |||||||||||||||||
| Net Income Attributable to DTE Energy Company | $ | 1,462 | $ | 1,404 | $ | 1,397 | |||||||||||
| Less: Allocation of earnings to net restricted stock awards | 3 | 3 | 3 | ||||||||||||||
| Net income available to common shareholders — diluted | $ | 1,459 | $ | 1,401 | $ | 1,394 | |||||||||||
| Average number of common shares outstanding — diluted | 207 | 207 | 206 | ||||||||||||||
Diluted Earnings per Common Share | $ | 7.03 | $ | 6.77 | $ | 6.76 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 5, 2020 | |
| 2018 | Feb 7, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 9, 2017 | |
| 2015 | Feb 10, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.