Summary
DTE Energy Co. (DTE) filed an 8-K on April 2, 2018, to disclose information presented to investors during meetings on April 3-4, 2018. The company reaffirmed its previously issued 2018 operating earnings per share (EPS) guidance of $5.57 to $5.99. This guidance is important for investors as it sets expectations for the company's financial performance for the fiscal year. Investors should note that the provided guidance pertains to operating earnings, which likely exclude certain items that may impact reported earnings. DTE Energy stated that reconciliations for these exclusions are not provided due to the difficulty in reliably forecasting specific non-recurring items, mark-to-market adjustments, or discontinued operations, which can significantly fluctuate and affect reported results.
Key Highlights
- 1DTE Energy reaffirms 2018 operating EPS guidance of $5.57-$5.99 per share.
- 2The disclosure was made via a slide presentation furnished as Exhibit 99.1 to the 8-K.
- 3The presentation and filing are associated with investor meetings held on April 3-4, 2018.
- 4Guidance is for operating earnings per share, which may exclude certain items impacting reported earnings.
- 5Reconciliations between operating earnings and reported earnings guidance are not provided.
- 6Excluded items may include non-recurring items, mark-to-market adjustments, and discontinued operations.
- 7Information provided is subject to forward-looking statements and associated risks and uncertainties.