Summary
DTE Energy Company (DTE) filed an 8-K on December 3, 2012, to announce upcoming investor meetings scheduled for December 4, 2012. The primary purpose of this filing was to furnish a slide presentation (Exhibit 99.1) that would be used in these meetings and made available on the company's website. This presentation would include the company's reaffirmation of its 2012 operating earnings per share (EPS) guidance and provide an initial outlook for 2013. Key financial guidance provided includes a reaffirmation of 2012 operating EPS guidance of $3.80-$4.00 per share. More significantly for forward-looking investors, DTE Energy offered an early outlook for 2013 operating EPS guidance in the range of $3.85-$4.15 per share. The company also noted that certain items impacting reported earnings would likely be excluded from operating results for both 2012 and 2013, and reconciliations were not provided due to the unpredictable nature of these items.
Key Highlights
- 1DTE Energy reaffirms its 2012 operating EPS guidance of $3.80-$4.00 per share.
- 2Provides an early outlook for 2013 operating EPS guidance of $3.85-$4.15 per share.
- 3Investor meetings scheduled for December 4, 2012, with a slide presentation furnished as Exhibit 99.1.
- 4Slide presentation will be available on DTE Energy's website (www.dteenergy.com) starting December 3, 2012.
- 5Company acknowledges that certain items will be excluded from reported operating earnings for 2012 and 2013.
- 6Reconciliations for excluded items are not provided due to the inability to forecast fluctuations.
- 7Filing includes standard forward-looking statements disclaimer, referencing prior SEC filings for risk factors.