-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
DTE Energy reported Q1 2026 operating EPS of $1.95, down 7.1% and missing consensus by 4.1%, as strong utility performance was offset by Energy Trading timing issues and higher corporate costs. DTE Electric's operating earnings surged $71M to $218M, driven by rate implementation benefits and favorable weather. The Google data center agreement for 1 GW represents significant new disclosure, structured to deliver $1.7B in customer affordability benefits while requiring Google to fund full infrastructure costs. Management maintained its 2026 operating EPS guidance of $7.59-$7.73, positioned for the high end due to renewable natural gas tax credits. We believe DTE's enhanced pipeline visibility of ~5 GW beyond Oracle and Google positions the company for operating EPS CAGR exceeding 8% from 2027-2030, above the current 6%-8% target range. The Google agreement could drive ~$5B in incremental capital investment through 2032, additive to the current $36.5B five-year plan.