DTE Energy Reaffirms $7.59–7.73 EPS Guidance and Secures 1.4 GW Oracle Data Center Deal
DTE Energy reported Q4 EPS ahead of estimates and reaffirmed its 2026 guidance of $7.59 to $7.73 while securing a contract to power Oracle’s 1.4 GW data center in Saline Township, Michigan. Management forecasts 6–8% EPS growth, fueled by $162 M in RNG tax credits, $2 B in storage projects and renewables.
1. Q4 Earnings Beat and 2026 Guidance
DTE Energy delivered Q4 operating earnings per share above analyst expectations and maintained its full-year 2026 EPS forecast of $7.59 to $7.73, representing 6% to 8% growth over the prior year’s midpoint. DTE Gas earnings rose to $295 million on colder weather and new base rates, while DTE Electric posted $1.2 billion, driven by base rate implementation and clean energy initiatives.
2. Oracle Data Center Power Agreement
The company finalized a 19-year power supply contract, including 15-year storage services, to serve Oracle’s 1.4 GW data center in Saline Township, Michigan. Construction is underway and load is expected to ramp over two to three years, underpinning incremental energy demand and infrastructure investment.
3. Growth Drivers and Capital Plan
Management highlighted $162 million in RNG production tax credits from DTE Vantage, nearly $2 billion allocated for energy storage projects, and a renewable build-out adding 330 MW last year with 745 MW under construction. Executives said 3 GW of future data center load could push compound annual EPS growth above 8% between 2027 and 2030, supported by clean energy investments and tax incentives.