8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (May 4, 2018)

Filed May 4, 2018For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) has filed an 8-K to disclose information to be presented to investors on May 7, 2018. The primary purpose of this filing is to furnish a slide presentation (Exhibit 99.1) that includes the company's reaffirmation of its 2018 operating earnings per share (EPS) guidance, which remains in the range of $5.57 to $5.99 per share. Investors should note that the company's discussion of 2018 operating earnings guidance may exclude certain items that will impact reported results. DTE Energy states that reconciliations to reported earnings guidance are not provided due to the unpredictable nature of these excluded items, such as non-recurring items, mark-to-market adjustments, and discontinued operations. These excluded items can significantly impact reported earnings, so investors should carefully review the company's full financial statements for a complete picture.

Key Highlights

  • 1DTE Energy reaffirms its 2018 operating EPS guidance of $5.57-$5.99 per share.
  • 2A slide presentation containing information for investor meetings is furnished as Exhibit 99.1.
  • 3The furnished presentation will be available on DTE Energy's website.
  • 4The company's operating earnings guidance may exclude certain items impacting reported results.
  • 5Reconciliations between operating and reported earnings are not provided due to the unpredictability of excluded items.
  • 6Excluded items can include non-recurring items, mark-to-market adjustments, and discontinued operations.
  • 7The filing includes standard forward-looking statements disclaimers, referencing other SEC filings for risk factors.

Frequently Asked Questions

This 8-K filing is primarily to furnish a slide presentation (Exhibit 99.1) that DTE Energy will use in investor meetings on May 7, 2018. It also serves to communicate key guidance to investors ahead of those meetings.

DTE Energy is reaffirming its previously issued 2018 operating earnings per share (EPS) guidance, which is expected to be between $5.57 and $5.99 per share.

Operating earnings, as used by DTE Energy, likely excludes certain items that will affect the company's GAAP (Generally Accepted Accounting Principles) reported earnings. These excluded items are typically volatile or non-recurring, such as future non-recurring items, certain mark-to-market adjustments, and discontinued operations. The company does not provide a reconciliation because forecasting these specific items is not possible, and they can significantly impact reported results.

The filing directs investors to read the 'Forward-Looking Statements' section in DTE Energy's and DTE Electric Company's 2017 Form 10-K and 2018 10-Q filings, as well as other SEC reports. These sections detail important factors that could cause actual results to differ materially from forward-looking statements.