DTE · DTE Energy Q2 FY2026 earnings call record财报电话会记录

“I'm sure you are aware, at the start of July, a severe, fast-moving storm impacted nearly 400,000 customers.”

“Our year-to-date earnings performance keeps us on track to reach the high end of our operating EPS guidance this year, and we are confident in our long-term operating EPS growth rate target of 6%-8% through 2030.”

“In 2025, we installed over 700 automated devices, which was about 20% over plan, and we are planning to deploy more than 500 additional devices in 2026.”

“In 2025, we converted over 70 mi of 4.8 kV circuits to higher voltage and rebuilt more than 20 mi of sub-transmission infrastructure.”

“Across the prior five storms preceding July, we restored an average of 97% of customers within 24 hours and nearly 100% within 48 hours.”

“We have 2.4 GW of executed agreements supported by contracts that are designed to protect existing customers while driving significant growth.”

“Once fully ramped, Oracle is expected to provide about $300 million of annual benefits for existing customers, while the Google data center is expected to generate roughly $1.7 billion of benefits over the life of the contract.”

“Overall, we remain well-positioned to continue our track record of managing affordability while making the investments needed to improve reliability, support growth, and serve our customers over the long term.”

“Should the Oracle load ramp faster than we have included in the electric rate case, we have proposed a regulatory mechanism to capture any excess margin and flow that benefit back to customers.”

“To support the significant increase to our capital investment plan that we need to execute for our customers, we are still targeting annual equity issuances of $500 million-$600 million in 2026 through 2028, with similar levels expected through 2030.”

“Our 2026 guidance range reflects 6%-8% operating EPS growth off the 2025 guidance midpoint.”

“Our five-year plan supports high-quality, 6%-8% long-term operating EPS growth, driven by customer-focused utility investment, with utility earnings comprising 93% of total earnings by 2030.”