News

DTE Energy 2003 Earnings Fall 18 Percent

February 09, 2004 by Jeff Shepard

DTE Energy Technologies Inc. (Detroit, MI) announced 2003 reported and operating earnings of $521 million, or $3.09 per diluted share, down 18 percent from 2002 reported earnings of $632 million, or $3.83 per diluted share. Operating earnings for 2002 were $586 million, or $3.55 per diluted share.

"2003 was a year in which several factors negatively impacted DTE Energy's financial results," said Anthony Earley Jr., DTE Energy chairman and chief executive officer. "We had an ice storm, two major windstorms, mild summer weather and the August blackout."