Summary
DTE Energy Company (DTE) filed an 8-K on March 29, 2019, to disclose information that would be presented to investors during meetings on April 1-2, 2019. The primary takeaway for investors is the reaffirmation of DTE Energy's 2019 operating earnings per share (EPS) guidance, set at a range of $5.97 to $6.33 per share. This guidance was presented in a slide deck (Exhibit 99.1) accompanying the filing. The company also noted that its reported 2019 earnings may differ from its operating earnings due to the potential exclusion of certain items such as non-recurring events, mark-to-market adjustments, and discontinued operations. DTE Energy explained that it cannot provide a reliable forecast for these specific line items, which can significantly impact reported results and cause fluctuations from period to period. Investors are encouraged to consult DTE Energy's 2018 Form 10-K for a comprehensive understanding of forward-looking statements and associated risks.
Key Highlights
- 1DTE Energy reaffirmed its 2019 operating earnings per share guidance of $5.97-$6.33.
- 2The company is meeting with investors on April 1-2, 2019, to discuss this guidance.
- 3A slide presentation with further details is furnished as Exhibit 99.1 to the filing.
- 4Reported 2019 earnings may differ from operating earnings due to excluded items.
- 5Excluded items may include non-recurring events, mark-to-market adjustments, and discontinued operations.
- 6DTE Energy cannot provide reliable forecasts for these specific fluctuating items.
- 7The filing incorporates by reference forward-looking statements and risk factors from DTE Energy's 2018 Form 10-K.