DTE Income Statement Research

DTE Stock

USD 110.12 1.55 1.43%

Most accounts from DTE Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into DTE Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out DTE Energy Valuation and DTE Energy Correlation analysis.

For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.

At present, DTE Energy's Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.1 B, whereas Gross Profit is forecasted to decline to about 4.1 B.

For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.At present, DTE Energy's Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.1 B, whereas Gross Profit is forecasted to decline to about 4.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	3.3B	3.7B	4.3B	4.1B
Total Revenue	15.0B	19.2B	12.7B	8.4B

Gross Profit Total Revenue

DTE Energy income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Extraordinary Items	Minority Interest	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Non Recurring	Net Interest Income	Reconciled Depreciation	Discontinued Operations
Interest Expense		0.63	0.51	-0.27	-0.33	0.54	0.68	0.4	0.79	0.64	0.55	0.15	0.52	-0.37	0.12	-0.05	0.71	0.72	-0.02	-0.47	-0.67	-0.73	-0.82	0.77	0.58
Total Revenue	0.63		0.13	-0.23	-0.27	0.44	0.7	0.21	0.76	0.99	0.97	-0.11	0.4	-0.55	0.04	-0.17	0.74	0.52	-0.09	-0.6	-0.59	-0.56	-0.37	0.47	0.18
Gross Profit	0.51	0.13		0.13	0.03	0.39	0.31	0.1	0.39	0.12	-0.07	0.9	0.29	-0.19	-0.01	0.28	-0.17	0.36	-0.09	-0.17	-0.2	-0.29	-0.49	0.48	0.45
Operating Income	-0.27	-0.23	0.13		0.98	0.59	0.19	-0.7	0.03	-0.26	-0.25	0.07	0.18	-0.15	-0.15	0.13	-0.22	0.32	-0.09	0.01	-0.12	-0.14	-0.24	0.27	0.26
Ebit	-0.33	-0.27	0.03	0.98		0.56	0.17	-0.65	-0.04	-0.31	-0.28	-0.02	0.19	-0.05	-0.18	0.08	-0.19	0.28	-0.05	0.11	-0.05	-0.08	-0.16	0.2	0.27
Ebitda	0.54	0.44	0.39	0.59	0.56		0.79	-0.2	0.79	0.4	0.37	0.05	0.63	-0.48	0.06	0.09	0.51	0.83	-0.11	-0.37	-0.57	-0.62	-0.76	0.82	0.66
Net Income	0.68	0.7	0.31	0.19	0.17	0.79		0.2	0.79	0.63	0.62	-0.05	0.85	-0.34	0.28	-0.16	0.7	0.92	0.26	-0.29	-0.73	-0.66	-0.6	0.58	0.35
Income Tax Expense	0.4	0.21	0.1	-0.7	-0.65	-0.2	0.2		0.13	0.17	0.16	0.01	0.47	0.41	0.3	-0.03	0.31	0.12	0.48	0.41	0.1	0.06	0.1	-0.19	-0.06
Depreciation And Amortization	0.79	0.76	0.39	0.03	-0.04	0.79	0.79	0.13		0.73	0.68	0.07	0.52	-0.67	0.26	0.09	0.71	0.7	-0.15	-0.6	-0.6	-0.61	-0.7	0.81	0.5
Other Operating Expenses	0.64	0.99	0.12	-0.26	-0.31	0.4	0.63	0.17	0.73		0.98	-0.11	0.32	-0.56	-0.03	-0.17	0.72	0.49	-0.15	-0.66	-0.61	-0.59	-0.4	0.5	0.2
Cost Of Revenue	0.55	0.97	-0.07	-0.25	-0.28	0.37	0.62	0.16	0.68	0.98		-0.3	0.32	-0.53	0.0	-0.23	0.79	0.47	-0.11	-0.61	-0.59	-0.55	-0.33	0.42	0.13
Total Operating Expenses	0.15	-0.11	0.9	0.07	-0.02	0.05	-0.05	0.01	0.07	-0.11	-0.3		-0.04	-0.08	-0.04	0.36	-0.53	-0.04	-0.12	-0.04	0.12	0.05	-0.12	0.15	0.17
Income Before Tax	0.52	0.4	0.29	0.18	0.19	0.63	0.85	0.47	0.52	0.32	0.32	-0.04		0.08	0.31	-0.02	0.51	0.85	0.59	0.21	-0.43	-0.42	-0.41	0.31	0.25
Total Other Income Expense Net	-0.37	-0.55	-0.19	-0.15	-0.05	-0.48	-0.34	0.41	-0.67	-0.56	-0.53	-0.08	0.08		-0.28	-0.04	-0.31	-0.25	0.42	0.79	0.46	0.42	0.48	-0.65	-0.14
Extraordinary Items	0.12	0.04	-0.01	-0.15	-0.18	0.06	0.28	0.3	0.26	-0.03	0.0	-0.04	0.31	-0.28		0.01	0.09	0.15	0.48	0.14	-0.04	0.13	0.03	-0.05	-0.44
Minority Interest	-0.05	-0.17	0.28	0.13	0.08	0.09	-0.16	-0.03	0.09	-0.17	-0.23	0.36	-0.02	-0.04	0.01		-0.3	-0.07	0.08	0.04	0.51	0.41	-0.08	0.11	0.05
Selling General Administrative	0.71	0.74	-0.17	-0.22	-0.19	0.51	0.7	0.31	0.71	0.72	0.79	-0.53	0.51	-0.31	0.09	-0.3		0.65	0.0	-0.41	-0.64	-0.64	-0.54	0.55	0.41
Net Income From Continuing Ops	0.72	0.52	0.36	0.32	0.28	0.83	0.92	0.12	0.7	0.49	0.47	-0.04	0.85	-0.25	0.15	-0.07	0.65		0.28	-0.24	-0.75	-0.74	-0.78	0.68	0.49
Non Operating Income Net Other	-0.02	-0.09	-0.09	-0.09	-0.05	-0.11	0.26	0.48	-0.15	-0.15	-0.11	-0.12	0.59	0.42	0.48	0.08	0.0	0.28		0.64	0.05	0.12	0.17	-0.37	-0.46
Tax Provision	-0.47	-0.6	-0.17	0.01	0.11	-0.37	-0.29	0.41	-0.6	-0.66	-0.61	-0.04	0.21	0.79	0.14	0.04	-0.41	-0.24	0.64		0.56	0.5	0.54	-0.65	-0.32
Interest Income	-0.67	-0.59	-0.2	-0.12	-0.05	-0.57	-0.73	0.1	-0.6	-0.61	-0.59	0.12	-0.43	0.46	-0.04	0.51	-0.64	-0.75	0.05	0.56		0.94	0.7	-0.63	-0.35
Non Recurring	-0.73	-0.56	-0.29	-0.14	-0.08	-0.62	-0.66	0.06	-0.61	-0.59	-0.55	0.05	-0.42	0.42	0.13	0.41	-0.64	-0.74	0.12	0.5	0.94		0.79	-0.74	-0.56
Net Interest Income	-0.82	-0.37	-0.49	-0.24	-0.16	-0.76	-0.6	0.1	-0.7	-0.4	-0.33	-0.12	-0.41	0.48	0.03	-0.08	-0.54	-0.78	0.17	0.54	0.7	0.79		-0.94	-0.73
Reconciled Depreciation	0.77	0.47	0.48	0.27	0.2	0.82	0.58	-0.19	0.81	0.5	0.42	0.15	0.31	-0.65	-0.05	0.11	0.55	0.68	-0.37	-0.65	-0.63	-0.74	-0.94		0.77
Discontinued Operations	0.58	0.18	0.45	0.26	0.27	0.66	0.35	-0.06	0.5	0.2	0.13	0.17	0.25	-0.14	-0.44	0.05	0.41	0.49	-0.46	-0.32	-0.35	-0.56	-0.73	0.77

