8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Jan 14, 2021)

Filed January 14, 2021For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy filed an 8-K on January 14, 2021, to announce upcoming investor meetings scheduled for January 15, 2021. The primary purpose of this filing is to furnish a slide presentation (Exhibit 99.1) that will be used in these meetings. Importantly, DTE Energy reaffirms its 2021 operating earnings per share guidance range of $6.88 to $7.26. The company also provided insights into its forward-looking financial metrics. DTE Energy will be discussing its 2021 operating earnings guidance, noting that certain items impacting reported results may be excluded from operating earnings. Reconciliations for these exclusions are not provided due to the difficulty in reliably forecasting these non-recurring or variable items. Furthermore, the company discusses Adjusted EBITDA, also noting that a reconciliation to GAAP net income for 2021 projections is not available due to the inherent unpredictability of the components that could impact net income.

Key Highlights

  • 1Reaffirmed 2021 operating earnings guidance range of $6.88 - $7.26 per share.
  • 2Furnished a slide presentation (Exhibit 99.1) for investor meetings on January 15, 2021.
  • 3Indicated that certain items impacting reported results will likely be excluded from 2021 operating earnings.
  • 4Stated that reconciliations for excluded items impacting operating earnings are not provided due to forecasting difficulties.
  • 5Discussed Adjusted EBITDA in the investor presentation.
  • 6Confirmed that a reconciliation of projected 2021 net income to Adjusted EBITDA is not provided.
  • 7The information furnished is not considered 'filed' for SEC liability purposes unless expressly incorporated into a filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about upcoming meetings on January 15, 2021, and to furnish the slide presentation (Exhibit 99.1) that will be used during these meetings. It also serves to reaffirm the company's financial guidance.

DTE Energy reaffirmed its 2021 operating earnings per share guidance range of $6.88 to $7.26.

No, DTE Energy stated that reconciliations to comparable 2021 reported earnings guidance are not provided because it is not possible to reliably forecast specific line items such as future non-recurring items, certain mark-to-market adjustments, and discontinued operations, which can significantly impact reported earnings.

No, DTE Energy does not provide a reconciliation of net income to Adjusted EBITDA for the full-year 2021 projection. This is because the company cannot, without unreasonable effort, estimate or predict with certainty the components of net income that could significantly impact financial measures like Adjusted EBITDA.