Summary
DTE Energy Co. (DTE) filed an 8-K on May 3, 2013, to furnish investors with a slide presentation from their upcoming participation in the American Gas Association Financial Forum. The primary focus of this disclosure is the reaffirmation of the company's previously issued earnings per share (EPS) guidance for both 2013 and 2014. For 2013, DTE Energy reiterated its operating EPS guidance to be in the range of $3.90 to $4.20. Looking ahead to 2014, the company maintained its early outlook for operating EPS guidance between $4.12 and $4.42. It's important for investors to note that these figures represent "operating earnings" and may exclude certain items that could impact reported GAAP earnings, the specific nature of which cannot be reliably forecasted at this time.
Key Highlights
- 1DTE Energy reaffirms its 2013 operating EPS guidance of $3.90-$4.20.
- 2DTE Energy reaffirms its 2014 operating EPS guidance of $4.12-$4.42.
- 3The information was provided via a furnished slide presentation (Exhibit 99.1) for investor meetings at the American Gas Association Financial Forum.
- 4The guidance provided is for 'operating earnings' and excludes items that may significantly impact reported GAAP earnings.
- 5Reconciliations for excluded items are not provided due to the inability to forecast them reliably.
- 6The filing explicitly states that the furnished information is not deemed 'filed' for Section 18 purposes under the Exchange Act.
- 7Forward-looking statements are subject to risks and uncertainties and should be read in conjunction with DTE's 10-K and 10-Q filings.