DTE Energy (DTE) Q3 GAAP EPS $2.25 vs $2.17 est.

DTE Energy agreed to sell its non-utility DTE Vantage business to institutional investors advised by J.P. Morgan Asset Management's Global Infrastructure group for approximately $3 billion, with the deal expected to close in the first half of 2027. The Detroit-based utility reported third-quarter GAAP earnings of $470 million, or $2.25 per diluted share, beating the $2.17 consensus estimate and up from $2.01 a year earlier, while operating earnings came in at $2.30 per share versus $2.25 in 2025. DTE said the divestiture supports roughly $44 billion of planned utility capital investment over five years, including $6.1 billion targeted for 2026, of which nearly $4.1 billion has already been deployed through the third quarter. The company also cited regulatory approval of its Google data center contracts, which it says deliver affordability benefits to existing customers, and the filing of its Integrated Resource Plan for future generation. Investors will watch the Vantage sale's path to closing in the first half of 2027 and the outcome of the Michigan regulatory proceedings tied to the data center contracts and long-term generation plan.