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DTE Energy Q1 Profit Beats View; Reaffirms 2019 Operating EPS View

DTE Energy (DTE) reported first quarter 2019 earnings of $401 million or $2.19 per share, up from $361 million or $2.00 per share in 2018.

Operating earnings for the first quarter 2019 were $374 million or $2.05 per share, compared to operating earnings of $342 million or $1.91 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.96 per share. Analysts' estimates typically exclude special items.

DTE Energy reaffirmed 2019 operating earnings per share guidance in a range of $5.97 - $6.33. Analysts expect annual earnings of $6.22 per share.

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