DTE Energy reports second quarter 2013 results

DETROIT, July 26, 2013 /PRNewswire/ — DTE Energy (DTE) today reported second quarter 2013 earnings of $105 million, or $0.60 per diluted share, compared with $146 million, or $0.86 per diluted share in 2012. The variance is primarily due to lower earnings at DTE Electric Company as a result of abnormally hot weather in 2012.

Operating earnings for the second quarter 2013 were $109 million, or $0.62 per diluted share, compared with 2012 operating earnings of $147 million, or $0.87 per diluted share. Operating earnings exclude non-recurring items and discontinued operations.

Reported earnings for the first six months ended June 30, 2013 were $339 million or $1.94 per diluted share versus $302 million or $1.77 per diluted share in 2012. Year-to-date operating earnings were $343 million or $1.96 per diluted share, compared with $303 million or $1.78 per diluted share in 2012.

The full release is available at:

http://finance.yahoo.com/news/dte-energy-reports-second-quarter-111000661.html