8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Apr 27, 2020)

Filed April 27, 2020For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on April 27, 2020, to report its first quarter 2020 financial results. The filing primarily serves to incorporate by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) that detail these results and provide a business and financial outlook. Investors should note that the news release contains "non-GAAP financial measures," which CMS Energy uses internally and for external communications as a key indicator of operating performance. These adjusted earnings are provided as supplemental information to GAAP net income, with reconciliations expected in the release for historical data but not for future guidance due to the inability to estimate certain future impacts. The company also announced that it would hold a webcast on the same day to discuss these results and its outlook. The filing emphasizes that this information is furnished and not deemed "filed" under SEC regulations, but investors are directed to the company's website, particularly the Investor Relations section, for important ongoing disclosures. This report acts as a notification of the release of Q1 2020 financial performance and forward-looking statements.

Key Highlights

  • 1CMS Energy announced its first quarter 2020 financial results on April 27, 2020, via an 8-K filing.
  • 2The filing incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) containing the detailed financial information.
  • 3CMS Energy utilizes "adjusted earnings" as a key performance metric, supplementing GAAP net income.
  • 4Reconciliations for historical non-GAAP measures are provided in the news release.
  • 5The company held a webcast on April 27, 2020, to discuss Q1 results and provide a business and financial outlook.
  • 6Information provided is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act.
  • 7Investors are encouraged to monitor CMS Energy's website for routine updates and disclosures.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to CMS Energy's first quarter 2020 financial results through an attached news release and presentation.

Non-GAAP financial measures are financial metrics that are not calculated according to Generally Accepted Accounting Principles (GAAP). CMS Energy uses 'adjusted earnings' as a key measure of its present operating financial performance, which management finds useful for internal assessment and external communications with analysts and investors. These measures are presented as supplemental information.

No, this report and its accompanying exhibits do not contain forward-looking earnings guidance or a reconciliation for future periods. CMS Energy states they are unable to estimate the impact of specific future line items that could significantly affect reported earnings.

Investors and interested parties are directed to monitor the Investor Relations section of CMS Energy's official website (www.cmsenergy.com/investor-relations) for important information and routine disclosures.