Summary
DTE Energy Co. (DTE) announced an upward revision to its 2014 operating earnings guidance and provided an initial outlook for 2015 during investor meetings held on December 9-10, 2014. The company increased its 2014 operating earnings per share (EPS) guidance range to $4.42-$4.62, up from the previous range of $4.28-$4.42. This updated guidance reflects positive performance expectations for the remainder of the year. Furthermore, DTE Energy offered an early forecast for 2015 operating EPS, projecting a range of $4.43-$4.67. Investors should note that these figures represent operating earnings, and the company has indicated that certain items impacting reported results will be excluded. Reconciliations for these excluded items are not provided due to the unpredictability of their impact on future reported earnings. The information was presented in a slide deck furnished as an exhibit to the 8-K filing.
Key Highlights
- 1DTE Energy increased its 2014 operating earnings per share (EPS) guidance to a range of $4.42-$4.62.
- 2The company provided an initial 2015 operating EPS guidance of $4.43-$4.67.
- 3The revised 2014 guidance represents an increase from the prior range of $4.28-$4.42.
- 4The information was presented to investors via a slide presentation dated December 9-10, 2014.
- 5The slide presentation is available on DTE Energy's website and furnished as an exhibit to the 8-K filing.
- 6The company noted that certain items impacting reported results will be excluded from operating earnings guidance.
- 7Reconciliations for excluded items are not provided due to forecasting uncertainty.