8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Apr 29, 2021)

Filed April 29, 2021For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on April 29, 2021, primarily to report its first-quarter 2021 results and provide an updated business and financial outlook. The company issued a news release detailing these results, which included non-GAAP financial measures. Management emphasizes that these "adjusted earnings" are a key metric for understanding current operating performance and are used for external communications, though they should be viewed as supplemental to GAAP-reported earnings. The filing also highlights CMS Energy's upcoming webcast to discuss these first-quarter results and future outlook. Investors are directed to the company's website for the news release, presentation, and webcast, noting that this information is furnished and not deemed "filed" under SEC regulations, but is considered a channel for routine important information distribution.

Key Highlights

  • 1CMS Energy announced its first-quarter 2021 financial results via a news release filed as an exhibit.
  • 2The company utilizes "adjusted earnings" as a key performance indicator, distinct from GAAP net income, for reporting and investor communications.
  • 3Management views adjusted earnings as a supplemental measure to assess current operating financial performance.
  • 4A webcast was scheduled for April 29, 2021, to discuss Q1 results and provide a business and financial outlook.
  • 5CMS Energy's website is highlighted as a primary channel for disseminating important investor information.
  • 6The filing includes the news release (Exhibit 99.1) and a presentation (Exhibit 99.2) related to the Q1 2021 results and outlook.

Frequently Asked Questions

The main purpose of this 8-K filing is to report CMS Energy's first-quarter 2021 financial results and to announce a webcast where the company will discuss these results and provide a business and financial outlook.

Adjusted earnings are non-GAAP financial measures that CMS Energy uses to present its operating financial performance. Management considers them a key measure for external communications with analysts and investors, viewing them as supplemental information to help understand business results better than GAAP-reported earnings alone. Adjustments can include various items like discontinued operations, asset sales, impairments, restructuring costs, and mark-to-market adjustments.

Investors can find more details in the CMS Energy News Release (Exhibit 99.1) and the CMS Energy presentation (Exhibit 99.2) attached to this 8-K filing. The company also provided a webcast on April 29, 2021, and notes that its investor relations website is a channel for important information.

According to General Instruction B.2 of Form 8-K, the information furnished in this Current Report, including Exhibits 99.1 and 99.2, is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. However, CMS Energy considers its website a channel for distributing important information.