Summary
DTE Energy Co. filed an 8-K on August 28, 2018, to furnish a slide presentation for investor meetings scheduled for August 29, 2018. The primary purpose of this filing is to reaffirm the company's previously issued 2018 operating earnings per share (EPS) guidance, which remains in the range of $5.94 to $6.32 per share. This guidance is crucial for investors seeking to understand the company's near-term financial performance expectations. The presentation and filing also touch upon the distinction between operating earnings and reported earnings. DTE Energy notes that certain items impacting reported results will likely be excluded from operating earnings. However, detailed reconciliations to forecasted reported earnings are not provided due to the unpredictable nature and significant variability of potential non-recurring items, mark-to-market adjustments, and discontinued operations. Investors should be aware of this potential divergence between operating and reported figures when evaluating the company's financial results.
Key Highlights
- 1DTE Energy reaffirmed its 2018 operating earnings per share guidance of $5.94 - $6.32.
- 2A slide presentation used for investor meetings on August 29, 2018, was furnished as an exhibit.
- 3The presentation and filing discuss 2018 operating earnings guidance.
- 4The company indicated that certain items impacting reported results will be excluded from operating results.
- 5Reconciliations of operating earnings guidance to forecasted reported earnings are not provided.
- 6This exclusion is due to the difficulty in reliably forecasting future non-recurring items, mark-to-market adjustments, and discontinued operations.
- 7The information furnished is subject to forward-looking statement disclaimers and is not considered "filed" for liability purposes under Section 18 of the Exchange Act.