DTE Gas Company reduced its third-quarter net loss to $29 million as revenue increased, while a rate order taking effect in October authorized additional annual revenue for the Michigan utility.
DTE Energy Company furnished the unaudited statements to the U.S. Securities and Exchange Commission (SEC) in a Nov. 6 Form 8-K. For the three months ended Sept. 30, DTE Gas’ loss compared with $36 million a year earlier. Revenue rose to $211 million from $207 million, while operating expenses fell to $216 million from $230 million. The operating loss narrowed to $5 million from $23 million.
For the first nine months of 2026, net income was $176 million, compared with $175 million in the same period last year. Revenue increased to $1.445 billion from $1.388 billion, and operating income rose to $323 million from $309 million.
DTE Gas is an indirect wholly owned subsidiary of DTE Energy and supplies natural gas to about 1.4 million customers across Michigan, according to the statements.
The Michigan Public Service Commission (MPSC) issued a Sept. 10 order setting new rates for service on or after Oct. 1, 2026. It authorized $149.318 million in added annual revenue over the previous rate schedule, which the order measures against rates approved in November 2024. The commission’s release separately described a $74.52 million net rate increase.
DTE Gas had sought a $163 million net increase in base rates and an increase in its return on equity from 9.8% to 10.25%. The SEC statements and MPSC release cite infrastructure investment and higher operating and maintenance costs as drivers of the request. The MPSC projected that a typical residential customer would pay $2.87 more per month; a separate 68-cent infrastructure surcharge was scheduled to begin Jan. 1, 2027. The commission also ordered DTE Gas to report by Dec. 30, 2026, on its investigation into concerns about shutoff-rate disparities.
