By Nate Wolf

Shares of DTE Energy jumped Tuesday after the Michigan-based energy company won an agreement to power Oracle's data center in Saline Township, Mich.

DTE, which provides electricity and natural gas to millions of customers across Michigan, will provide 1.4 gigawatts of power for Oracle's facility after getting approval from the Michigan Public Service Commission. The deal is DTE's first with a hyperscale data center, the company said. A dollar figure wasn't immediately available.

The agreement ensures revenue from Oracle "cover the costs associated with powering the data center, so DTE's existing customers will not subsidize data-center rates," the company said.

DTE stock was up 2.5% in premarket trading. Shares have risen 12% so far this year.

The company also announced better-than-expected quarterly earnings on Tuesday. DTE posted adjusted earnings of $1.77 a share for the fourth quarter, surpassing analysts' consensus call for $1.52. The company reiterated its 2026 forecast for adjusted earnings per share of $7.59 to $7.73.

Write to Nate Wolf at nate.wolf@barrons.com

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February 17, 2026 07:30 ET (12:30 GMT)

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