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DTE Energy Co (DTE Energy Co) Retained Earnings : $4,404 Mil (As of Dec. 2023)


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What is DTE Energy Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DTE Energy Co's retained earnings for the quarter that ended in Dec. 2023 was $4,404 Mil.

DTE Energy Co's quarterly retained earnings increased from Jun. 2023 ($3,862 Mil) to Sep. 2023 ($4,197 Mil) and increased from Sep. 2023 ($4,197 Mil) to Dec. 2023 ($4,404 Mil).

DTE Energy Co's annual retained earnings increased from Dec. 2021 ($3,438 Mil) to Dec. 2022 ($3,808 Mil) and increased from Dec. 2022 ($3,808 Mil) to Dec. 2023 ($4,404 Mil).


DTE Energy Co Retained Earnings Historical Data

The historical data trend for DTE Energy Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DTE Energy Co Retained Earnings Chart

DTE Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,587.00 7,156.00 3,438.00 3,808.00 4,404.00

DTE Energy Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,808.00 4,055.00 3,862.00 4,197.00 4,404.00

DTE Energy Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


DTE Energy Co  (NYSE:DTE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


DTE Energy Co (DTE Energy Co) Business Description

Traded in Other Exchanges
Address
One Energy Plaza, Detroit, MI, USA, 48226-1279
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
Executives
Joann Chavez officer: Sr VP & Chief Legal Officer ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Deborah L Byers director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Lisa A. Muschong officer: Corporate Secretary ONE ENERGY PLAZA, DETROIT MI 48226
Tracy J Myrick officer: Chief Accounting Officer ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Robert A. Richard officer: Executive Vice President ONE ENERGY PLAZA, DETROIT MI 48226
Joi M. Harris officer: Pres. & COO - DTE Gas Company ONE ENERGY PLAZA, DETROIT MI 48226
Trevor F Lauer officer: President and COO-DTE Electric ONE ENERGY PLAZA, DETROIT MI 48226
Gerard M Anderson director, officer: Chairman and CEO ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
David A Thomas director ONE ENERGY PLAZA, DETROIT MI 48226
Mark C. Rolling officer: VP Controller & CAO ONE ENERGY PLAZA, DETROIT MI 48226
David E Meador officer: Vice Chairman and CAO ONE ENERGY PLAZA, DETROIT MI 48226
Matthew T. Paul officer: President & COO DTE Gas Co. ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Peter B Oleksiak officer: Sr. Vice President and CFO ONE ENERGY PLAZA, DETROIT MI 48226
Mark W Stiers officer: President and COO - DTE Gas ONE ENERGY PLAZA, DETROIT MI 48226
Gary Torgow director 235 EAST MAIN STREET, MIDLAND MI 48640

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