8-KEarnings & ResultsExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Nov 2, 2006)

Filed November 2, 2006For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on November 2, 2006, to announce its third quarter and first nine months of 2006 financial results. The company also reaffirmed its full-year 2006 guidance for adjusted earnings, specifically excluding mark-to-market impacts, indicating a focus on operational performance distinct from accounting valuations. This report primarily serves to incorporate by reference a press release detailing these financial outcomes and forward-looking statements. Investors should note that this filing emphasizes the company's non-GAAP adjusted earnings guidance. The press release, attached as an exhibit, likely contains the specific figures and commentary regarding the company's performance. The filing also cautions that forward-looking statements are subject to risks and uncertainties, directing readers to detailed risk factors in previous SEC filings for a comprehensive understanding of potential deviations from expected results.

Key Highlights

  • 1CMS Energy announced its third quarter and first nine months 2006 financial results.
  • 2The company reaffirmed its 2006 adjusted earnings guidance, excluding mark-to-market impacts.
  • 3The filing incorporates by reference a press release (Exhibit 99.1) detailing the financial results.
  • 4The report highlights that adjusted earnings are presented on a non-U.S. GAAP basis.
  • 5CMS Energy included standard cautionary statements regarding forward-looking statements and associated risks.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce CMS Energy's financial results for the third quarter and the first nine months of 2006, and to reaffirm the company's full-year 2006 earnings guidance, specifically on an adjusted basis excluding mark-to-market impacts. It also incorporates the relevant press release by reference.

This means that the company is presenting its earnings performance on a basis that excludes the impact of fluctuations in the market value of certain financial instruments (mark-to-market adjustments). Investors should focus on these adjusted figures for a potentially clearer view of the company's core operational performance, but should also be aware that these are non-GAAP measures.

The detailed financial results and guidance are contained within the press release dated November 2, 2006, which is attached as Exhibit 99.1 to this 8-K filing. Investors should refer to that document for specific numbers and commentary.

The filing directs investors to review the 'FORWARD-LOOKING STATEMENTS AND INFORMATION' and 'RISK FACTORS' sections within CMS Energy's and Consumers Energy Company's prior Form 10-K and subsequent Form 10-Q filings. These sections discuss important factors that could cause actual results to differ materially from the forward-looking statements made in the press release.