Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In millions, except per share amounts)
Basic Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations	$	37	$	117	$	431	$	437
Less: Allocation of earnings to net restricted stock awards	—		1		1		1
	$	37	$	116	$	430	$	436
Net Income Attributable to DTE Energy Company — discontinued operations	—		62		—		139
Net income available to common shareholders — basic	$	37	$	178	$	430	$	575

Average number of common shares outstanding — basic	193		193		193		193

Income from continuing operations	$	0.19	$	0.60	$	2.22	$	2.25
Income from discontinued operations	—		0.32		—		0.72
Basic Earnings per Common Share	$	0.19	$	0.92	$	2.22	$	2.97

Diluted Earnings per Share
Net Income Attributable to DTE Energy Company — continuing operations	$	37	$	117	$	431	$	437
Less: Allocation of earnings to net restricted stock awards	—		1		1		1
	$	37	$	116	$	430	$	436
Net Income Attributable to DTE Energy Company — discontinued operations	—		62		—		139
Net income available to common shareholders — diluted	$	37	$	178	$	430	$	575

Average number of common shares outstanding — basic	193		193		193		193

Average dilutive equity units and performance share awards	1		1		1		1
Average number of common shares outstanding — diluted	194		194		194		194

Income from continuing operations	$	0.19	$	0.60	$	2.22	$	2.25
Income from discontinued operations	—		0.32		—		0.72
Diluted Earnings per Common Share(a)	$	0.19	$	0.92	$	2.22	$	2.97

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(a)Equity units excluded from the calculation of diluted EPS were approximately 10.0 million and 9.5 million for the three months ended June 30, 2022 and 2021, respectively, and 10.3 million and 10.0 million for the six months ended June 30, 2022 and 2021, respectively, as the dilutive stock price threshold was not met.