Summary
DTE Energy Co. (DTE) filed an 8-K on February 28, 2017, to furnish investors with a slide presentation for upcoming meetings on March 1-2, 2017. The primary focus of this disclosure is the reaffirmation of the company's 2017 operating earnings guidance range of $5.15 to $5.46 per share. This guidance represents the company's expectation for its core operational performance throughout the year. The company also noted that certain items impacting reported earnings will likely be excluded from operating results. Due to the unpredictable nature and potential volatility of these items, such as non-recurring events, mark-to-market adjustments, and discontinued operations, DTE Energy is not providing reconciliations to the forecasted reported earnings. Investors should be aware that reported earnings could differ significantly from operating earnings due to these excluded factors.
Key Highlights
- 1DTE Energy is meeting with investors on March 1-2, 2017, to provide a business update.
- 2The company reaffirms its 2017 operating earnings per share guidance range of $5.15 to $5.46.
- 3A slide presentation containing this information is furnished as Exhibit 99.1 and available on DTE Energy's website.
- 4Certain items impacting reported earnings will be excluded from operating results for 2017.
- 5DTE Energy is not providing reconciliations for operating earnings to reported earnings due to the unpredictability of excluded items.
- 6Excluded items may include non-recurring items, mark-to-market adjustments, and discontinued operations.
- 7The filing includes a cautionary note regarding forward-looking statements and potential material differences in actual results.