Click cells to compare fundamentals

DTE Energy Account Relationship Matchups

DTE Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	641M	720M	630M	675M	791M	830.6M
Total Revenue	12.7B	12.2B	15.0B	19.2B	12.7B	8.4B
Gross Profit	3.4B	3.9B	3.3B	3.7B	4.3B	4.1B
Operating Income	1.7B	2.0B	1.5B	1.7B	2.2B	1.4B
Ebit	1.7B	2.0B	1.5B	1.7B	2.4B	1.4B
Ebitda	3.1B	3.5B	3.0B	3.2B	4.0B	2.8B
Net Income	1.2B	1.4B	907M	1.1B	1.4B	702.3M
Income Tax Expense	152M	167M	(130M)	29M	169M	177.5M
Cost Of Revenue	9.3B	8.3B	11.6B	15.6B	8.4B	5.8B
Income Before Tax	1.3B	1.5B	656M	1.1B	1.6B	956.7M
Minority Interest	(22M)	(2M)	3M	(10M)	1M	0.0
Tax Provision	152M	167M	(130M)	29M	169M	103.2M
Interest Income	17M	38M	22M	46M	57M	58.8M
Non Recurring	15M	35M	33M	(5M)	(4.5M)	(4.3M)
Net Interest Income	(624M)	(682M)	(608M)	(629M)	(734M)	(770.7M)

Pair Trading with DTE Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DTE Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DTE Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with DTE Stock

0.77	D	Dominion Energy Financial Report 3rd of May 2024	Pair Corr
0.86	ES	Eversource Energy Financial Report 1st of May 2024	Pair Corr
0.82	FE	FirstEnergy Earnings Call This Week	Pair Corr

Moving against DTE Stock

0.59	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.45	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DTE Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DTE Energy to buy it.

The correlation of DTE Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for DTE Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports:

How To Invest In DTE

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Is DTE Stock a good investment?

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What is DTE Energy's Net Worth?

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Check out DTE Energy Valuation and DTE Energy Correlation analysis.

For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for DTE Stock analysis

When running DTE Energy's price analysis, check to measure DTE Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.

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Is DTE Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.539

Dividend Share

3.878

Earnings Share

6.76

Revenue Per Share

61.869

Quarterly Revenue Growth

(0.24)

The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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DTE Income Statement Research

DTE Energy income statement Correlations

DTE Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DTE Energy income statement Accounts

Pair Trading with DTE Energy

Moving together with DTE Stock

Moving against DTE Stock

Complementary Tools for DTE Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 0.99	Total Revenue
Ebit	+ 0.98	Operating Income
Cost Of Revenue	+ 0.98	Other Operating Expenses
Cost Of Revenue	+ 0.97	Total Revenue
Non Recurring	+ 0.94	Interest Income
Net Income From Continuing Ops	+ 0.92	Net Income

Reconciled Depreciation	- 0.94	Net Interest Income
Net Interest Income	- 0.82	Interest Expense
Net Interest Income	- 0.78	Net Income From Continuing Ops
Net Interest Income	- 0.76	Ebitda
Interest Income	- 0.75	Net Income From Continuing Ops
Reconciled Depreciation	- 0.74	Non Recurring