DTE Energy Completes Preferred Stock Offerings

Ticker: DTB · Form: 8-K · Filed: Nov 8, 2024 · CIK: 936340

Dte Energy Co 8-K Filing Summary
FieldDetail
CompanyDte Energy Co (DTB)
Form Type8-K
Filed DateNov 8, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Sentiment: neutral

Topics: debt, financing, preferred-stock

Related Tickers: DTE

TL;DR

DTE Energy closed two preferred stock deals, raising capital.

AI Summary

DTE Energy Co. announced on November 8, 2024, that it has completed the sale of its DTE Energy Preferred Stock, Series G, 4.375% Junior Subordinated Debentures due 2077. The company also announced the completion of its DTE Energy Preferred Stock, Series E, 5.25% Junior Subordinated Debentures due 2077. These transactions are part of the company's ongoing financial strategies.

Why It Matters

This filing indicates DTE Energy has successfully raised capital through preferred stock issuances, which can impact its financial structure and future investment capacity.

Risk Assessment

Risk Level: low — The filing reports on completed financial transactions, which are standard corporate actions and do not inherently introduce new risks.

Key Players & Entities

  • DTE Energy Co. (company) — Filer
  • DTE Electric Co. (company) — Subsidiary
  • DTE Energy Preferred Stock, Series G, 4.375% Junior Subordinated Debentures due 2077 (dollar_amount) — Financial Instrument
  • DTE Energy Preferred Stock, Series E, 5.25% Junior Subordinated Debentures due 2077 (dollar_amount) — Financial Instrument

FAQ

What was the total amount raised from the Series G debenture offering?

The filing does not specify the total amount raised for the Series G debentures.

What was the total amount raised from the Series E debenture offering?

The filing does not specify the total amount raised for the Series E debentures.

What is the maturity date for the Series G debentures?

The maturity date for the Series G debentures is 2077.

What is the maturity date for the Series E debentures?

The maturity date for the Series E debentures is 2077.

What is the interest rate for the Series G debentures?

The interest rate for the Series G debentures is 4.375%.

Filing Stats: 756 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-11-08 16:18:03

Filing Documents

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. DTE Energy Company ("DTE Energy") will meet with investors November 10-12, 2024. A copy of the slide presentation was furnished as Exhibit 99.1 to this report and will be available on DTE Energy's website, www.dteenergy.com on November 8, 2024. In its business presentation and this filing, DTE Energy discusses 2024 operating earnings guidance. It is likely that certain items that impact the company's 2024 reported results will be excluded from operating results. Reconciliations to the comparable 2024 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Slide Presentation of DTE Energy Company dated November 10-12, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward-Looking Statements

Forward-Looking Statements : This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the "Forward-Looking Statements" section in DTE Energy's and DTE Electric Company's (DTE Electric) 2023 Form 10-K and 2024 Forms 10-Q (which section is incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: November 8, 2024 DTE ENERGY COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer DTE ELECTRIC COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer

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