DTE Energy Company (DTE) Q3 2022 Earnings Call Transcript

DTE Energy Company (NYSE:DTE) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET

Company Participants

Barbara Tuckfield - Director-IR

Jerry Norcia - Chairman, President and CEO

Dave Ruud - SVP and CFO

Conference Call Participants

Nicholas Campanella - Credit Suisse

Shar Pourreza - Guggenheim Partners

Jeremy Tonet - JPMorgan

David Arcaro - Morgan Stanley

Insoo Kim - Goldman Sachs

Paul Zimbardo - Bank of America

Michael Sullivan - Wolfe Research

Travis Miller - Morningstar

Anthony Crowdell - Mizuho

Ryan Levine - Citi

Operator

Good morning, and welcome to DTE Energy's Q3 2022 Earnings Conference Call. [Operator Instructions]

I would now like to turn the call over to Barbara Tuckfield, Director of Investor Relations. Ms. Tuckfield, please go ahead.

Barbara Tuckfield

Thank you, and good morning, everyone. Before we get started, I would like to remind you to read the safe harbor statement on Page 2 of the presentation, including the reference to forward-looking statements. Our presentation also includes references to operating earnings, which is a non-GAAP financial measure. Please refer to the reconciliation of GAAP earnings to operating earnings provided in the appendix.

With us this morning are Jerry Norcia, Chairman, President and CEO; and Dave Ruud, Senior Vice President and CFO.

And now I'll turn it over to Jerry to start the call this morning.

Jerry Norcia

Thanks, Barb, and good morning, everyone, and thanks for joining us.

Let me start by saying that three quarters of the way through 2022, we are on track for a very successful year, and we continue to be well positioned for the future. This morning, I will highlight some of the successes we have accomplished this year, and Dave will provide a financial update and wrap things up before we take your questions.

We are very well positioned to achieve our operating EPS guidance. The $6 guidance midpoint provides over 8% growth from our 2021 original guidance midpoint. As many of you know, we will be filing our Integrated Resource Plan or IRP next week. This filing will provide updates on our path for decarbonization and our commitment to continuing to provide clean, reliable and affordable energy to our customers. Our team has been working hard on this filing going through multiple scenarios and taken into account stakeholder feedback to develop a plan that works best for all of our customers, as well as incorporating the benefits of the Inflation Reduction Act or the IRA.