8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Apr 25, 2019)

Filed April 25, 2019For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on April 25, 2019, primarily to announce its first quarter 2019 results via an attached News Release (Exhibit 99.1). This release contains key financial information, including specific performance metrics. Investors should note that the company utilizes non-GAAP financial measures, such as "adjusted earnings," for reporting and internal assessment, alongside GAAP figures. While a reconciliation for current non-GAAP measures is provided, forward-looking earnings guidance is offered on an adjusted basis without a GAAP reconciliation due to the unpredictable nature of certain future adjustments.

Key Highlights

  • 1CMS Energy announced its first quarter 2019 financial results on April 25, 2019.
  • 2The primary purpose of the 8-K filing is to furnish a News Release containing these results.
  • 3The company employs 'adjusted earnings' as a key performance indicator for both internal management and external communication with investors.
  • 4A reconciliation between non-GAAP financial measures and their closest GAAP equivalents is provided for current reporting periods.
  • 5Forward-looking earnings guidance is provided on an adjusted basis, with a disclaimer that a full GAAP reconciliation is not feasible for future periods.
  • 6CMS Energy highlights its investor relations website as a regular channel for important company information.
  • 7The filing was signed by Rejji P. Hayes, Executive Vice President and Chief Financial Officer for both CMS Energy and Consumers Energy Company.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce CMS Energy Corporation's financial results for the first quarter of 2019, as detailed in the attached News Release (Exhibit 99.1).

CMS Energy uses both GAAP and non-GAAP financial measures. Specifically, the company highlights 'adjusted earnings' as a key metric for performance assessment, both internally and for external communications with investors and analysts. A reconciliation to GAAP is provided for current period results.

CMS Energy provides forward-looking earnings guidance on an adjusted basis. A full reconciliation to comparable GAAP future earnings is not provided because the company cannot reliably estimate the impact of specific future adjustments (e.g., impairments, regulatory items) that could significantly affect reported earnings.

Investors can find important information routinely posted by CMS Energy on its Investor Relations website, which can be accessed at www.cmsenergy.com/investor-relations.