8-KEarnings & ResultsRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Financial Results (Apr 26, 2013)

Filed April 26, 2013For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company filed an 8-K on April 26, 2013, to furnish its earnings release and related financial information for the quarter ended March 31, 2013. The filing primarily serves to make these documents publicly available via SEC channels, allowing investors to review the company's most recent financial performance and operational updates. The release and accompanying materials discuss the company's financial results and its 2013 operating earnings guidance. Of particular note for investors is the company's disclosure regarding its 2013 operating earnings guidance. DTE Energy stated that certain items impacting reported results would likely be excluded from operating results. The company also clarified that reconciliations to comparable 2013 reported earnings guidance were not provided due to the unpredictable nature and potential significant impact of these excluded items on reported earnings, a common practice for utilities to present a clearer operational view.

Key Highlights

  • 1DTE Energy furnished its Q1 2013 earnings release and financial information on April 26, 2013.
  • 2The filing includes the company's financial results for the quarter ended March 31, 2013.
  • 3A slide presentation was also furnished, likely providing further detail on results and outlook.
  • 4The company discussed its 2013 operating earnings guidance in the provided materials.
  • 5DTE Energy indicated that certain items impacting reported results would be excluded from operating results for guidance purposes.
  • 6Reconciliations for these excluded items were not provided due to their unpredictable nature and significant impact.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally submit DTE Energy's earnings release and related financial information for the quarter ended March 31, 2013, and a slide presentation, to the SEC. This ensures that this information is publicly available and accessible to investors.

The detailed financial results for the quarter ended March 31, 2013, are contained within the furnished Earnings Release (Exhibit 99.1) and the Financial Information document (Exhibit 99.2), which are incorporated by reference into this filing.

DTE Energy uses 'operating earnings' to provide a view of its ongoing business performance, often excluding items that are volatile or not representative of core operations (e.g., certain regulatory deferrals, impairments, or mark-to-market accounting). The company excluded these items from its 2013 guidance to offer a more predictable outlook on its operational performance, as the excluded items can significantly fluctuate and impact reported GAAP earnings.

According to General Instruction B.2 of Form 8-K, the information furnished in this report, including the exhibits, is generally not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section, unless expressly stated otherwise in a future filing.