DTE Energy Company (DTE)财务
NYSE · Utilities · Regulated Electric · 员工9,592人 · CEO Joi Harris
- 股价
- $135.49 +0.72%
- 市值
- $282亿
- 企业价值
- $559亿
- 最近财报
- Q2 '26 2026-07-28提交
- 下次财报
- 2026-11-05 EPS预期 $2.15
营收(TTM)$162亿+14.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)12.3%-2.6 百分点 对比去年同期营业利润 $20.1亿
净利润(TTM)$13.2亿-8.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$19.3亿-199.7% 对比去年同期资本支出 $53.1亿
稀释EPS(TTM)$6.37-8.3% 对比去年同期最近4个季度之和
净现金-$278亿-16.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $282亿 EV $559亿
- 营收
- $162亿 过去12个月
- 营收增速
- +1% FY2026年一致预期
- 净利润率
- 8.1% 净利润 / 营收,TTM
- P/E
- 21.3× 预期 17.6×(FY2026)
- P/S
- 1.7× 股价 / 营收,TTM
- EV / EBITDA
- 13.1× TTM
- 自由现金流
- -$19.3亿 过去12个月
- 净利润
- $13.2亿 过去12个月
- 营收预期
- $160亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $35.4亿
- 股息
- $4.66 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-28):营收符合预期,EPS 超预期15.8%营收$33.7亿,预期$33.6亿(+0.3%);EPS $1.32,预期$1.14(+15.8%)。
- 营收增长放缓:同比-2.4%Q2 '26营收$33.4亿,此前四个季度的平均值为19.9%。
- 营业利润率12.3%(TTM),较去年同期-2.6 百分点营收增长14.4%,营业利润增长-5.5%。
- 税前利润的51.6%被营业外亏损吞噬税前利润$13.2亿,营业利润$20.1亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的32.7%(去年为29.7%)最近4个季度投入$53.1亿(同比+25.8%)。自由现金流-$19.3亿,相当于净利润的-146.3%。
- 稀释股数一年内增加0.5%Q2 '26稀释股数2.08亿,一年前为2.07亿。
- 净债务 $278亿现金 + 短期投资 $8400万,含租赁债务 $278亿;一年前净债务 $239亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $33.4亿 | $34.2亿 | -2.4% |
| 毛利率 | 16.1% | 29.4% | -13.3 百分点 |
| 营业利润 | $3.96亿 | $4.27亿 | -7.3% |
| 营业利润率 | 11.9% | 12.5% | -0.6 百分点 |
| 净利润 | $2.82亿 | $2.28亿 | +23.7% |
| 稀释EPS | $1.36 | $1.10 | +23.6% |
| 经营现金流 | $7.76亿 | $7.13亿 | +8.8% |
| 资本支出 | $14.9亿 | $9.71亿 | +53.7% |
| 自由现金流 | -$7.16亿 | -$2.58亿 | -177.5% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-07-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $33.7亿 | $33.6亿 | +0.3% |
| EPS(一致预期口径) | $1.32 | $1.14 | +15.8% |
来自2026-07-28发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Electric | -$1700万 | -101.1% | 22.4% | – | – | |
| Energy Trading | -$4400万 | -105.3% | 57.9% | – | – | |
| Gas | -$400万 | -101.4% | 5.3% | – | – | |
| DTE Vantage | -$1100万 | -106.1% | 14.5% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $33.8亿
- 资本支出
- -$53.1亿
- 股票回购
- $0
- 股息
- -$9.15亿
- 收购
- -$3.89亿
- 债务净发行
- $37.8亿
- 股权激励费用
- $0
- 自由现金流
- -$19.3亿
- 股东回报 / FCF
- -47.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 21.3× | 19.8× | 16.3× – 25.5× |
| EV / EBITDA | 13.1× | 12.8× | 10.9× – 15.0× |
| EV / 营收 | 3.4× | 3.1× | 2.2× – 3.9× |
| 股价 / FCF | -14.6× | – | – |
| 股价 / 净资产 | 2.3× | 2.2× | 2.1× – 2.7× |
| FCF收益率 | -6.8% | -3.9% | -6.1% – -3.1% |
| 投入资本回报率 | 3.8% | 4.4% | 4.0% – 4.7% |
| 净资产收益率 | 10.8% | 11.5% | 10.4% – 12.6% |
分析师
一致目标价 $143.63 (+6.0%)
区间 $135.00 – $165.00 · 评级 Hold
强烈买入0
买入21
持有25
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $160亿 | +1.2% | $7.71 | +9.2% | 17.6× | 10 |
| FY2027 | $166亿 | +3.4% | $8.30 | +7.6% | 16.3× | 11 |
| FY2028 | $172亿 | +3.8% | $8.99 | +8.3% | 15.1× | 6 |
