8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Mar 27, 2017)

Filed March 27, 2017For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) filed an 8-K on March 27, 2017, to disclose information presented to investors during meetings held on March 28-29, 2017. The primary focus of this filing is the reaffirmation of the company's 2017 operating earnings per share (EPS) guidance, which remains within the range of $5.15 to $5.46 per share. Investors should note that this guidance pertains to operating earnings, which exclude certain items that may impact reported earnings. The company highlighted that reconciliations between operating earnings and reported earnings guidance are not provided due to the unpredictable nature of non-recurring items, mark-to-market adjustments, and discontinued operations. These excluded items can significantly influence reported results. The furnished slide presentation (Exhibit 99.1) provides further details on these discussions. Investors are reminded that this information, including the presentation, is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, and forward-looking statements are subject to the risks and uncertainties detailed in DTE's 2016 Form 10-K.

Key Highlights

  • 1DTE Energy reaffirms its 2017 operating earnings per share (EPS) guidance of $5.15 - $5.46.
  • 2The guidance is for operating earnings and excludes certain items impacting reported results.
  • 3Reconciliations between operating and reported earnings guidance are not provided due to the variability of excluded items.
  • 4Excluded items that may impact reported earnings include non-recurring items, mark-to-market adjustments, and discontinued operations.
  • 5A slide presentation (Exhibit 99.1) containing the information discussed with investors is furnished with the filing.
  • 6The information furnished in this 8-K is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act.
  • 7Forward-looking statements are subject to risks and uncertainties, as detailed in DTE's 2016 Form 10-K.

Frequently Asked Questions

DTE Energy reaffirmed its 2017 operating earnings per share guidance in the range of $5.15 to $5.46 per share.

No, the guidance is specifically for operating earnings and excludes certain items that may impact the company's reported earnings. These excluded items can be significant and may fluctuate.

The company states that it is not possible to provide a reliable forecast of specific line items such as future non-recurring items, certain mark-to-market adjustments, and discontinued operations. These items can fluctuate significantly and have a substantial impact on reported earnings.

A slide presentation dated March 28-29, 2017, which was used in the investor meetings, is furnished as Exhibit 99.1 to this 8-K filing and was also available on DTE Energy's website.