Summary
DTE Energy Co. filed an 8-K on July 9, 2013, to furnish investors with a slide presentation from meetings held in Detroit and Toronto. The primary focus of this filing is the reaffirmation of DTE Energy's financial guidance for both the current year (2013) and the upcoming year (2014). The company reiterated its 2013 operating earnings per share (EPS) guidance range of $3.90 to $4.20 and provided an early outlook for 2014 operating EPS guidance of $4.12 to $4.42. Investors should note that the company's discussion of operating earnings guidance for 2013 and 2014 will likely exclude certain items that will impact reported GAAP earnings. DTE Energy stated that reconciliations for these excluded items are not provided as a reliable forecast is not possible due to their potential for significant fluctuations. This information is presented as furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act, limiting its legal implications.
Key Highlights
- 1DTE Energy reaffirms 2013 operating EPS guidance of $3.90 - $4.20.
- 2DTE Energy provides an early outlook for 2014 operating EPS guidance of $4.12 - $4.42.
- 3The company is meeting with investors in Detroit and Toronto on July 9-10, 2013.
- 4A slide presentation containing details of these discussions is furnished as an exhibit.
- 5The slide presentation will be available on DTE Energy's website.
- 6Operating earnings guidance excludes certain items that may significantly impact reported GAAP earnings.
- 7Reconciliations for excluded items are not provided due to forecasting uncertainty.