8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Oct 29, 2020)

Filed October 29, 2020For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on October 29, 2020, primarily to announce its third quarter 2020 results and provide forward-looking guidance. The filing directs investors to an attached news release (Exhibit 99.1) for detailed financial information. It highlights the company's use of adjusted earnings as a key performance metric, explaining that these non-GAAP measures are used for external communications and internal performance assessment, and are supplemented with reconciliations to GAAP. Investors should note that the company also scheduled a webcast for the same day to discuss these results and its business and financial outlook, with a presentation furnished as Exhibit 99.2. The filing emphasizes that information provided is furnished and not deemed 'filed' for regulatory purposes.

Key Highlights

  • 1CMS Energy announced its third quarter 2020 financial results on October 29, 2020.
  • 2The company utilizes 'adjusted earnings' as a key performance indicator, distinct from GAAP net income.
  • 3Reconciliations for non-GAAP financial measures are provided in the accompanying news release.
  • 4CMS Energy provided forward-looking earnings guidance alongside its Q3 results.
  • 5A webcast was scheduled for October 29, 2020, to discuss Q3 results and business/financial outlook.
  • 6Investor presentations and news releases are furnished as exhibits to the 8-K filing.
  • 7The company uses its Investor Relations website as a channel for distributing important information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce CMS Energy Corporation's third quarter 2020 financial results and provide forward-looking guidance. It directs investors to accompanying exhibits, including a news release and a presentation, for detailed information.

Adjusted earnings are non-GAAP financial measures that CMS Energy uses to represent its core operating performance. Management views this as a key metric for assessing financial performance both internally and in external communications with analysts and investors, providing a view that may exclude certain items impacting GAAP net income.

More detailed financial information, including the Q3 2020 results and reconciliations of non-GAAP measures, can be found in the News Release (Exhibit 99.1) attached to this 8-K. The business and financial outlook were discussed during a webcast on October 29, 2020, and a copy of the presentation is available as Exhibit 99.2.

No, 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 the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.