| FY2029 | $177亿 | +3.3% | $9.68 | +7.7% | 14.0× | 3 |
| FY2030 | $183亿 | +3.4% | $10.36 | +7.1% | 13.1× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
DTE Energy Company在近期10-Q / 10-K文件中标记的全部329项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $16.3亿 | $13亿 | +25.2% | $17.5亿 | $13.9亿 | +26.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $19.2亿 | $17.3亿 | +10.7% | $20.3亿 | $16.9亿 | +20.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $6800万 | $7500万 | -9.3% | $6000万 | $7000万 | -14.3% |
| Accrued Environmental Loss Contingencies, Noncurrent | $4.12亿 | $3.51亿 | +17.4% | $4.05亿 | $3.53亿 | +14.7% |
| Accumulated Deferred Investment Tax Credit | $5.05亿 | $4.04亿 | +25.0% | $4.02亿 | $2.69亿 | +49.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $112亿 | $103亿 | +8.7% | $110亿 | $99.5亿 | +10.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$3600万 | -$2800万 | -28.6% | -$3900万 | -$2600万 | -50.0% |
| Additional Collateral, Aggregate Fair Value | $4.59亿 | $3.84亿 | +19.5% | $4.83亿 | $3.6亿 | +34.2% |
| Amortization of Intangible Assets | – | – | – | $1800万 | $1600万 | +12.5% |
| Amortization of Regulatory Asset | – | – | – | $5.5亿 | $3.94亿 | +39.6% |
| Asset Retirement Obligation | $44.7亿2025-12-31 | $40.3亿 | +10.9% | $44.7亿 | $40.3亿 | +10.9% |
| Asset Retirement Obligation, Accretion Expense | $6300万2025-12-31 | – | – | $2.39亿 | $2.11亿 | +13.3% |
| Asset Retirement Obligation, Liabilities Incurred | $02025-12-31 | – | – | $3200万 | $3.24亿 | -90.1% |
| Asset Retirement Obligation, Liabilities Settled | $700万2025-12-31 | – | – | $1000万 | $1400万 | -28.6% |
| Asset Retirement Obligation, Revision of Estimate | $02025-12-31 | – | – | $1.77亿 | -$4600万 | +484.8% |
| Asset Retirement Obligations, Noncurrent | $45.4亿 | $41.2亿 | +10.1% | $44.7亿 | $40.3亿 | +10.9% |
| Assets | $551亿 | $496亿 | +11.2% | $541亿 | $488亿 | +10.7% |
| Assets, Current | $43.9亿 | $36.2亿 | +21.4% | $43.5亿 | $36.1亿 | +20.5% |
| Assets, Fair Value Disclosure | $31.7亿 | – | – | $30.9亿 | $26.2亿 | +18.0% |
| Capital Expenditures Incurred but Not yet Paid | $5.89亿 | $3.75亿 | +57.1% | $5.7亿 | $4.54亿 | +25.6% |
| Capitalized Computer Software, Accumulated Amortization | $4.74亿2025-12-31 | $4.76亿 | -0.4% | $4.74亿 | $4.76亿 | -0.4% |
| Capitalized Computer Software, Amortization | – | – | – | $1.64亿 | $1.92亿 | -14.6% |
| Capitalized Computer Software, Gross | $12.1亿2025-12-31 | $10.1亿 | +20.5% | $12.1亿 | $10.1亿 | +20.5% |
| Capitalized Interest Costs, Including Allowance for Funds Used During Construction | – | – | – | $1.52亿 | $1.22亿 | +24.6% |
| Cash and Cash Equivalents, at Carrying Value | $2.38亿 | $3300万 | +621.2% | $2.08亿 | $2400万 | +766.7% |
| Cash and Cash Equivalents, Fair Value Disclosure | $2.28亿 | – | – | $1.76亿 | $1100万 | +1,500.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.78亿 | $9000万 | +208.9% | $2.5亿 | $8800万 | +184.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2800万 | $200万 | +1,300.0% | $1.62亿 | $3700万 | +337.8% |
