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|DTE Energy reports strong 2018 financial results; reaffirms guidance for 2019|
2018 operating earnings were
"Our commitment to safety, the environment, customer satisfaction and our communities contributed to making 2018 a very successful year. We had one of our safest years on record and delivered another strong year financially, which positions us for continued future success," said DTE Chairman and CEO
In addition, the NEXUS Gas Transmission system, a DTE joint venture, signed an agreement to purchase Generation Pipeline, a midstream pipeline asset that provides natural gas supply to
"The decision to purchase Generation Pipeline is consistent with our growth plans for NEXUS and aligns with our commitment to enable large industrial customers in the region to access clean, low-cost natural gas," said Anderson.
Additionally, Anderson noted the following accomplishments:
DTE reaffirms guidance for 2019
DTE reaffirms 2019 operating EPS guidance of
"DTE delivered strong financial results in 2018 at both our utility and non-utility businesses while continuing significant investment in reliability and infrastructure improvements," said
This earnings announcement and presentation slides are available at dteenergy.com/investors.
The company will conduct a conference call to discuss earnings results at
Use of Operating Earnings Information -
In this release,
The information contained herein is as of the date of this release.
Many factors impact forward-looking statements including, but not limited to, the following: impact of regulation by the
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For further information, members of the media may call: Pete Ternes, DTE Energy, 313.235.5555; For further information, analysts may call: Barbara Tuckfield, DTE Energy, 313.235.1018; John Dermody, DTE Energy, 313.235.8750