Operating revenues decrease to $2.17 billion
DTE Energy has reported earnings of $129m, or $0.80 per diluted share, for the fourth quarter of 2008, compared to $255m, or $1.56 per diluted share, for the same period of 2007.
DTE Energy has reported operating revenues of $2.17 billion for the fourth quarter of 2008, compared to $2.21 billion for the same period of 2007.
The company has reported earnings of $546m, or $3.36 per diluted share, for the year 2008, compared to $971m, or $5.70 per diluted share, for the year 2007.
For the year 2008, DTE Energy has reported operating revenues of $9.33 billion, compared to $8.47 billion for the year 2007.
Anthony Earley Jr, chairman and CEO of DTE Energy, said: As a result of considerable hard work during an incredibly challenging year, we were able to generate operating earnings per share growth. Customers and shareholders benefited from our aggressive actions throughout 2008 to reduce our costs, maximize our revenues and conserve cash.
Building on last year’s accomplishments, 2009 priorities are to create value through effectively launching renewable and energy optimization programs, successfully executing key regulatory proceedings to provide earnings stability and continuing to deliver significant and sustainable cost savings.”