| Collateral Already Posted, Aggregate Fair Value | $0 | $0 | – | $300万 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $1.17 | $1.09 | +7.3% | $4.44 | $4.15 | +7.0% |
| Common Stock, Shares Authorized | 4亿 | 4亿 | 0.0% | 4亿 | 4亿 | 0.0% |
| Common Stock, Shares, Issued | 2.08亿 | 2.08亿 | +0.2% | 2.08亿 | 2.07亿 | +0.3% |
| Common Stock, Shares, Outstanding | 2.08亿 | 2.08亿 | +0.2% | 2.08亿 | 2.07亿 | +0.3% |
| Common Stock, Value, Issued | $68.7亿 | $67.9亿 | +1.3% | $68.6亿 | $67.8亿 | +1.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.5亿 | $4.43亿 | -43.6% | $14.5亿 | $14.5亿 | +0.3% |
| Contract with Customer, Liability | $1.65亿 | $1.46亿 | +13.0% | $1.7亿 | $1.38亿 | +23.2% |
| Contract with Customer, Liability, Current | $2.6亿2025-09-30 | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $6800万 | $4300万 | +58.1% | $1.34亿 | $1亿 | +34.0% |
| Costs and Expenses | $47.3亿 | $38.2亿 | +23.9% | $134亿 | $104亿 | +29.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$2.69亿 | -$2.29亿 | -17.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $200万 | $300万 | -33.3% |
| Current Income Tax Expense (Benefit) | – | – | – | -$2.7亿 | -$2.28亿 | -18.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$300万 | -$200万 | -50.0% |
| Debt Instrument, Face Amount | $44.6亿2025-12-31 | $45.7亿 | -2.4% | $44.6亿 | $45.7亿 | -2.4% |
| Decommissioning Fund Investments | $26亿 | $22.5亿 | +15.7% | $25.5亿 | $22.6亿 | +13.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $2.53亿 | $1.16亿 | +118.1% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $100万 | -100.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $3.58亿 | $1.94亿 | +84.5% |
| Deferred Income Tax Liabilities, Net | $33.8亿 | $29.5亿 | +14.6% | $34亿 | $29.6亿 | +14.9% |
| Deferred Income Taxes and Tax Credits | -$5300万 | -$1900万 | -178.9% | $3.58亿 | $1.94亿 | +84.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1.05亿 | $7700万 | +36.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $25.8亿2025-12-31 | $25.1亿 | +2.7% | $25.8亿 | $25.1亿 | +2.7% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $1.8亿2025-12-31 | $1.9亿 | -5.3% | $1.8亿 | $1.9亿 | -5.3% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $5100万2025-12-31 | $6800万 | -25.0% | $5100万 | $6800万 | -25.0% |
| Deferred Tax Assets, Other | $1.82亿2025-12-31 | $1.45亿 | +25.5% | $1.82亿 | $1.45亿 | +25.5% |
| Deferred Tax Assets, Tax Credit Carryforwards | $16.2亿2025-12-31 | $16亿 | +0.9% | $16.2亿 | $16亿 | +0.9% |
| Deferred Tax Assets, Tax Credit Carryforwards, General Business | $16亿2025-12-31 | $16亿 | 0.0% | $16亿 | $16亿 | 0.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $300万2025-12-31 | $5500万 | -94.5% | $300万 | $5500万 | -94.5% |
| Deferred Tax Assets, Valuation Allowance | $4600万2025-12-31 | $2500万 | +84.0% | $4600万 | $2500万 | +84.0% |
| Deferred Tax Liabilities, Gross | $59.8亿2025-12-31 | $54.7亿 | +9.3% | $59.8亿 | $54.7亿 | +9.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02