Abstract

DTE Energy Co will report fiscal results on February 17, 2026 Pre-Market; this preview compiles last quarter’s actuals and the market’s current-quarter forecasts for revenue, profitability, and EPS, and reflects recent institutional commentary on the stock from January 1, 2026 to February 10, 2026.

Market Forecast

Consensus for this quarter points to revenue of $3.39 billion, an estimated adjusted EPS of $1.52, and EBIT of $0.66 billion, implying year-over-year revenue growth of 2.29% and a mild EPS increase of 6.37%. Forecast detail on gross profit margin and net profit margin is not available; EBIT is projected to be $0.66 billion, down 0.63% year over year. The main business is expected to maintain stable top-line performance with slight margin pressure, while the most promising segment is guided to deliver steady revenue with improving operating leverage; segment-level revenue and YoY growth are not disclosed in current forecasts.

Last Quarter Review

In the previous quarter, DTE Energy Co delivered revenue of $3.53 billion and adjusted EPS of $2.25, while gross margin, GAAP net income attributable to shareholders, and net profit margin were not disclosed in the available dataset. Management highlighted disciplined cost control and resilient utility volumes, with positive impacts from rate implementation and favorable weather. The core utility businesses maintained stable operations with regulated returns supporting revenue stability; segment-level revenue and YoY comparisons were not available.

Current Quarter Outlook

Core Regulated Operations

Regulated electric and gas operations anchor quarterly performance through cost-of-service recovery and approved rate mechanisms. With projected revenue of $3.39 billion and EBIT of $0.66 billion, profitability depends on fuel cost pass-throughs, usage trends, and the pace of O&M normalization following last quarter’s higher spend. Weather-normalized demand and ongoing capital deployment into grid modernization will influence rate base growth and earnings trajectory through the year. Execution on planned capital programs and regulatory milestones could support stable earnings even if volumetric trends are flat.

Growth and Margin Drivers

EBIT is forecast to be broadly stable at $0.66 billion year over year, suggesting limited operating leverage in the quarter. Potential margin drivers include the cadence of cost recovery under tracker mechanisms, mix effects between electric and gas segments, and timing of maintenance and storm-related spend. Investment in reliability and renewable integration may raise depreciation and interest expense, which could temper EPS upside even if revenue lands near expectation.

Key Stock Price Sensitivities

Investors are focused on guidance quality for 2026 EPS and rate base growth, as well as any updates on capital allocation, including dividend trajectory and financing mix. Regulatory clarity around upcoming rate cases and rider recoveries remains a swing factor for sentiment. Weather variability and the pass-through nature of fuel costs can add noise to top-line trends, keeping attention on underlying O&M discipline and regulatory outcomes to gauge sustainable earnings power.

Analyst Opinions

Recent opinions skew neutral-to-cautious, with a balanced mix of holds and selective buys, reflecting sensitivity to regulatory timing and near-term margin visibility. The majority view expects an in-line quarter with limited catalyst potential, leaning on stable regulated earnings and constructive long-term capex but guarded near-term operating leverage. Commentary emphasizes the importance of consistent execution on rate recovery and clear 2026 guidance to support the valuation multiple.