8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Aug 3, 2020)

Filed August 3, 2020For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on August 3, 2020, to report its second quarter 2020 financial results. The report primarily references a furnished news release (Exhibit 99.1) and a presentation (Exhibit 99.2) that discuss these results and the company's business and financial outlook. Notably, the company utilizes "adjusted earnings" as a key performance indicator, which it views as a supplemental measure to GAAP net income. This adjusted earnings metric is used for both internal assessments and external communications with investors and analysts. The filing also announces a webcast to discuss these results, scheduled for the same day as the filing. Investors should pay close attention to the information presented in the accompanying news release and presentation, as they contain the detailed financial performance and forward-looking guidance. The use of non-GAAP financial measures, specifically "adjusted earnings," is highlighted, and reconciliations to GAAP figures are expected to be provided in Exhibit 99.1, except for future earnings guidance where the impact of certain items cannot be estimated. The company also emphasizes that it routinely posts important information on its website's Investor Relations section.

Key Highlights

  • 1CMS Energy reported its Q2 2020 financial results on August 3, 2020, via an 8-K filing.
  • 2The report incorporates a furnished news release (Exhibit 99.1) and presentation (Exhibit 99.2) detailing Q2 results and financial outlook.
  • 3The company emphasizes the use of "adjusted earnings" as a key metric for assessing operational performance, both internally and externally.
  • 4Adjusted earnings are presented as a supplemental, non-GAAP measure, with reconciliations to GAAP provided.
  • 5CMS Energy scheduled a webcast on August 3, 2020, to discuss Q2 results and business outlook.
  • 6The company directs investors to its website for important and routinely updated information.
  • 7The filing clarifies that information furnished under Item 2.02 and Item 7.01 is not considered "filed" for Section 18 purposes.

Frequently Asked Questions

The main purpose of this 8-K filing is to report CMS Energy's second quarter 2020 financial results and to furnish related documents, including a news release and presentation, that provide details on these results and the company's outlook.

Adjusted earnings is a non-GAAP financial measure that CMS Energy uses as a key indicator of its present operating financial performance. Management views it as a supplemental measure to GAAP net income and uses it for both internal assessments and external communications with analysts and investors to provide a clearer view of ongoing operational results.

The detailed financial information and outlook are primarily contained in Exhibit 99.1 (News Release) and Exhibit 99.2 (Presentation) that are furnished with this 8-K filing. These documents are incorporated by reference. CMS Energy also directs investors to its Investor Relations section on its website for important information.

The webcast, held on August 3, 2020, was an opportunity for CMS Energy to discuss its second quarter 2020 results in more detail and to provide a business and financial outlook to investors and analysts.