8-KEarnings & ResultsRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Financial Results (Feb 10, 2022)

Filed February 10, 2022For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) filed an 8-K on February 10, 2022, primarily to furnish its earnings release and slide presentation for the year ended December 31, 2021. The filing provides investors with the company's reported financial results for the full year 2021 and importantly, includes the company's operating earnings guidance for 2022. While the specific 2021 financial results are detailed in the furnished exhibits, the key takeaway for investors from this 8-K is the forward-looking guidance for 2022. The company notes that its 2022 operating earnings guidance excludes certain items that may impact reported results, such as non-recurring items, mark-to-market adjustments, and discontinued operations, and that reconciliations for these items are not provided due to their unpredictable nature. Investors should refer to the referenced exhibits for the detailed financial figures and guidance.

Key Highlights

  • 1Furnishes 2021 full-year financial results via an earnings release (Exhibit 99.1).
  • 2Provides a slide presentation (Exhibit 99.2) with supplemental financial information and key updates.
  • 3Announces 2022 operating earnings guidance.
  • 4Explicitly states that 2022 operating earnings guidance excludes certain potentially significant items like non-recurring items and mark-to-market adjustments.
  • 5Reconciliations for excluded items in 2022 guidance are not provided due to their unpredictable nature.
  • 6Information furnished in this report is generally not considered 'filed' for Section 18 purposes, limiting liability.
  • 7Incorporates forward-looking statements by reference to the company's 2021 Form 10-K, cautioning investors about risks and uncertainties.

Frequently Asked Questions

The 8-K filing itself does not contain the specific numerical results for the year ended December 31, 2021. Investors should refer to Exhibit 99.1, the earnings release dated February 10, 2022, which is furnished with this report, for detailed financial results.

DTE Energy has provided 2022 operating earnings guidance. However, this guidance excludes certain items that could impact reported earnings, such as non-recurring items, mark-to-market adjustments, and discontinued operations. The company notes these excluded items can fluctuate significantly and may materially affect reported earnings.

DTE Energy states that reconciliations are not provided because it is not possible to provide a reliable forecast of these specific line items (i.e., future non-recurring items, certain mark-to-market adjustments, and discontinued operations). These items may fluctuate significantly and could have a substantial impact on reported earnings.

Investors can find more detailed financial information, including the 2021 results and 2022 guidance, in the furnished exhibits: Exhibit 99.1 (Earnings Release) and Exhibit 99.2 (Slide Presentation). Additionally, the report incorporates by reference forward-looking statements and risk factors discussed in DTE Energy's 2021 Form 10-K and other SEC filings.