8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Apr 9, 2019)

Filed April 9, 2019For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) filed an 8-K on April 9, 2019, to disclose information that would be presented to investors on April 10, 2019. The primary focus for investors is the reaffirmation of DTE's 2019 operating earnings per share (EPS) guidance, which remains between $5.97 and $6.33 per share. This guidance is presented on an operating earnings basis, and the company notes that certain items impacting reported results will be excluded. DTE explained that reconciliations to reported earnings are not provided due to the inability to reliably forecast future non-recurring items, mark-to-market adjustments, and discontinued operations, which can significantly affect reported figures. The company also incorporated by reference a slide presentation dated April 1-2, 2019. Investors should note that this filing, including the referenced presentation, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same liability as a formally filed document. The filing also includes a standard forward-looking statements disclaimer, urging readers to consult DTE's 2018 10-K for a comprehensive understanding of associated risks and uncertainties.

Key Highlights

  • 1DTE Energy reaffirms its 2019 operating earnings per share (EPS) guidance of $5.97 to $6.33.
  • 2The company will be meeting with investors on April 10, 2019, to discuss this information.
  • 3Guidance is provided on an 'operating earnings' basis, excluding certain items.
  • 4Reconciliations between operating earnings and reported earnings are not provided due to the unpredictable nature of excluded items.
  • 5Excluded items may include non-recurring items, mark-to-market adjustments, and discontinued operations.
  • 6A slide presentation from April 1-2, 2019, is referenced and available.
  • 7The filing includes a forward-looking statements disclaimer and references the 2018 10-K for detailed risk factors.

Frequently Asked Questions

DTE Energy reaffirms its previously issued 2019 operating earnings per share (EPS) guidance range of $5.97 to $6.33 per share. This outlook was communicated in conjunction with investor meetings.

DTE Energy provides guidance on an operating earnings basis because certain items that impact GAAP reported earnings are excluded. These excluded items, such as future non-recurring events, mark-to-market adjustments, and discontinued operations, are difficult to forecast reliably and can cause significant fluctuations in reported results.

A slide presentation dated April 1-2, 2019, was referenced in this filing and is available on DTE Energy's website (www.dteenergy.com). Investors should also consult DTE Energy's 2018 Form 10-K for a more comprehensive discussion of the company's business, financial condition, and risk factors.

No, according to General Instruction B.2 of Form 8-K, the information furnished in this report, including Exhibit 99.1, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, it does not carry the same liabilities as formally filed information, although it is subject to other SEC regulations.