Summary
DTE Energy Co. (DTE) filed an 8-K on March 19, 2018, primarily to furnish a slide presentation to be used in investor meetings held between March 20-22, 2018. The key takeaway for investors is the reaffirmation of DTE Energy's 2018 operating earnings per share (EPS) guidance, which remains in the range of $5.57 to $5.99 per share. While the company is providing this guidance, it also notes that certain items impacting reported earnings will likely be excluded from its operating results for 2018. DTE Energy states that it cannot provide reliable forecasts for these specific excluded items, such as non-recurring items, mark-to-market adjustments, and discontinued operations, due to their potential for significant fluctuation and impact on reported earnings. Investors should be aware that reported earnings may differ from operating earnings due to these factors.
Key Highlights
- 1DTE Energy reaffirms its 2018 operating earnings per share (EPS) guidance of $5.57-$5.99.
- 2The company is meeting with investors from March 20-22, 2018, to discuss its financial outlook.
- 3A slide presentation containing information for these meetings is furnished as an exhibit.
- 4Certain items impacting reported earnings will likely be excluded from 2018 operating results.
- 5DTE Energy cannot provide reconciliations for excluded items due to forecasting uncertainty.
- 6Excluded items may include non-recurring items, mark-to-market adjustments, and discontinued operations.
- 7The information furnished in this 8-K is not deemed 'filed' for purposes of Section 18 of the Exchange Act.