8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Dec 12, 2018)

Filed December 12, 2018For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Co. (DTE) filed an 8-K on December 12, 2018, to disclose information presented to investors on December 13, 2018. The primary focus of this disclosure is the reaffirmation of DTE's 2018 operating earnings guidance and the provision of an early outlook for 2019 operating earnings guidance. This information is crucial for investors seeking to understand the company's performance expectations and financial trajectory. The company reiterated its 2018 operating earnings guidance range of $6.12 to $6.48 per share. Furthermore, DTE Energy provided an initial forecast for 2019 operating earnings, projecting a range of $5.97 to $6.33 per share. It is important for investors to note that these are "operating earnings" and may exclude certain items impacting reported results, such as non-recurring items, mark-to-market adjustments, and discontinued operations. DTE Energy did not provide reconciliations for these excluded items due to the unpredictability of these future financial impacts.

Key Highlights

  • 1DTE Energy reaffirms its 2018 operating earnings guidance range of $6.12 - $6.48 per share.
  • 2The company provides an early outlook for 2019 operating earnings guidance, setting a range of $5.97 - $6.33 per share.
  • 3The disclosed earnings are based on 'operating earnings,' which may exclude certain items.
  • 4Exclusions from operating earnings guidance can include non-recurring items, mark-to-market adjustments, and discontinued operations.
  • 5Reconciliations for excluded items impacting reported earnings were not provided due to the difficulty in forecasting these volatile items.
  • 6The information was presented to investors on December 13, 2018, and incorporated by reference from a previously filed slide presentation.
  • 7The filing includes standard forward-looking statements disclaimers, referencing risks and uncertainties detailed in other SEC filings.

Frequently Asked Questions

DTE Energy reaffirmed its 2018 operating earnings guidance range of $6.12-$6.48 per share and provided an early outlook for 2019 operating earnings guidance between $5.97-$6.33 per share.

The filing specifies these are 'operating earnings.' While not explicitly stated as 'non-GAAP,' they are presented as likely excluding certain items that impact 'reported results,' suggesting they may differ from Generally Accepted Accounting Principles (GAAP) earnings.

DTE Energy stated that reconciliations were not provided because it is not possible to reliably forecast specific future line items, such as non-recurring items, certain mark-to-market adjustments, and discontinued operations, which can fluctuate significantly and impact reported earnings.

The slide presentation was previously furnished as Exhibit 99.1 to a Form 8-K filed on November 9, 2018, and is incorporated by reference. The presentation is also available on DTE Energy's website, www.dteenergy.com. Additional context on risks and uncertainties can be found in DTE Energy's 2017 Form 10-K and 2018 Forms 10-Q filings.