and how this on of good to give going and Barb, thanks our thanks positioned I’m Peter, I’ll provide up the well any we business everyone, it a turn and wrap highlights take and of Then, for a are questions. morning, recap provide growth. joining future Well morning us for review XXXX performance today. over you things who’ll At to we you year before financial
on with success. X. successful work their operational Slide another that thank like strong including for contributed over many this accomplishments, financial of to was year performance. and I’d hard they all to XXXX let’s So, employees great our start achieving
results XXth operating our last We our EPS XXXX exceeded XXXX, original beat still strong XXXX able from EPS and growth operating guidance guidance guidance. we the twice guidance XXXX midpoint. increase original X% were We financial was results updated XXXX to achieved consecutive our $X.XX. year, in of in provided our and with EPS
was targeting I engagement also distinctive dividend that returns. in to us have growth I’m will X% on dividend in When in I service over our for our are sharpen was said that our by and focus CEO culture increased success, role, shareholder to announced deliver excellence, drives confident focus helps which we X% to we ability continue that our a turn, continue through driven We on the as employee fourth priorities and row, that the year it the XXXX. taken
successful year. focus going the I’m us, With another and XXXX to confident strong is that turn slide, I’ll beyond. XXXX On XXXX be next to my a behind
guidance and XXXX XXXX of provides original guidance acquisition. Our over increase benefit our the midstream includes a X.X% recent
which our guidance the to pinpoint to continue X% EPS mix for our be would long-term is base business Our utilities. long-term to XX% XXXX of a $X.XX, XX% growth, and commitment we X%
in the years, invest have continue with utilities goals XX% cleaner with of next provide two more and operating at our with five our culture over to increased we which deliver These our earnings We capital strong a DTE. and certainty. will reliable energy are attainable high-quality will here customers
have guidance. Slide on and rigorous slide, to result marks talk As we This the our original X. little that you to year not more can on next EPS come does this like model. I’d see of exceeded XXth about easily, planning a consecutive the you a as
this process, I earnings XXXX. the contingency year attribute potential of planning EPS the includes any As guidance consecutive We number XXth success exceeded a our across of portfolio five-year scenarios. detailed which through mentioned, for we our continued plan with for
with reviews level the on a of stay opportunities are The us real financially. first meetings, which team. of plan. the seize information detail, track understand is chair these plan the of I weekly worked high management with two detail, weekly by reviews Goal to in years time address how help allow to plans These provide we in to challenges make and to us
addressing said, and our the weather of all plan. I with is lean at while across contingency As have much utilities we lines, business invest our our contingency conditions on based
our number react financial non-utilities. to manage allows any goals. of in also over, have of businesses to entire may to We the many contingencies occur during DTE times year, that developments planned portfolio the This and our us deliver
opportunity the to presented to invest business and this invest back the approach lean pullback years, expenses and the over in employed needed, allowing We when when us have itself. successfully
talk I’ll about And I’ll X. turn customer our to and community successes. employee, it over Slide
focus here safe the focus had safety, of area DTE DTE and employee A and of is family. customers year. me Our key part we say makes at another that be communities to I’m proud on proud to
new second safety. in And although this Council. For and to engagement can leads improve the to change always more employee would was indicator step time DTE currently in level is and safety we National safety, of in say make are the an another a culture an culture communications and a is do by the effort quality X% engaged safety with ranked Safety in a a in driving I of customer-focused of leadership environment, competencies employee’s top we row, to Safety there resulting improve discipline, great focus the employees. strong
We’re top engagement, and high around Gallup and our the our approached can evidence operations. every work this DTE high told, for service working of We our at they ranked in does employee world’s much through facilities, see in our headquarters I by the a X% field team day feel distinctive in at of all the Energy. the employees I’m often energy of how employees our love by and excellence.
Award, are our our utility earn our to focus to we’ll Great receive company award eighth confident ever the We XXXX. this continue Workplace received Gallup also in seventh only award, and
customer excellence, Our strong focus of our satisfaction was utilities, rankings. on service high both the this in
top all ranked and one Citizens I’m year, forward Customer by looking of Corporate and also the for our Our has Satisfaction in proud Power’s successes of both made Power. and beyond. of the and past J.D. ranked in quartile top this accomplishments J.D. country’s more and electric team I’m was Study. to gas Points DTE companies, Residential the XXXX Light
the electric where just the business the economy would remains turn economy be Michigan’s it you how The I doing. vehicles. to population billion continues want GM to strong. recently to since Unemployment plant XXXX, at and utility in it produce the continues Before that lowest and to update, is rate $X.X announced Detroit, sport local all let trucks will a know I grow. over it invest
in very excited. the Detroit, in Hummer where build – commercials seen have Super to Electric new going may here they’re Hummer Bowl You a
Fiat Jeep $X.X Chrysler spend to Detroit versions start plants, billion along planning companies update several models. the to of making electric is its
a abandoned converting station in autonomous train the and is and Ford innovation center $XXX driving Detroit into Motor million. investing for
are these a and the revitalization whole. of Michigan examples of as All of Detroit
over positions to growth update. us All for in businesses business to XXXX, our the the achieved continued successes which years in Turning come.
