DTE Energy Co issued the following announcement on July 28.
DTE Energy (NYSE:DTE) today reported second quarter 2020 earnings of $277 million, or $1.44 per diluted share, compared with $182 million, or $0.99 per diluted share in 2019.
Operating earnings for the second quarter 2020 were $295 million, or $1.53 per diluted share, compared with 2019 operating earnings of $183 million, or $0.99 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.
“During the first half of the year DTE responded swiftly to ensure our employees and customers were safe during the early months of the COVID-19 pandemic,” said Jerry Norcia, DTE Energy president and CEO. “I couldn’t be prouder of our employees’ efforts to meet the needs of our customers while at the same time focusing on keeping our company on track. As a result, we’re entering the second half of the year in great shape.”
Norcia also noted the following recent company accomplishments:
· Announced 2050 DTE Gas net zero goal: The unique and comprehensive plan reduces greenhouse gases by more than 6 million metric tons annually, the equivalent of removing 1.3 million gasoline-powered cars from the road. The plan is one of the first to address emission reductions both upstream with suppliers and with customers through emissions offset programs.
Original source can be found here.
Source: DTE Energy Co
Alerts Sign-up