Summary
DTE Energy Company (DTE) filed an 8-K on April 9, 2018, primarily to furnish a slide presentation (Exhibit 99.1) for upcoming investor meetings on April 10-11, 2018. The company used this opportunity to reaffirm its previously issued 2018 operating earnings per share guidance, targeting a range of $5.57 to $5.99 per share. Investors should note that the company distinguishes between "operating earnings" and "reported earnings." While the guidance provided pertains to operating earnings, DTE Energy acknowledges that certain items impacting reported results (such as non-recurring items, mark-to-market adjustments, and discontinued operations) will likely be excluded. Reconciliations for these excluded items are not provided due to the inherent difficulty in forecasting their future impact and magnitude, which can cause significant fluctuations in reported earnings.
Key Highlights
- 1DTE Energy reaffirms its 2018 operating earnings per share guidance of $5.57 - $5.99.
- 2The reaffirmation was made in conjunction with investor meetings scheduled for April 10-11, 2018.
- 3A slide presentation used in these meetings is furnished as Exhibit 99.1.
- 4The company clarifies the distinction between operating earnings and reported earnings for 2018.
- 5Certain items impacting reported results are expected to be excluded from operating earnings.
- 6Reconciliations between operating and reported earnings guidance are not provided due to forecasting uncertainties of excluded items.
- 7The filing includes a standard forward-looking statements disclaimer, referencing the company's 2017 10-K.