our As of from and XX% to that utilities you remember last investments and between we in billion non-utilities going EEI, we going XXXX were our mentioned year’s $XX with invest into utilities. these XXXX
emissions technology with leader announced, XXXX, DTE infrastructure we In energy, the off as invest heavily X, Electric energy our energy; to targeting decade, innovation. and towards zero continue by will reduction clean our and clean for carbon future generations. were by Slide Achieving reduction us shape XXXX in emissions we XXXX. Starting full a help reliable all march environment milestones and accelerating by in more these on a XX% net reaching renewal
is Center, is well. we’re plant gas progressing building also Energy which Water natural that a Blue Our quite
with emissions We’re nearly three we’re reduction XX% plants expected carbon XX% by our compared retiring. plan supports reducing of to spring XXXX complete, the an carbon in-service by It date. our coal that
program Customer the Michigan electric Early This growth. approval in XXXX, residents of bringing DTE education to vehicles. benefits is Electric through and program more for for incentives. our Charging businesses charging EVs, the and received infrastructure Forward
step our in including Michigan. of stations with goes in stations There City with Forward Charging looking of headquarters partnered is of in a here promote in General it a Michigan, by to program, the Detroit. installing and Detroit the and to seeing our State here Motors and more groups number many hand also EVs have near We charging I’m hand forward charging
commercial on progressing is Zoo. Electric committed Motors, by program nicely. its XXX the DTE Additionally, over In General very voluntary Michigan University the including of customers, Ford, XXXX, megawatts and were renewable Detroit
that we’re tell new into enrolling residential XX,XXX I have day this about renewable customers power. every to Additionally, voluntary program. committed customers can you
the operating resolve and remote improve to circuits reliability, redesigning upgrading much outages, also quickly. avoid and substations capabilities We’re more and to to monitoring enhancing overload detect
few include, The surrounding substation one completion substations new upgraded planned years, were next will the be upgraded built. and that new upgrade station will about A areas, XX and of of there or City miles the note lines of and projects Detroit five and of XXX be over in overhead be new items had XXXX well our the with completion confident, our beyond. construction center we the Overall, with to began XXXX years. miles we I’m successful year, planned are And XXXX. positioned a operations X,XXX upgraded very utility and electric system of over in over five feeling electric expected for two a next and
program. talk XXXX, In X, our Moving made renewal renewed to I’ll with cast steel at of XXX We accomplishments and company. progress about bare some miles main accelerated slide iron. we of the gas
complete next looking XXXX, to miles to and XX bare XXX track all iron We on replace keeping us in steel over the cast years. are
renewal program project support with main to integrity be of in firms and commitments develop additional to continuing our to system including in service our improvements, a transmission customers. reliability on along XXXX, to the We’re program, invest also Michigan. safe gas renewal our Northern reliable completed provide plans growth This new and system our to to
turn from strong make now, are to looking by to XX% gas we over non-utilities Continue gas to emissions XXXX. I’ll on our our reduce methane another by And commitment Slide Overall, it to progress business and our company. our year forward on XX. from
the we Blue three and Gas in completed and acquired Union completed of Basin. acquisition increased a in expansions Link. LEAP & two our significantly XXXX. in We We Haynesville the ownership and Our business pipeline, acquisitions Pipeline pipelines Storage organic generation the
LEAP, the teams say, route, in and and schedule. of construction are would pipeline on progressing With and along plan are December currently right clearing is mobilized I way the construction on
This XXX markets. and mile, Coast be in LNG year. delivering We Gulf pipeline in interstate quarter expect to Southeast a the export XX-inch is the this third this pipeline service systems into
the financial goals. Union track system, our on we’re For with Blue
much connected resources, shareholders. due and and contracted these provide and these credit. highly supported value compelling our assets by long-term growth large was deliver assets, contracts we were will of to to strong As discussed we all acquired assets accretive, These done to that how demand confirm diligence centers
Link these with us. been we have and an how out low at plan in Recently, market, prices, way. and XXXX. about that There in Along in have Millennium, and also build for to we an softening will our has the asset affect a questions gas the been accretive acquisitions, we expansion this continued a getting executed
the portfolio We allowing a to through diversification benefit of businesses weather business different also cycles. us of have
demand-base is revenue you, revenue reassure gas. and of GSP’s fixed by me Let contracts inferred flowing XX%
significantly hedged Our are in with attractive XXXX producers pricing.
of are in and of and good credit about average a XXXX fact, at producers and feel weekly flows $X.XX, their our cash review XX% hedged condition. price an matter we As their
importantly, with plans when is year This and us no going across of The to our invest a nature conservative has we’re development consistent to plans contingency, exception of lean whole success. comes companies. and provided these portfolio every of Most year to history it planning. our
growth contracted significant the portfolio and growth around these have focusing we forward, are in assets. Going organic additional on
Now, on Industrial about our and let’s talk Power business Slide XX.
progress we by in on two Council. acquired earlier and American projects of services of proud we the named made we’ve one projects industrial our year, XXXX. was in the in project particularly RNG calls, three the RNG Wisconsin our of As that space, mentioned energy dairy Biogas projects RNG the
in low Along is work gas growth. benefits from renewable rate important focus our other is an fronts. and P&I electricity a costs. customers This path the of of is continuing on of RNG, with the rising down Our gas attractive sources toward times environment that attractive and multiple quality environment. main cogeneration RNG our the and source to customers is natural cleaner business pipeline
our our growing contracts ability projects and cogen customers. business successful been to to find repeat long-term and and due have with secure We
we’ll develop to like cogeneration RNG and additional projects. utilities continue Going forward,
XXXX great I feeling as I sat detail review be I’m do strong with about the XXXX to was lines. X% confident we every So, has on to we’re proud week nail at to our leadership better. and last utilities growth in in a my record and of came XXXX goals. feeling our our risks team making all to Friday and away the have of. progress goal better, opportunities many and going successes growth the workforce in we’re ability high X% business I plan, with of been that deliver And team our track confidence non-utilities to and quality and to or this EPS our our our gives our also, great me
with to it that, to going Peter I’m our results. share over turn And financial to
