Summary
DTE Energy Company (DTE) filed an 8-K on September 3, 2019, to furnish a slide presentation that was used in investor meetings on September 4, 2019. The primary purpose of this filing was to reaffirm the company's previously issued 2019 operating earnings guidance range of $6.02 to $6.38 per share. While reaffirming guidance, DTE Energy noted that certain items impacting reported earnings for 2019 are likely to be excluded from operating earnings. Reconciliations for these exclusions were not provided, as the company cannot reliably forecast the timing and magnitude of these potentially significant impacts, which may include non-recurring items, mark-to-market adjustments, and discontinued operations. Investors should be aware that reported earnings may differ from operating earnings due to these factors.
Key Highlights
- 1DTE Energy reaffirmed its 2019 operating earnings guidance range of $6.02 - $6.38 per share.
- 2A slide presentation used in investor meetings on September 4, 2019, was furnished as an exhibit.
- 3The company anticipates certain items will be excluded from 2019 operating earnings.
- 4Reconciliations between reported and operating earnings for 2019 were not provided due to forecasting uncertainty of specific exclusion items.
- 5Potential excluded items include non-recurring items, mark-to-market adjustments, and discontinued operations.
- 6The furnished information is not considered 'filed' for Section 18 liability purposes, but may be incorporated by reference in future filings if expressly stated.