Summary
DTE Energy Co. (DTE) filed an 8-K on June 23, 2017, primarily to furnish a slide presentation for upcoming investor meetings on June 26-27, 2017. The key takeaway for investors is that DTE Energy is reaffirming its previously issued 2017 operating earnings per share (EPS) guidance of $5.15 to $5.46. While the presentation will discuss 2017 guidance, investors should be aware that certain items impacting reported earnings may be excluded from operating results. DTE Energy notes that it cannot provide reliable reconciliations for these excluded items, such as non-recurring items, mark-to-market adjustments, and discontinued operations, as they can significantly impact reported figures and fluctuate period-to-period.
Key Highlights
- 1DTE Energy is reaffirming its 2017 operating earnings per share guidance of $5.15 - $5.46.
- 2The company is meeting with investors on June 26-27, 2017.
- 3A slide presentation for these meetings is being furnished as an exhibit.
- 4The presentation and filing discuss 2017 operating earnings guidance.
- 5Certain items impacting reported earnings may be excluded from operating results.
- 6DTE Energy cannot provide reconciliations for excluded items due to their unpredictable nature.
Frequently Asked Questions
The primary purpose of this 8-K filing is to disclose and furnish a slide presentation that DTE Energy will use in its upcoming investor meetings on June 26-27, 2017. This presentation includes information about the company's 2017 financial outlook.
No, DTE Energy is reaffirming its previously issued 2017 operating earnings per share guidance, which remains in the range of $5.15 to $5.46 per share.
DTE Energy indicates that certain items, which can significantly impact reported earnings and fluctuate, will likely be excluded from its calculation of 'operating earnings.' These items may include future non-recurring events, certain mark-to-market adjustments, and discontinued operations. The company is not providing reconciliations for these excluded items because they are difficult to forecast reliably.
The slide presentation is furnished as Exhibit 99.1 to this 8-K filing and was also made available on DTE Energy's website, www.dteenergy.com, on June 23, 2017.