Summary
DTE Energy Co. filed an 8-K on May 4, 2015, to furnish investors with a slide presentation and business update. The primary focus of this filing is the reaffirmation of the company's 2015 operating earnings per share (EPS) guidance, set between $4.48 and $4.72. This guidance is provided on an "operating earnings" basis, which may exclude certain items that impact reported GAAP earnings. The company noted that reconciliations for these excluded items are not provided due to the difficulty in forecasting their impact. Investors should be aware that these excluded items could significantly affect the company's reported financial results. The filing also serves as a communication tool for upcoming investor meetings. The provided presentation (Exhibit 99.1) is the key informational piece for this report. Investors are advised to review the presentation for further details, while also noting the standard cautionary language regarding forward-looking statements and the disclaimer that the information furnished is not deemed "filed" for liability purposes under Section 18 of the Securities Exchange Act.
Key Highlights
- 1DTE Energy reaffirms its 2015 operating earnings per share (EPS) guidance of $4.48 - $4.72.
- 2A slide presentation and business update were furnished as Exhibit 99.1 to the 8-K filing.
- 3The company is meeting with investors on May 4, 2015, to discuss the provided materials.
- 4Operating earnings guidance may exclude certain items that could significantly impact reported GAAP earnings.
- 5Reconciliations for excluded items impacting reported earnings are not provided due to forecasting difficulties.
- 6The furnished information is not deemed "filed" for Section 18 liability purposes.
- 7Forward-looking statements are included, and investors should refer to 2014 10-K and 2015 10-Q for risk factors.