Summary
DTE Energy Company (DTE) filed an 8-K on May 14, 2018, to provide investors with updated information ahead of upcoming investor meetings on May 15-16, 2018. The primary purpose of the filing is to reaffirm the company's previously issued 2018 operating earnings per share (EPS) guidance, which is set at a range of $5.57 to $5.99 per share. This guidance is presented in a slide deck (Exhibit 99.1) which is being furnished with the filing and made available on DTE Energy's website. It is important for investors to note that the provided 2018 operating earnings guidance excludes certain items that will impact reported earnings. DTE Energy states that reconciliations for these excluded items are not provided due to the unpredictability of specific line items such as non-recurring items, mark-to-market adjustments, and discontinued operations, which can significantly affect reported results. Investors should carefully consider these potential fluctuations when evaluating the company's performance against the provided operating earnings guidance.
Key Highlights
- 1DTE Energy reaffirms its 2018 operating earnings per share (EPS) guidance of $5.57-$5.99.
- 2A slide presentation with this information is furnished as Exhibit 99.1 and available on the company's website.
- 3The investor meetings where this information will be discussed are scheduled for May 15-16, 2018.
- 4The company will exclude certain items from its 2018 'operating' results, impacting 'reported' earnings.
- 5Reconciliations between 'operating' and 'reported' earnings guidance are not provided due to the unpredictability of excluded items.
- 6Excluded items may include non-recurring items, mark-to-market adjustments, and discontinued operations.
- 7The filing is made under Regulation FD, with information considered 'furnished' rather than 'filed'.