Summary
DTE Energy Company filed an 8-K on February 22, 2011, to disclose information provided during investor meetings in Los Angeles and San Francisco on February 22-23, 2011. The primary purpose of this filing was to furnish a slide presentation (Exhibit 99.1) that reaffirms the company's previously issued 2011 operating earnings per share guidance. Management communicated that DTE Energy expects its 2011 operating earnings per share to be in the range of $3.40 to $3.70. The company also noted that certain items impacting reported results for 2011 are likely to be excluded from operating earnings. DTE Energy stated that reconciliations for these excluded items to reported earnings guidance are not provided due to the unpredictable nature and potential volatility of these specific line items, which could significantly affect reported earnings.
Key Highlights
- 1DTE Energy reaffirms its 2011 operating earnings per share guidance of $3.40 - $3.70.
- 2The guidance was communicated during investor meetings held in Los Angeles and San Francisco on February 22-23, 2011.
- 3A slide presentation containing this information was furnished as Exhibit 99.1 to the 8-K filing.
- 4The presentation is available on DTE Energy's website.
- 5The company anticipates that certain items will be excluded from its 2011 operating earnings.
- 6Reconciliations of operating earnings to reported earnings are not provided due to the difficulty in forecasting volatile items.
- 7The filing includes standard forward-looking statements disclaimers and incorporates by reference risk factors from prior 10-K filings.