8-KEarnings & ResultsRegulation FDExhibits & Filings

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

Filed July 25, 2019For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on July 25, 2019, to announce its second quarter 2019 financial results. The report primarily references an attached news release (Exhibit 99.1) which details these results and includes forward-looking guidance. Investors should note that the company utilizes "adjusted earnings" as a key performance metric, which differs from GAAP measures, and provides reconciliations for these non-GAAP figures. The filing also indicates that CMS Energy held a webcast on the same day to discuss these quarterly results and provide a business and financial outlook. A presentation supporting this webcast (Exhibit 99.2) is also furnished. The company emphasizes that information is routinely posted on its investor relations website and should be considered a channel for distribution of important information.

Key Highlights

  • 1CMS Energy announced its second quarter 2019 financial results on July 25, 2019, via an 8-K filing.
  • 2The filing includes a news release (Exhibit 99.1) with detailed financial information and forward-looking earnings guidance.
  • 3The company uses non-GAAP financial measures, specifically "adjusted earnings," which are provided with reconciliations to comparable GAAP measures.
  • 4CMS Energy views adjusted earnings as a key metric for assessing operational performance and for external communications with investors.
  • 5A webcast was held on July 25, 2019, to discuss Q2 results and provide a business and financial outlook.
  • 6A presentation (Exhibit 99.2) accompanying the webcast is also furnished with the 8-K filing.
  • 7The company directs investors to its investor relations website for routine updates and important information.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce CMS Energy's second quarter 2019 financial results and provide investors with access to the related news release and presentation.

'Adjusted earnings' is a non-GAAP financial measure that CMS Energy uses to present its operating financial performance. Management views it as a key metric for both internal assessment and external communication with analysts and investors, believing it better reflects the company's current operational financial performance.

The detailed financial results and outlook are provided in the news release (Exhibit 99.1) and the presentation (Exhibit 99.2) that are furnished as part of this 8-K filing. These documents are also available on CMS Energy's investor relations website.

According to General Instruction B.2 of Form 8-K, the information in this Current Report, including the exhibits, is furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933. However, the company does consider its investor relations website a channel for distributing important information.