News Column

DTE Energy announces solid 2013 financial results

February 28, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- DTE Energy (NYSE: DTE) reported 2013 earnings of $661 million, or $3.76 per diluted share, compared with $610 million, or $3.55 per diluted share in 2012.

2013 operating earnings were $720 million, or $4.09 per diluted share, compared with 2012 operating earnings of $676 million, or $3.94 per diluted share. Operating earnings for 2013 and 2012 exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are at the end of this news release.

"2013 was successful for us on many fronts," said Gerard M. Anderson, DTE Energy chairman and CEO. "In addition to our strong financial performance, we made great strides in improving employee engagement. I'm proud to say that DTE received the Gallup organization's 'Great Workplace Award' and our employee engagement scores increased for the seventh year in a row. I believe that having engaged, dedicated employees helped drive our financial success as well as our customer service, community involvement and operational accomplishments."

When highlighting recent accomplishments, Anderson noted that customers remained DTE Energy's primary focus as it worked to implement strategies to enhance system reliability and safety, reduce costs and increase customer satisfaction.

Keywords for this news article include: Oil & Gas, DTE Energy, Energy Companies.

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Source: Energy Weekly News


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