Dte Energy Posts $407 Million First-Quarter Operating Earnings
dte energy reported $407 million in first-quarter operating earnings on April 30, 2026, and said its Oracle and Google data center projects are moving ahead. The result left the utility at the high end of its 2026 EPS guidance. The projects also point to a larger capital base that could shape future bills.
Joi Harris on 2026
“2026 is off to a strong start, and that momentum gives us confidence in delivering an exceptional year for all of our stakeholders,” Joi Harris said on the earnings call Thursday at 9:00 a.m. ET. She tied that view to grid investment, reliability work and the company’s data center pipeline.
“The 1.4-gigawatt Oracle data center included in our plan is approved and construction is underway,” Harris said. That project is already in motion, giving the company a large load commitment it can build around rather than just model on paper.
Google's 1-gigawatt agreement
“We've also executed an agreement with Google to serve a 1-gigawatt data center,” Harris said. DTE said that project has been submitted to the MPSC IV for approval, which means the next step sits with the regulator before the build can advance further.
The Oracle and Google projects could drive approximately $5 billion in incremental capital investment through 2032. DTE said data center growth could spread fixed system costs over a broader base, while it is also pursuing customer-focused capital investments to strengthen the grid and improve reliability.
Reliability and billing math
100% of impacted customers were restored within 48 hours during a January weather event, and more than 99% of customers were restored within 48 hours after a March storm. DTE said outage duration has improved by 90% since 2023 and that it has top-quartile national SAIDI performance, its measure of system average interruption duration index, or the average time customers lose power.
18% below the national average is where DTE said residential bills sit, even as it reaffirmed 6% to 8% annual operating EPS growth through 2030. If the data center buildout proceeds as planned, the company’s own numbers point to more capital spending and a wider customer base sharing system costs, not just a one-quarter earnings lift.
