8-KEarnings & ResultsRegulation FDExhibits & Filings

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

Filed July 29, 2021For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on July 29, 2021, to report its second quarter 2021 financial results. The filing primarily incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) that provide details on the company's performance and outlook. Investors should note that the company utilizes non-GAAP financial measures, such as adjusted earnings, to communicate operational performance, which are reconciled to GAAP measures in the provided exhibits. The company also announced a webcast to discuss these results and provide a business and financial outlook, underscoring the importance of these disclosures for understanding the company's trajectory. While specific forward-looking earnings guidance is not provided in the filing itself due to potential variability in certain adjustment items, investors are directed to the company's website for ongoing disclosures and updates. The report highlights CMS Energy's commitment to transparency in communicating its financial condition and operational performance to the investment community.

Key Highlights

  • 1CMS Energy announced its second quarter 2021 financial results via an 8-K filing on July 29, 2021.
  • 2The filing incorporates a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) detailing Q2 2021 performance and outlook.
  • 3CMS Energy utilizes and reports on 'adjusted earnings' as a key performance metric, which is a non-GAAP financial measure.
  • 4Reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures are provided in the accompanying news release.
  • 5The company hosted a webcast on July 29, 2021, to discuss Q2 results and provide a business and financial outlook.
  • 6CMS Energy directs investors to its website, particularly the Investor Relations section, for routine updates and important information.

Frequently Asked Questions

This 8-K filing serves to report CMS Energy's second quarter 2021 financial results. It primarily incorporates by reference a news release and a presentation that contain detailed financial information and forward-looking commentary.

Yes, CMS Energy uses non-GAAP financial measures, such as 'adjusted earnings,' to present its operational performance. The company considers these measures key for external communications and internal performance assessment. Reconciliations to the most directly comparable GAAP financial measures are provided in the attached news release (Exhibit 99.1) to assist investors in understanding these figures. Investors should view these adjusted measures as supplemental information.

More detailed information can be found in Exhibit 99.1 (News Release) and Exhibit 99.2 (Presentation) attached to this 8-K filing. Additionally, CMS Energy held a webcast on July 29, 2021, to discuss these results and outlook, and the company routinely posts important information on its Investor Relations website (www.cmsenergy.com/investor-relations).

The filing notes that specific forward-looking earnings guidance and a reconciliation for future periods are not included because the company cannot estimate the impact of specific line items that could significantly affect reported earnings. However, the company does provide a business and financial outlook during the webcast and in accompanying materials.