Summary
DTE Energy Co. (DTE) filed an 8-K on March 17, 2017, primarily to disclose information presented to investors during meetings held from March 20-22, 2017. The key takeaway for investors is the reaffirmation of DTE Energy's 2017 operating earnings per share (EPS) guidance. The company expects its 2017 operating EPS to fall within the range of $5.15 to $5.46 per share. It's important for investors to note that the company anticipates certain items impacting its reported 2017 results will be excluded from operating earnings. DTE Energy has not provided reconciliations for these exclusions, citing the difficulty in forecasting specific line items like non-recurring items, mark-to-market adjustments, and discontinued operations, which can significantly fluctuate and affect reported earnings.
Key Highlights
- 1DTE Energy reaffirms its 2017 operating earnings per share guidance of $5.15-$5.46.
- 2The 8-K filing includes a furnished slide presentation (Exhibit 99.1) for investor meetings.
- 3Investor meetings were scheduled for March 20-22, 2017.
- 4The company expects certain items to be excluded from operating earnings for 2017.
- 5Reconciliations for excluded items from reported earnings are not provided due to forecasting unpredictability.
- 6Excluded items may significantly impact reported earnings.
- 7The information furnished is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, except as otherwise stated in future filings.