Summary
DTE Energy Company (DTE) filed an 8-K on November 6, 2015, to disclose information that will be presented to investors at the EEI Financial Conference. The key takeaway for investors is the reaffirmation of DTE's operating earnings guidance for both 2015 and an early outlook for 2016. The company is projecting 2015 operating earnings in the range of $4.65 to $4.91 per share and anticipates 2016 operating earnings to be between $4.80 and $5.05 per share. Investors should note that the company will be discussing operating earnings guidance, which may exclude certain items that impact reported earnings. DTE Energy cautions that these excluded items can fluctuate significantly and impact reported results, and reconciliations are not provided due to the difficulty in forecasting these specific items. The furnished slide presentation, available on DTE's website and via webcast, provides further details on the business update.
Key Highlights
- 1Reaffirmed 2015 operating earnings guidance of $4.65-$4.91 per share.
- 2Provided an early outlook for 2016 operating earnings guidance of $4.80-$5.05 per share.
- 3Announced that Chairman and CEO Gerard M. Anderson will present a business update at the EEI Financial Conference.
- 4A slide presentation and business update materials were furnished as Exhibit 99.1.
- 5The presentation materials will be available on DTE Energy's website and via live webcast.
- 6The company noted that operating earnings guidance may exclude certain items that impact reported earnings and that reconciliations are not provided.