8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Jun 7, 2013)

Filed June 7, 2013For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Co. (DTE) filed an 8-K on June 7, 2013, primarily to disclose materials related to upcoming investor meetings scheduled for June 10-12, 2013. The key takeaway for investors is the reaffirmation of the company's financial guidance for both the current year (2013) and the upcoming year (2014). This communication signals stability and provides a clear outlook for expected earnings per share, which is crucial for investment decision-making. The company is presenting its 2013 operating earnings per share guidance of $3.90-$4.20 and an early outlook for 2014 operating earnings per share guidance of $4.12-$4.42. Investors should note that these figures represent "operating earnings," and certain items impacting "reported results" will likely be excluded. DTE Energy acknowledges that reconciliations for these excluded items are not provided due to the unpredictability of their impact on reported earnings.

Key Highlights

  • 1DTE Energy reaffirms its 2013 operating earnings per share guidance of $3.90 - $4.20.
  • 2The company reaffirms its initial 2014 operating earnings per share guidance of $4.12 - $4.42.
  • 3The information is being shared in conjunction with investor meetings taking place June 10-12, 2013.
  • 4A slide presentation, furnished as Exhibit 99.1, contains the details of the guidance and outlook.
  • 5The presentation and guidance focus on 'operating earnings' and exclude certain items impacting 'reported results'.
  • 6DTE Energy states that reconciliations between operating and reported earnings are not provided due to the difficulty in forecasting excluded items.
  • 7The furnished information is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to furnish investors with materials, specifically a slide presentation (Exhibit 99.1), that will be used during upcoming investor meetings. These materials reaffirm DTE Energy's financial guidance for 2013 and provide an initial outlook for 2014.

For 2013, DTE Energy reaffirms its operating earnings per share guidance to be in the range of $3.90 to $4.20. For 2014, the company provides an early outlook for operating earnings per share guidance of $4.12 to $4.42.

DTE Energy uses the term 'operating earnings' for its guidance and outlook. This typically excludes certain items that impact the company's 'reported results' prepared in accordance with Generally Accepted Accounting Principles (GAAP). These excluded items can fluctuate significantly and affect reported earnings, but DTE Energy does not provide a reconciliation for them in this filing due to forecasting difficulties.

The slide presentation is furnished as Exhibit 99.1 to this 8-K filing. It will also be made available on DTE Energy's website, www.dteenergy.com, on June 7, 2013.