8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Apr 26, 2018)

Filed April 26, 2018For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on April 26, 2018, primarily to report its first-quarter 2018 financial results. The report directs investors to an attached news release (Exhibit 99.1) for the detailed results and commentary. A key aspect highlighted is the company's use of non-GAAP financial measures, specifically "adjusted earnings," which management views as a critical indicator of operating performance for external communications and internal assessment. While reconciliations for current-period non-GAAP measures are provided, forward-looking earnings guidance is not accompanied by a reconciliation due to the unpredictable nature of potential future adjustments. The filing also emphasizes that the information contained within the furnished news release should not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, but rather as supplemental disclosure. Investors are encouraged to monitor the Investor Relations section of CMS Energy's website for ongoing updates and important information. The Chief Financial Officer, Rejji P. Hayes, signed the report, indicating the official dissemination of this financial information.

Key Highlights

  • 1CMS Energy announced its first-quarter 2018 results via a news release filed as Exhibit 99.1 to the 8-K.
  • 2The company utilizes "adjusted earnings" as a key performance metric, both internally and for external communications with investors.
  • 3Reconciliations for current non-GAAP financial measures to GAAP are provided in the referenced news release.
  • 4Forward-looking earnings guidance is presented on an adjusted basis but lacks reconciliation for future periods due to potential significant unpredictable adjustments.
  • 5Information furnished in the news release is not considered "filed" under Section 18 of the Exchange Act.
  • 6Investors are directed to the CMS Energy investor relations website for additional company information.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report CMS Energy's first-quarter 2018 financial results and provide investors with access to the detailed announcement through an attached news release (Exhibit 99.1).

Adjusted earnings are a non-GAAP financial measure that CMS Energy uses to present its operating performance. Management views it as a key metric for assessing current financial performance, both internally and in communications with analysts and investors, as it may exclude certain items that can significantly impact reported GAAP earnings.

CMS Energy does not provide a reconciliation for its forward-looking earnings guidance because it cannot reliably estimate the impact of potential future adjustments, such as discontinued operations, asset sales, impairments, or regulatory items, which could significantly affect reported earnings in future periods.

No, the information furnished in the news release (Exhibit 99.1) is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it generally deemed incorporated by reference into other SEC filings unless explicitly stated. It is provided as supplemental disclosure.