Earnings release
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NEWS RELEASE DTE DTE Energy reports first quarter 2021 results , continues progress in sustaining communities • Recognized as a Gallup Great Workplace for ninth consecutive year • Supported Habitat for Humanity effort to weather - proof low - income homes • Supported Detroit small businesses with grant to help navigate beyond the pandemic Announced voluntary greenhouse gas reduction program for DTE Gas customers • • Issued third green bond , funding new renewable investments and energy efficiency programs Received regulatory approval for Phase 2 of its Electric Vehicle Charging Forward program DETROIT , Apr. 27 , 2021 - DTE Energy ( NYSE : DTE ) today reported first quarter 2021 earnings of $ 397 million , or $ 2.05 per diluted share , compared with $ 340 million , or $ 1.76 per diluted share in 2020 . Operating earnings for the first quarter 2021 were $ 473 million , or $ 2.44 per diluted share , compared with 2020 operating earnings of $ 320 million , or $ 1.66 per diluted share . Operating earnings exclude non- recurring items , certain mark - to - market adjustments and discontinued operations . Reconciliations of reported earnings to operating earnings are included at the end of this news release . " We are off to a strong start in 2021 , " said Jerry Norcia , DTE Energy president and CEO . “ Our employees continue to deliver – supporting the needs of the communities we serve while delivering improved reliability and service to our customers . " Norcia noted the following accomplishments : • Recognized as a Gallup Great Workplace for ninth consecutive year : DTE Energy was recognized by Gallup for the ninth year in a row as a workplace with exceptionally high employee engagement – in the top 5 % of Gallup's worldwide database of companies . - Awarded grant to Habitat for Humanity : The DTE Energy Foundation funded critical home repairs for people in western and northern Michigan , providing protection from the state's harsh elements and seasonal weather patterns . Supported Detroit Means Business : DTE supported a fundraising effort to help small businesses in Detroit grow past the pandemic . Its Foundation announced a half million dollar grant . DTE is also offering personal protective equipment , technical assistance and opening resources to elevate the small business support ecosystem . Launched CleanVision Natural Gas Balance program for gas customers : CleanVision offers customers a way to affordably offset 25 % to 100 % of greenhouse gas emissions from an average home's natural gas use and is the first program in the nation to include both carbon offsets and renewable natural gas . This voluntary program for gas customers is similar to DTE's MIGreenPower program for electric customers . Issued third green bond : $ 1 billion in bonds will finance green , or clean , energy investments , including renewables and energy efficiency programs . In its initial green bond offering in May 2018 , DTE became one of the first investment - grade energy companies in the nation - and the first company in Michigan – to issue green bonds . -