8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Aug 15, 2018)

Filed August 15, 2018For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Co. (DTE) filed an 8-K on August 15, 2018, to disclose information shared with investors during meetings on August 16-17, 2018. The primary focus of this filing is the reaffirmation of DTE Energy's 2018 operating earnings per share guidance, which remains at $5.94-$6.32 per share. This guidance excludes certain items that may impact reported earnings, such as non-recurring items, mark-to-market adjustments, and discontinued operations, due to the unpredictable nature and potential volatility of these factors. Investors should note that the accompanying slide presentation, furnished as an exhibit, provides the details of these discussions. The company emphasizes that reconciliations between operating earnings and reported earnings are not provided for 2018 due to the difficulty in forecasting these specific fluctuating items. The filing also includes standard forward-looking statement disclaimers and reminds investors to consult other SEC filings for a comprehensive understanding of risks and uncertainties.

Key Highlights

  • 1DTE Energy reaffirmed its 2018 operating earnings per share guidance of $5.94-$6.32.
  • 2The company will be meeting with investors on August 16-17, 2018, to discuss business.
  • 3A slide presentation containing the information discussed is furnished as Exhibit 99.1.
  • 4The 2018 guidance is for 'operating earnings' and excludes certain items that may impact 'reported earnings'.
  • 5Examples of excluded items include non-recurring items, certain mark-to-market adjustments, and discontinued operations.
  • 6Reconciliations between operating and reported earnings guidance for 2018 are not provided.
  • 7The information is furnished under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

DTE Energy has reaffirmed its previous 2018 operating earnings per share guidance range of $5.94 to $6.32 per share. This indicates continued confidence in the company's performance for the remainder of the year.

The company distinguishes between operating and reported earnings because certain unpredictable and potentially volatile items, such as non-recurring events, mark-to-market adjustments, and discontinued operations, can significantly impact reported financial results. Operating earnings provide a view of the company's ongoing business performance, excluding these fluctuations.

No, DTE Energy is not providing a reconciliation between the 2018 operating earnings guidance and potential reported earnings. The company states it is not possible to provide a reliable forecast for the specific items that would be excluded, as they can fluctuate significantly.

A slide presentation that was used during the investor meetings on August 16-17, 2018, is furnished as Exhibit 99.1 to this 8-K filing. This presentation is also available on DTE Energy's website.