DTE Energy Co (DTE) Q4 2019 Earnings Call Transcript

DTE Energy Co (DTE) Q4 2019 Earnings Call Transcript

Our presentation also includes references to operating earnings, which is a non-GAAP financial measure.. With us this morning are Jerry Narcea President and CEO, and Peter Oleksiak, Senior Vice President and CFO.. I'll turn it over to Peter, who will provide a financial review of the year and wrap things up before we take any questions.. 2019 was another successful year with many great accomplishments, including strong operational and financial performance.. 2019 EPS results provided 9% growth from our original 2018 guidance and 2019, was the 11th consecutive year, we exceeded our operating EPS original guidance.. Our 2020 guidance provides a 7.5% increase over our 2019 original guidance and includes the benefit of recent Midstream acquisition.. We will invest 80% of our capital on our two utilities over the next five years, which will continue to provide our customers with cleaner and more reliable energy and deliver high-quality operating earnings with increased certainty.. His marks the 11th consecutive year we have exceeded our original EPS guidance.. We have contingency across all our business lines, while much of the contingency is based on addressing weather conditions at our utilities with our lean invest plan.. We have successfully employed this lean and