Summary
DTE Energy Co. (DTE) filed an 8-K on June 22, 2018, to disclose information related to upcoming investor meetings scheduled for June 26-27, 2018. The primary purpose of this filing is to furnish a slide presentation (Exhibit 99.1) that will be used during these meetings. This presentation includes a reaffirmation of DTE Energy's 2018 operating earnings per share (EPS) guidance, set within the range of $5.57 to $5.99 per share. Investors should note that while the company is providing guidance on operating earnings, it explicitly states that reconciliations to reported earnings are not provided. This is due to the inability to reliably forecast certain items that may impact reported results, such as non-recurring items, mark-to-market adjustments, and discontinued operations. These excluded items can significantly affect reported earnings and may fluctuate considerably. The information provided in this 8-K and its exhibit is furnished and not deemed 'filed' for liability purposes under Section 18 of the Exchange Act.
Key Highlights
- 1DTE Energy reaffirms its 2018 operating earnings per share guidance of $5.57 - $5.99.
- 2A slide presentation (Exhibit 99.1) used in investor meetings on June 26-27, 2018, is furnished with the filing.
- 3The company will not provide reconciliations of operating earnings guidance to reported earnings guidance.
- 4Exclusion of certain items like non-recurring items, mark-to-market adjustments, and discontinued operations from operating results is noted.
- 5These excluded items can significantly impact reported earnings and are difficult to forecast reliably.
- 6Information furnished in this 8-K is not considered 'filed' under Section 18 of the Securities Exchange Act of 1934.