1Q 2024 Earnings Conference Call April 25, 2024 EXHIBIT 99.2

Safe harbor statement 2 The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this document as a result of new information or future events or developments. Words such as “anticipate,” “believe,” “expect,” “may,” “could,” “projected,” “aspiration,” “plans” and “goals” signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy’s energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning trust and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve net zero emissions goals; and the risks discussed in DTE Energy’s public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. This document should also be read in conjunction with the Forward-Looking Statements section in DTE Energy’s public filings with the Securities and Exchange Commission.

Participants 3 Jerry Norcia – Chairman and CEO Joi Harris – President and COO Dave Ruud – Executive Vice President and CFO Barbara Tuckfield – Director of Investor Relations

4 Continuing best-in-class engagement, health and safety of our employees ✓ Received Gallup Great Workplace Award for 12th consecutive year Addressing our customers’ most vital needs ✓ DTE Gas celebrates 175 years of delivering natural gas in Michigan ✓ Received the EPA’s ENERGY STAR Partner of the year award recognizing best practices in energy efficiency Supporting our communities ✓ Continuing focus on Michigan investments; invested $890 million with Detroit suppliers and $2.7 billion with Michigan businesses in 2023 Delivering premium shareholder returns ✓ 2024 operating EPS1 guidance provides 7% growth from 2023 original guidance midpoint; long-term operating EPS growth rate target of 6% - 8% through 2028 ✓ Celebrating 115 years of being continuously listed on New York Stock Exchange Highly engaged team committed to delivering best-in-class results for our stakeholders 1. Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings

Achieving success across all businesses 5 DTE Electric • Received approval to construct a 220 MW, 880 MWh battery energy storage system at the site of the former Trenton Channel power plant; expected to be operational in 2026, will be the largest standalone battery energy storage project in the Great Lakes region • Filed a rate case in March that underpins customer-focused investments in system reliability, grid modernization and cleaner generation while managing affordability DTE Gas • Targeting over 200 miles of main renewal in 2024 • Filed a rate case in January focusing on continued system reliability and reducing carbon emissions, with a continued focus on safety and affordability for customers DTE Vantage • Actively expanding existing projects and embarking on new initiatives • Placing a large custom energy solutions project into commercial operation in 2024

6 Executing customer-focused capital investment plan to improve reliability and transitioning to cleaner generation ~$25 billion DTE Electric DTE Gas DTE Vantage $20 $3.7 $1.0 - $1.5 95% of 5-year investment plan in utilities 2024 - 2028 (billions) 10-year investment plan of over $50 billion Capital investment plan focused on building the grid of the future, improving reliability and transitioning to cleaner generation • Distribution Grid Plan outlines detailed roadmap to increase reliability • Electric rate case filing underpins next step in grid reliability and cleaner generation investment commitment • Integrated Resource Plan reduces future costs to customers by up to $2.5 billion • Gas rate case filing supports significant investment in main renewal and transmission upgrades • Investments in our non-utilities are strategically focused on customers’ needs and align with our clean energy transition Achieving success in our electric reliability improvement efforts • Achieved one of our fastest restorations for a large storm in January, restoring 96% of customers within 48 hours • Continuing infrastructure rebuild with the replacement of 4.8kV system − Customers experienced 90% reliability improvement on circuits in communities where conversion work was completed

Rate case underpins next step in our $9 billion grid reliability and $7 billion cleaner generation investment commitment while maintaining affordability 7 Committed to improve reliability… • Creating a more reliable grid over the next five years, reducing power outages by 30% and cutting outage time in half by 2029 − Accelerating the deployment of grid automation technology and rebuilding significant portions of aging grid − Upgrading existing infrastructure including stronger poles and fiberglass crossarms which can better withstand extreme weather − Continuing to trim trees around equipment and power lines; trees falling and damaging our equipment accounts for 50% of customer outages …while transitioning to cleaner generation and keeping bill increases below Great Lakes and National average • Transitioning to cleaner generation and ending coal use in 2032 to reduce carbon emissions − Ceasing coal use at Belle River power plant in 2026; converting to a natural gas peaking resource − Retiring two coal units at Monroe power plant in 2028; retiring the remaining two units in 2032 − Repurposing the former Trenton Channel power plant to a battery energy storage system; expected to be operational in 2026 99.88 99.91 99.94 99.97 100.00 Baseline 2024 2025 2026 2027 2028 2029 Targeting above industry median performance by 2029 for average system availability (%) Base investment only 1.2% 5.3% 6.5% DTE Electric Great Lakes average National average Electric bill increase well below national average Average annual residential bill growth since 20201 1. Source: Energy Information Administration (EIA)

1Q 2024 operating earnings1 variance 8 1. Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings 2023 2024 Variance Primary drivers DTE Electric $101 $194 $93 Lower storm costs and rate implementation partially offset by higher rate base costs and 2023 one-time O&M cost reductions DTE Gas 171 160 (11) Warmer weather, higher rate base costs and 2023 one-time O&M cost reductions partially offset by IRM revenue DTE Vantage 27 8 (19) Outage at renewables plant in 2024, timing of RNG project earnings and steel-related sales Energy Trading (26) 5 31 Physical gas portfolio performance Corporate & Other 1 (21) (22) Timing of taxes DTE Energy $274 $346 $72 Operating EPS $1.33 $1.67 $0.34 Avg. Shares Outstanding 206 207 (millions, except EPS)

