Summary
DTE Energy Co. (DTE) filed an 8-K on November 9, 2018, to disclose information presented to investors at the EEI Financial Conference. The primary focus of the filing is the reaffirmation of DTE Energy's operating earnings guidance for both 2018 and an early outlook for 2019. This proactive communication with investors aims to provide clarity on expected financial performance, despite the exclusion of certain items that may impact reported earnings.
Key Highlights
- 1DTE Energy is participating in the EEI Financial Conference from November 11-13, 2018, where a business update will be provided.
- 2The company reaffirmed its 2018 operating earnings guidance range of $6.12 - $6.48 per share.
- 3An early outlook for 2019 operating earnings guidance range of $5.97 - $6.33 per share was provided.
- 4A slide presentation and business update presentation are furnished as Exhibit 99.1 and will be available on DTE Energy's website.
- 5The company noted that certain items impacting reported results will likely be excluded from operating earnings guidance for 2018 and 2019.
- 6Reconciliations for these excluded items are not provided due to the unpredictable nature of future non-recurring items, mark-to-market adjustments, and discontinued operations.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors about DTE Energy's participation in the EEI Financial Conference and to provide a business update. It specifically serves to reaffirm the company's operating earnings guidance for 2018 and to offer an initial outlook for 2019.
DTE Energy reaffirmed its 2018 operating earnings guidance to be in the range of $6.12 to $6.48 per share. For 2019, the company provided an early outlook for operating earnings guidance in the range of $5.97 to $6.33 per share.
DTE Energy excludes certain items that impact reported results from its operating earnings guidance because these items, such as future non-recurring items, certain mark-to-market adjustments, and discontinued operations, can fluctuate significantly and are difficult to forecast reliably. This allows for a clearer view of the company's ongoing operational performance.
The slide presentation and business update presentation are furnished as Exhibit 99.1 to this 8-K filing. They are also available on DTE Energy's website at www.dteenergy.com starting November 9, 2018. A live webcast of the business update presentation will also be available on the website.