Summary
DTE Energy Company (DTE) filed an 8-K on March 12, 2012, primarily to disclose information to be presented to investors at upcoming meetings in The Netherlands and Switzerland. The key takeaway for investors is the reaffirmation of DTE Energy's 2012 operating earnings per share guidance, which remains in the range of $3.65 to $3.95 per share. This filing also highlights that the company will exclude certain items from its 2012 reported results when presenting operating earnings. While reconciliations for these excluded items are not provided due to the inability to forecast them reliably, investors should be aware that these can significantly impact reported earnings.
Key Highlights
- 1DTE Energy reaffirms its 2012 operating earnings per share guidance of $3.65 - $3.95.
- 2The company is meeting with investors in The Netherlands on March 13, 2012, and at the Barclays Capital Utilities Conference in Zurich, Switzerland on March 14, 2012.
- 3A slide presentation accompanying these meetings is furnished as Exhibit 99.1.
- 4The presentation and filing discuss 2012 operating earnings guidance.
- 5Certain items impacting reported results will be excluded from operating results for 2012.
- 6Reconciliations for excluded items are not provided as they are not reliably forecastable.
- 7Excluded items may fluctuate significantly and have a material impact on reported earnings.
Frequently Asked Questions
The main purpose of this 8-K filing is to disclose information that DTE Energy Company will present to investors during meetings in The Netherlands and Switzerland, specifically at the Barclays Capital Utilities Conference. It includes the reaffirmation of the company's 2012 earnings guidance and highlights potential exclusions from reported earnings.
No, DTE Energy has not updated its earnings forecast. Instead, the company is reaffirming its previously issued 2012 operating earnings per share guidance, which is projected to be between $3.65 and $3.95 per share.
DTE Energy plans to exclude certain items that affect its 2012 reported financial results from its operating earnings. These excluded items can fluctuate significantly and impact reported earnings, but the company cannot reliably forecast them to provide detailed reconciliations in this filing.
A copy of the slide presentation from the investor meetings is furnished as Exhibit 99.1 to this 8-K filing. It was also made available on DTE Energy's website (www.dteenergy.com) on March 12, 2012.