Maintaining strong cash flows, balance sheet and credit profile 9 Credit ratings S&P Moody’s Fitch DTE Energy (unsecured) BBB Baa2 BBB DTE Electric (secured) A Aa3 A+ DTE Gas (secured) A A1 A Strong balance sheet supports robust customer-focused investment agenda • Customer-focused capital investment plan is supported by consistent, healthy cash flows • Targeting minimal equity issuances of $0 - $100 million annually through 2026 • Effectively managing near-term debt maturities to support long-term plan • Maintaining solid investment-grade credit ratings; targeting 15% - 16% FFO / Debt1 1. Funds from Operations (FFO) is calculated using operating earnings, debt excludes a portion of DTE Gas’ short-term debt and considers 50% of the junior subordinated notes as equity

Increased utility investment focused on improved reliability and cleaner generation; well-positioned for long-term growth 10 ✓ Highly engaged team committed to delivering best-in-class results for our customers, communities and investors ✓ Customer-focused capital investments support building the grid of the future and cleaner energy transition ✓ Utility investment and affordability commitment support long-term growth ✓ 2024 operating EPS1 guidance provides 7% growth from 2023 original guidance midpoint ✓ Strong balance sheet and solid investment-grade credit profile support capital investment plan 1. Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings Operating EPS guidance midpoint $6.25 $6.69 2023 original guidance 2024 guidance

11 Appendix

Weather impact on sales 12 1. DTE Electric 2023 weather normalized data based on 2007 – 2021 weather and 2024 weather normalized data based on 2008 – 2022 weather 2. Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings 3. DTE Gas 2023 weather normalized data based on 2008 – 2022 weather and 2024 weather normalized data based on 2009 – 2023 weather Cooling degree days1 Operating earnings2 impact of weather Weather normal sales1 DTE Electric Heating degree days3 Operating earnings2 impact of weather DTE Gas (GWh) 1Q 2023 1Q 2024 % Change Residential 3,611 3,661 1.4% Commercial 4,569 4,624 1.2% Industrial 2,537 2,541 0.2% Other 56 54 (3.6%) 10,773 10,880 1.0% 1Q 2023 1Q 2024 % Change Actuals - - 0% Normal - - 0% Deviation from normal 0% 0% 1Q 2023 1Q 2024 % Change Actuals 2,822 2,743 (3%) Normal 3,235 3,236 0% Deviation from normal (13%) (15%) Millions Per share 1Q 1Q 2023 ($29) ($0.14) 2024 ($33) ($0.16) Millions Per share 1Q 1Q 2023 ($20) ($0.10) 2024 ($25) ($0.12)

2024 operating EPS1 guidance midpoint provides 7% growth over 2023 original guidance midpoint 13 (millions, except EPS) 2024 guidance DTE Electric $1,100 - $1,120 DTE Gas 295 - 305 DTE Vantage 125 - 135 Energy Trading 30 - 40 Corporate & Other (195) - (185) DTE Energy $1,355 - $1,415 Operating EPS $6.54 - $6.83 1. Refer to the appendix for information regarding the reconciliation of operating earnings (non-GAAP) to reported earnings

2024 guidance DTE Electric Base infrastructure $630 New generation 1,200 Distribution infrastructure 1,550 $3,380 DTE Gas Base infrastructure $380 Gas renewal program 335 $715 Non-utility $550 - $650 Total $4,645 - $4,745 2024 guidance Cash from operations1 $3.3 Capital expenditures (4.7) Free cash flow ($1.4) Dividends (0.8) Other - Net cash ($2.2) Debt financing Issuances $4.3 Redemptions (2.1) Total debt financing $2.2 Cash flow and capital expenditures guidance 14 (millions) Cash flow Capital expenditures (billions) 1. Includes equity issued for employee benefit programs

1Q 2023 1Q 2024 DTE Electric Base infrastructure $299 $249 New generation 81 256 Distribution infrastructure 372 369 $752 $874 DTE Gas Base infrastructure $105 $100 Gas renewal program 67 65 $172 $165 Non-utility $24 $369 Total $948 $1,408 1Q 2023 1Q 2024 Cash from operations1 $0.9 $1.0 Capital expenditures (0.9) (1.4) Free cash flow $0.0 ($0.4) Dividends (0.2) (0.2) Other (0.1) (0.2) Net cash ($0.3) ($0.8) Debt financing Issuances $1.4 $2.2 Redemptions (1.0) (1.1) Total debt financing $0.4 $1.1 Change in cash on hand $0.1 $0.3 Cash flow and capital expenditures 15 (millions) Cash flow Capital expenditures (billions) 1. Includes equity issued for employee benefit programs

1Q 2023 and 1Q 2024 reconciliation of reported to operating earnings (non- GAAP) and operating EPS (non-GAAP) 16 Adjustments key A) One-time costs resulting from the voluntary separation incentive program - recorded in Operating Expenses - Operation and maintenance B) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility C) Adjustment to Income Tax Expense due to a tax law change in West Virginia 1. Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments 2. Per share amounts are divided by Weighted Average Common Shares Outstanding – Diluted, as noted on the Consolidated Statements of Operations (Unaudited) (Earnings per share2)

Reconciliation of reported to operating earnings (non-GAAP) 17 Use of Operating Earnings Information – Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DTE Energy management believes that operating earnings provide a meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company’s net income and the most comparable GAAP measure. In this presentation, DTE Energy provides guidance for future period operating earnings. It is likely that certain items that impact the company’s future period reported results will be excluded from operating results. A reconciliation to the comparable future period reported earnings is not provided because it is not possible to provide a reliable forecast of specific line items (i.e., future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. Definition of net zero Goal for DTE Energy's utility operations and gas suppliers at DTE Gas that any carbon emissions put into the atmosphere will be balanced by those taken out of the atmosphere. Achieving this goal will include collective efforts to reduce carbon emissions and actions to offset any remaining emissions. Progress towards net zero goals is estimated and methodologies and calculations may vary from those of other utility businesses with similar targets. Carbon emissions is defined as emissions of carbon containing compounds, including carbon dioxide and methane, that are identified as greenhouse gases.