stockrowDTE Energy Company
DTE Utilities Utilities Regulated Electric
DTE Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, up 26.9% from fiscal 2024.
- Revenue
- +5.67%
- EPS
- +11.9%
- Free cash flow
- +230.2%
- Total debt
- −0.40%
Quarter to September 2026, against a year earlier
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DTE Energy Company 8-K filed Nov 5, 2026
1.01 Entry into a material definitive agreement; 9.01 Financial statements and exhibits
What it says
On November 1, 2026, DTE Energy agreed to sell all of DTE Vantage’s equity interests to Velocity BidCo LLC for $2,970,672,573, subject to closing adjustments. Buyer is owned by institutional investors advised by the Global Infrastructure group at J.P. Morgan Asset Management. DTE Vantage primarily comprises renewable energy projects and custom energy solutions projects.
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Closing requires regulatory approvals, including U.S. antitrust and Federal Energy Regulatory Commission approvals, Canadian competition clearance, and a New York public service ruling or order.
the parties agree, subject to certain exceptions, to take actions necessary to obtain all regulatory approvals required to consummate the Transaction
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Closing cannot occur before December 31, 2026. DTE expects closing in mid-2027, subject to closing conditions; Buyer’s obligation is not subject to a financing condition.
Buyer’s obligation to consummate the Transaction is not subject to any financing condition. The consummation of the Transaction is currently expected to occur in mid-2027, subject to the satisfaction or waiver (to the extent permissible) of all closing conditions.
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Either party may terminate if the transaction is not consummated by August 1, 2027, subject to extensions. Buyer would owe DTE $148,533,628.65 if the agreement is terminated under specified circumstances.
upon termination of the Purchase Agreement under specified circumstances, Buyer would be required to pay a termination fee of $148,533,628.65 to DTE.