Summary
DTE Energy Company (DTE) filed an 8-K on June 1, 2011, to disclose information presented at the Citi Investment Research 2011 Power, Gas, Coal and Alternative Energy Conference. The primary purpose of this filing was to reaffirm the company's previously issued 2011 operating earnings per share (EPS) guidance range of $3.40 to $3.70. This guidance was presented by Vice President Peter B. Oleksiak and Director of Investor Relations Mark C. Rolling. The filing also noted that certain items impacting reported results would be excluded from operating earnings. While reconciliations to reported earnings were not provided due to the unpredictable nature of these items, investors should be aware that these exclusions could lead to significant fluctuations in reported EPS compared to operating EPS. The company also referenced its website for the presentation materials and directed investors to its 2010 Form 10-K and subsequent 10-Q filings for a comprehensive understanding of risks and uncertainties.
Key Highlights
- 1DTE Energy reaffirmed its 2011 operating EPS guidance of $3.40 - $3.70 per share.
- 2The guidance was communicated during investor meetings at the Citi Investment Research 2011 Power, Gas, Coal and Alternative Energy Conference.
- 3Presentation materials were furnished as Exhibit 99.1 to the 8-K filing and made available on the company's website.
- 4The company indicated that certain items impacting reported results will be excluded from operating earnings for 2011.
- 5Reconciliations between operating earnings and reported earnings were not provided due to the unpredictable nature of excluded items.
- 6Investors are advised to consult DTE Energy's previous SEC filings (2010 10-K and 2011 10-Q) for detailed information on risks and forward-looking statements.