DTE Energy misses second-quarter profit estimates on weak gas and energy trading income

July 29 (Reuters) - U.S. utility DTE Energy DTE.N missed Wall Street estimates for second-quarter profit on Tuesday, hurt by lower income from the gas and the energy trading segment.

At the energy trading segment, which consists of energy marketing and trading operations, profit dropped 22.5% to $24 million as natural gas prices NGc1 dropped 16.1% in the quarter ended June 30.

Quarterly profit in its gas unit declined 50% to $6 million on higher operating, maintenance and rate base costs.

However, the company's electric segment - its largest unit by net income - reported earnings of $318 million in the April-to-June quarter, compared to a profit of $279 million a year ago.

The utility reaffirmed full-year 2025 adjusted profit in the range of $7.09 per share to $7.23 per share.

Analysts expect the full-year profit to be $7.22 per share, according to data compiled by LSEG.

DTE also said it has invested more than $1.8 billion in its utilities during the first half of 2025 and is on pace to invest $4.4 billion this year, to continue improving the safety and reliability of its electric and natural gas infrastructure.

Electric grid projects need years of planning, permitting and construction and the rapid increase in data center demand has emphasized the need for faster buildout, thus the need for large investments.

The Detroit, Michigan-based company reported an adjusted profit per share of $1.36 for the three months ended June 30, compared with analyst's estimate of $1.40 per share.