Summary
DTE Energy Co. (DTE) filed an 8-K on May 13, 2013, to disclose information presented to investors at upcoming conferences. The key takeaway for investors is the reaffirmation of the company's previously issued earnings per share (EPS) guidance for both 2013 and 2014. DTE Energy continues to expect 2013 operating EPS to be in the range of $3.90 to $4.20, and provided an early outlook for 2014 operating EPS of $4.12 to $4.42. The filing also highlights that the company's operating earnings guidance excludes certain items that will impact reported results. While reconciliations are not provided due to the unpredictable nature of these items, investors should be aware that these excluded factors could significantly affect reported earnings. The company is making this information available via a slide presentation furnished as an exhibit to this report and on its website.
Key Highlights
- 1DTE Energy reaffirms 2013 operating EPS guidance of $3.90 - $4.20.
- 2DTE Energy reaffirms early outlook for 2014 operating EPS guidance of $4.12 - $4.42.
- 3Information presented to investors at Deutsche Bank and Citi conferences.
- 4A slide presentation accompanying the investor meetings is filed as Exhibit 99.1.
- 5Operating earnings guidance excludes certain items impacting reported results.
- 6Reconciliations for excluded items are not provided due to forecasting uncertainty.
- 7Excluded items may significantly impact reported earnings.