DTE Energy Co issued the following announcement on April 28.
As the full impact of COVID-19 is still becoming evident, DTE Energy (NYSE:DTE) moved quickly to activate its pandemic response team. The company’s primary concern has been the health and well-being of DTE customers, communities and employees.
Today DTE also reported first quarter 2020 earnings of $340 million, or $1.76 per diluted share, compared with $401 million, or $2.19 per diluted share in 2019.
Operating earnings for the first quarter 2020 were $320 million, or $1.66 per diluted share, compared with 2019 operating earnings of $374 million, or $2.05 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.
“DTE has a proud heritage of rallying at the toughest of times. Whether we’re dealing with catastrophic storms or economic crisis, in every case, we’ve emerged a better, stronger company. There is no doubt that the work required of us today will set us up for another successful decade,” said Jerry Norcia, DTE Energy president and CEO.
Original source can be found here.
Source: DTE Energy Co
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