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DTE Energy increases its quarterly benefit thanks to the gas and energy trade – TrainingView news

DTE Energy increases its quarterly benefit thanks to the gas and energy trade – TrainingView news
DTE Energy increases its quarterly benefit thanks to the gas and energy trade – TrainingView news

DTE Energy DTE On , an in the benefit in the quarter, helped by strength in its gas and energy segments, adding that he anticipates that the impact of tariffs will be manageable.

The energy industry is preparing for the possible consequences of tariffs, since the commercial between the US and Canada can increase the costs, but DTE expects a limited impact on its capital expenses plan of 30,000 million dollars.

Dte Energy, which has associations with GM car manufacturers GMFord F Y BMW BMW To increase the use of renewable energy in Michigan, he added that it also has a margin exposure from 3% to 4% of automotive tariffs.

The gas segment of the Detroit -based company (Michigan) registered a benefit of 206 million dollars in the first quarter, compared to 160 million of the same period of the previous year.

The benefit of the energy marketing segment at 67 million dollars the three months ended on March 31, compared to the million dollars year, driven by a rise of 13.4% of the of American natural gas (NGC1).

Its were partially compensated by the weakness of the electrical segment, where the benefit fell 28% due to the high costs. However, the company continues to observe a strong demand from the data centers.

“The conversations about data centers continue. There really has not been slowdown,” said a company executive at a telephone conference.

The net income of the company increased to 445 million dollars, or $ 2.14 per share, in the quarter, compared to 313 million dollars, or $ 1.51 per share, the previous year.

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