Business Context and Reporting Period
This Form 8-K is a current report filed by DTE Energy Company and The Detroit Edison Company on November 4, 2011. The filing serves to disseminate the company's earnings release and financial information for the quarter ended September 30, 2011, as well as a slide presentation regarding 2011 operating earnings guidance.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the quarter ended September 30, 2011. These figures are contained within the referenced Exhibits 99.1 and 99.2, which are incorporated by reference but not detailed in the body of this report.
Material Changes and Guidance
DTE Energy narrowed its 2011 operating earnings per share guidance to a range of $3.50 to $3.70 per share. The company noted that certain items impacting reported results will likely be excluded from operating results. Consequently, reconciliations to comparable 2011 reported earnings guidance are not provided, as the company stated it is not possible to reliably forecast specific line items that may fluctuate significantly.
Risks and Contingencies
The filing contains forward-looking statements subject to various assumptions, risks, and uncertainties. DTE Energy and The Detroit Edison Company expressly disclaim any current intention to update these forward-looking statements based on new information or future events. Investors are directed to the "Forward-Looking Statements" sections in the companies' 2010 Forms 10-K and 2011 Forms 10-Q for a discussion of factors that could cause actual results to differ materially.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Release) for specific Q3 2011 revenue, profit, and cash flow figures.
- Examine Exhibit 99.2 for detailed financial tables and reconciliations not included in the 8-K text.
- Verify the specific line items excluded from the narrowed 2011 operating earnings guidance of $3.50-$3.70.
- Consult the 2010 Form 10-K and 2011 Form 10-Q for a comprehensive list of risks affecting the forward-looking statements.