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Financial and Other Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The following table presents the fair value of derivative instruments for DTE Energy:
September 30, 2025December 31, 2024
Derivative
Assets		Derivative LiabilitiesDerivative
Assets		Derivative Liabilities
(In millions)
Derivatives designated as hedging instruments
  Interest rate contracts $— $— $20 $— 
  Foreign currency exchange contracts— (1)— (1)
Total derivatives designated as hedging instruments$— $(1)$20 $(1)
Derivatives not designated as hedging instruments
Commodity contracts
Natural gas$344 $(300)$428 $(410)
Electricity191 (163)187 (150)
Environmental & Other74 (41)58 (44)
Foreign currency exchange contracts— — 1 — 
Total derivatives not designated as hedging instruments$609 $(504)$674 $(604)
Current$420 $(348)$488 $(441)
Noncurrent189 (157)206 (164)
Total derivatives$609 $(505)$694 $(605)
Schedule of Net Cash Collateral Offsetting Arrangements and Netting Offsets of Derivative Assets
The following table presents net cash collateral offsetting arrangements for DTE Energy:
September 30, 2025December 31, 2024
(In millions)
Cash collateral netted against Derivative assets$(35)$(17)
Cash collateral recorded in Accounts receivable(a)
60 29 
Cash collateral recorded in Accounts payable(a)
(33)(5)
Total net cash collateral posted (received)$(8)$7 
_______________________________________
(a)Amounts are recorded net by counterparty.
The following table presents the netting offsets of Derivative assets and liabilities for DTE Energy:
September 30, 2025December 31, 2024
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in the Consolidated Statements of Financial PositionNet Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial PositionGross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in the Consolidated Statements of Financial PositionNet Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position
(In millions)
Derivative assets
Commodity contracts(a)
Natural gas$344 $(255)$89 $428 $(285)$143 
Electricity191 (126)65 187 (116)71 
Environmental & Other74 (56)18 58 (46)12 
Interest rate contracts — — — 20 — 20 
Foreign currency exchange contracts— — — 1 — 1 
Total derivative assets$609 $(437)$172 $694 $(447)$247 
Derivative liabilities
Commodity contracts(a)
Natural gas$(300)$230 $(70)$(410)$272 $(138)
Electricity(163)131 (32)(150)114 (36)
Environmental & Other(41)41 — (44)44 — 
Interest rate contracts— — — — — — 
Foreign currency exchange contracts(1)— (1)(1)— (1)
Total derivative liabilities$(505)$402 $(103)$(605)$430 $(175)
_______________________________________
(a)For contracts with a clearing agent, DTE Energy nets all activity across commodities. This can result in some individual commodities having a contra balance.
Schedule of Net Cash Collateral Offsetting Arrangements and Netting Offsets of Derivative Liabilities
The following table presents net cash collateral offsetting arrangements for DTE Energy:
September 30, 2025December 31, 2024
(In millions)
Cash collateral netted against Derivative assets$(35)$(17)
Cash collateral recorded in Accounts receivable(a)
60 29 
Cash collateral recorded in Accounts payable(a)
(33)(5)
Total net cash collateral posted (received)$(8)$7 
_______________________________________
(a)Amounts are recorded net by counterparty.
The following table presents the netting offsets of Derivative assets and liabilities for DTE Energy:
September 30, 2025December 31, 2024
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in the Consolidated Statements of Financial PositionNet Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial PositionGross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in the Consolidated Statements of Financial PositionNet Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position
(In millions)
Derivative assets
Commodity contracts(a)
Natural gas$344 $(255)$89 $428 $(285)$143 
Electricity191 (126)65 187 (116)71 
Environmental & Other74 (56)18 58 (46)12 
Interest rate contracts — — — 20 — 20 
Foreign currency exchange contracts— — — 1 — 1 
Total derivative assets$609 $(437)$172 $694 $(447)$247 
Derivative liabilities
Commodity contracts(a)
Natural gas$(300)$230 $(70)$(410)$272 $(138)
Electricity(163)131 (32)(150)114 (36)
Environmental & Other(41)41 — (44)44 — 
Interest rate contracts— — — — — — 
Foreign currency exchange contracts(1)— (1)(1)— (1)
Total derivative liabilities$(505)$402 $(103)$(605)$430 $(175)
_______________________________________
(a)For contracts with a clearing agent, DTE Energy nets all activity across commodities. This can result in some individual commodities having a contra balance.
Schedule of Netting Offsets of Derivative Assets and Liabilities Reconciliation to the Statements of Financial Position
The following table presents the netting offsets of Derivative assets and liabilities showing the reconciliation of derivative instruments to DTE Energy's Consolidated Statements of Financial Position:
September 30, 2025December 31, 2024
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
CurrentNoncurrentCurrentNoncurrentCurrentNoncurrentCurrentNoncurrent
(In millions)
Total fair value of derivatives$420 $189 $(348)$(157)$488 $206 $(441)$(164)
Counterparty netting(300)(102)300 102 (323)(107)323 107 
Collateral adjustment(17)(18)— — (3)(14)— — 
Total derivatives as reported$103 $69 $(48)$(55)$162 $85 $(118)$(57)
Schedule of Effect of Derivatives Not Designated as Hedging Instruments
The effect of derivatives not designated as hedging instruments on DTE Energy's Consolidated Statements of Operations is as follows:
Location of Gain (Loss) Recognized in Income on DerivativesGain (Loss) Recognized in Income on Derivatives for the Three Months Ended September 30,Gain (Loss) Recognized in Income on Derivatives for the Nine Months Ended September 30,
2025202420252024
(In millions)
Commodity contracts
Natural gasOperating Revenues — Non-utility operations$(18)$(25)$66 $(49)
Natural gasFuel, purchased power, gas, and other — non-utility48 45 (98)83 
ElectricityOperating Revenues — Non-utility operations90 99 246 189 
Environmental & OtherOperating Revenues — Non-utility operations11 (6)34 (10)
Foreign currency exchange contractsOperating Revenues — Non-utility operations(1)(1)(1)1 
Total$130 $112 $247 $214 
Schedule of Cumulative Gross Volume of Derivative Contracts
The following represents the cumulative gross volume of DTE Energy's derivative contracts outstanding as of September 30, 2025:
CommodityNumber of Units
Natural gas (MMBtu)2,291,617,186 
Electricity (MWh)40,367,854 
Foreign currency exchange ($ CAD)74,745,468 
FTR (MWh)129,597 
Renewable Energy Certificates (MWh)13,426,465 
Carbon emissions (Metric Tons)1,655,907 
Interest rate contracts ($ USD)100,000,000