Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of DTE Energy's basic and diluted income per share calculation:



	Three Months Ended March 31,
	2020		2019
	(In millions, except per share amounts)
Basic Earnings per Share
Net Income Attributable to DTE Energy Company	$	340	$	401
Less: Allocation of earnings to net restricted stock awards	1		1
Net income available to common shareholders — basic	$	339	$	400

Average number of common shares outstanding — basic	192		182
Basic Earnings per Common Share	$	1.77	$	2.20

Diluted Earnings per Share
Net Income Attributable to DTE Energy Company	$	340	$	401
Less: Allocation of earnings to net restricted stock awards	1		1
Net income available to common shareholders — diluted	$	339	$	400

Average number of common shares outstanding — basic	192		182
Incremental shares attributable to:
Average dilutive equity units, performance share awards, and stock options	—		1
Average number of common shares outstanding — diluted	192		183
Diluted Earnings per Common Share^(a)	$	1.76	$	2.19

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(a)

Equity Units excluded from the calculation of diluted EPS were approximately 9.7 million for the three months ended March 31, 2020 as the dilutive stock price threshold was not met.