8-KEarnings & ResultsRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Financial Results (Oct 24, 2018)

Filed October 24, 2018For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) filed an 8-K on October 24, 2018, to report its financial results for the quarter ended September 30, 2018, and to provide updated financial guidance. The company announced an increase to its full-year 2018 operating earnings guidance range, signaling improved performance expectations. Additionally, DTE Energy provided its initial outlook for 2019 operating earnings. Investors should note that the company is furnishing its earnings release and a slide presentation containing these financial details. DTE Energy clarifies that certain items impacting reported results will be excluded from operating earnings guidance, and reconciliations for these non-recurring or variable items are not provided due to the difficulty in forecasting them reliably. This information is furnished and not deemed "filed" under Section 18 of the Exchange Act.

Key Highlights

  • 1DTE Energy updated its 2018 operating earnings per share guidance upwards to a new range of $6.12 - $6.48.
  • 2The company provided an early outlook for 2019 operating earnings, projecting a range of $5.97 - $6.33 per share.
  • 3The filing includes DTE Energy's earnings release and a slide presentation for the quarter ended September 30, 2018.
  • 4Certain non-recurring items, mark-to-market adjustments, and discontinued operations will be excluded from operating earnings guidance for 2018 and 2019.
  • 5Reconciliations for these excluded items are not provided due to forecasting uncertainties.
  • 6The information furnished in this 8-K is not considered 'filed' for regulatory liability purposes under Section 18 of the Securities Exchange Act.

Frequently Asked Questions

The main takeaway is that DTE Energy updated its 2018 earnings guidance upwards and provided an initial outlook for 2019. The company's operating earnings per share guidance for 2018 was raised, indicating a positive outlook for the remainder of the year.

DTE Energy increased its 2018 operating earnings guidance range to $6.12 - $6.48 per share. For 2019, the company provided an initial operating earnings guidance range of $5.97 - $6.33 per share.

DTE Energy states that reconciliations to the comparable reported earnings guidance are not provided because it is not possible to reliably forecast specific line items such as future non-recurring items, certain mark-to-market adjustments, and discontinued operations. These items can fluctuate significantly and materially impact reported earnings.

No, the information in this Current Report on Form 8-K, including the exhibits, is furnished to the SEC and is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934. This means the company is generally not subject to the liabilities associated with Section 18 for this particular disclosure, although it may be incorporated by reference into other SEC filings where it is expressly stated.