Summary
DTE Energy Company (DTE) filed an 8-K on November 9, 2012, to disclose information to be presented at the EEI Financial Conference. The primary focus for investors is the company's reaffirmation of its 2012 operating earnings per share (EPS) guidance of $3.80-$4.00. Additionally, DTE provided an early outlook for 2013 operating EPS guidance, projecting a range of $3.85-$4.15. The company emphasizes that these are operating earnings and that certain items impacting reported results will likely be excluded. Reconciliations for these exclusions are not provided due to the difficulty in forecasting these fluctuating items, which could significantly affect reported earnings. The presentation materials will be made available on DTE Energy's website and via a live webcast.
Key Highlights
- 1DTE Energy reaffirms its 2012 operating earnings per share (EPS) guidance of $3.80 - $4.00.
- 2The company provides an initial outlook for 2013 operating EPS guidance, targeting a range of $3.85 - $4.15.
- 3CEO Gerard M. Anderson will deliver a business update at the EEI Financial Conference on November 13, 2012.
- 4Presentation materials will be accessible via DTE Energy's website and a live webcast.
- 5The guidance provided pertains to operating earnings, excluding certain items that may impact reported results.
- 6Reconciliations for excluded items impacting reported earnings are not provided due to forecasting uncertainty.