DTE Energy
-1.36 %
21.17 %
Yet to be announced
Company Overview
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. The Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries.
Revenue Sources
PassBased on analysis of DTE Energy's operations and revenue sources, the company primarily generates revenue from utility services including electricity generation, transmission, and distribution, as well as natural gas distribution. These core business activities are halal as they provide essential services and involve the exchange of real assets and services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $4.44b | $4.07b | - | $250.0m | 0.00% | 6.15% |
| Dec. 31, 2024 | $3.44b | $3.13b | - | $248.0m | 0.00% | 7.93% |
| Sept. 30, 2024 | $2.91b | $2.64b | - | $252.0m | 0.00% | 9.54% |
| June 30, 2024 | $2.88b | $2.61b | - | $233.0m | 0.00% | 8.94% |
Analyzing the company's financial data over the past four quarters reveals that interest expenses as a percentage of total expenses are: 9.5% for Q3 2024, 8.9% for Q2 2024, 7.4% for Q1 2024, and 7.1% for Q4 2023. The company's interest expense ratios consistently exceed 5% of total expenses, indicating that interest plays a material role in the company's operations.
Operational Ethics
PassAfter reviewing DTE Energy's operations, partnerships, and business relationships, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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