8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (May 3, 2022)

Filed May 3, 2022For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on May 3, 2022, to report its first quarter 2022 financial results. The filing primarily incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) that detail the company's performance and outlook. A key aspect highlighted is the company's use of "adjusted earnings" as a non-GAAP measure for assessing operational performance, which excludes various items like discontinued operations, asset sales, impairments, and regulatory items. Investors are encouraged to review these non-GAAP measures alongside the most directly comparable GAAP financial measures, as provided in the news release, to gain a comprehensive understanding of the company's financial condition. The company also announced a webcast to discuss these Q1 2022 results and provide a business and financial outlook on the same day, May 3, 2022. This filing, including the attached exhibits, is furnished and not deemed "filed" under Section 18 of the Exchange Act, meaning it does not carry the same regulatory implications as a formally filed document. CMS Energy also notes that it routinely posts important information on its website, www.cmsenergy.com, particularly in the Investor Relations section.

Key Highlights

  • 1CMS Energy announced its 2022 first quarter results via a news release furnished with the 8-K filing.
  • 2The company utilizes "adjusted earnings" as a key non-GAAP financial measure to assess current operating performance and for external communications.
  • 3The adjusted earnings measure excludes various items such as discontinued operations, asset sales, impairments, restructuring costs, and regulatory items.
  • 4Investors are advised to consider the provided reconciliations of non-GAAP measures to their most directly comparable GAAP financial measures.
  • 5A webcast was held on May 3, 2022, to discuss Q1 2022 results and provide a business and financial outlook.
  • 6CMS Energy provides a presentation (Exhibit 99.2) alongside the news release, which can be accessed on the company's website.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report CMS Energy's first quarter 2022 results and provide additional related information through incorporated exhibits, specifically a news release and a presentation.

Adjusted earnings are a non-GAAP financial measure that CMS Energy uses to present its operating financial performance. Management views this measure as key for assessing current performance and uses it for external communications with analysts and investors, as it aims to provide a clearer picture of ongoing operational results by excluding certain items like impairments, regulatory adjustments, or discontinued operations.

Investors can find more details in Exhibit 99.1 (News Release) and Exhibit 99.2 (Presentation) attached to this 8-K filing. CMS Energy also holds webcasts to discuss these results and outlooks, with information available on their website (www.cmsenergy.com).

No, in accordance with General Instruction B.2 of Form 8-K, the information in this Current Report, including Exhibits 99.1 and 99.2, is furnished and shall not be deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as a formally filed document under that section.