DTG - DTE Energy Company (DTE) Q1 2025 Earnings Call Transcript
2025-05-01 16:23:59 ET
DTE Energy Company (DTE)
Q1 2025 Earnings Call
May 1, 2025 09:00 ET
Company Participants
Matt Krupinski - Director, Investor Relations
Jerry Norcia - Chairman and Chief Executive Officer
Joi Harris - President and Chief Operating Officer
Dave Ruud - Executive Vice President and Chief Financial Officer
Conference Call Participants
Nick Campanella - Barclays
Durgesh Chopra - Evercore ISI
Jeremy Tonet - JPMorgan
David Arcaro - Morgan Stanley
Sophie Karp - KeyBanc
Michael Sullivan - Wolfe Research
Andrew Weisel - Scotiabank
Travis Miller - The Morningstar
Paul Fremont - Ladenburg
Presentation
Operator
Hello and thank you for standing by. My name is Bella and I will be your conference operator today. At this time, I would like to welcome everyone to DTE Energy Q1 2025 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Matt Krupinski, Director of Investor Relations. You may begin.
Matt Krupinski
Thank you and good morning everyone. Before we get started, I would like to remind you to read the Safe Harbor statement on Page 2 of the presentation, including the reference to forward-looking statements. Our presentation also includes references to operating earnings, which is a non-GAAP financial measure. Please refer to the reconciliation of GAAP earnings to operating earnings provided in the appendix.
With us this morning are Jerry Norcia, Chairman and CEO; Joi Harris, President and COO; and Dave Ruud, Executive Vice President and CFO. And now I’ll turn it over to Jerry to start our call this morning.
Jerry Norcia
Thanks, Matt, and good morning, everyone, and thanks for joining us. I hope everyone is having a healthy and safe year so far. This morning, I will discuss the achievements we’ve made this year as we continue to deliver for all of our key stakeholders. Joe will provide an update on the significant progress we are making to improve reliability for our customers while maintaining affordability. Additionally, she will provide updates on our renewable energy investment that supports our path to cleaner generation and data center opportunities that provide potential upside. And Dave will provide a financial update and wrap things up before we take your questions.
Let me start on Slide 4. We’ve had a strong start to 2025 and are well positioned to meet our targets this year. Our success is a testament to our dedicated and engaged team committing to serving our customers and our communities. This year, we were recognized by the Gallup organization for the 13th consecutive year with a Great Workplace Award. And our employee engagement ranks in the 94th percentile globally amongst thousands of organizations. As I’ve mentioned before, our high level of employee engagement is our secret sauce, our continued success. We remain committed to making the important investments to enhance the grid and improved liability for our customers as we are committed to reducing power outages by 30% and cutting outage time in half in the next 5 years....
DTE Energy Company (DTE) Q1 2025 Earnings Call Transcript