8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Feb 2, 2023)

Filed February 2, 2023For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on February 2, 2023, to announce its 2022 financial results. The report primarily incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) that detail these results and provide an outlook. Investors should note that the company utilizes non-GAAP financial measures, specifically 'adjusted earnings,' which management considers a key indicator of operational performance and uses for external communications. Reconciliations for these non-GAAP measures to GAAP are provided, though forward-looking earnings guidance does not include such reconciliations due to the inability to estimate future impacts of specific line items. The company also announced a webcast to discuss its 2022 performance and business/financial outlook, which is a critical event for investors seeking detailed insights and future projections. CMS Energy emphasizes that important information is routinely posted on its Investor Relations website, reinforcing the importance of this channel for ongoing updates and disclosures.

Key Highlights

  • 1CMS Energy announced its 2022 financial results via a news release filed on February 2, 2023.
  • 2The company utilizes and reports 'adjusted earnings' as a key performance metric, alongside GAAP measures.
  • 3Reconciliations between non-GAAP adjusted earnings and GAAP net income are provided in the furnished exhibits.
  • 4Forward-looking earnings guidance is provided, but without a reconciliation to GAAP due to inherent uncertainties.
  • 5CMS Energy held a webcast on February 2, 2023, to discuss 2022 results and provide a business and financial outlook.
  • 6Investors are directed to the CMS Energy website for routine updates and important information.
  • 7The filing incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2).

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce CMS Energy's 2022 financial results and provide related information, including a news release and a presentation, which detail performance and future outlook.

Adjusted earnings are a non-GAAP financial measure that management uses to assess and communicate operational performance. It excludes certain items that management believes do not reflect ongoing operational results, such as discontinued operations, asset sales, impairments, or regulatory items. The company views it as a key indicator for investors.

CMS Energy states that it is unable to provide a reconciliation for forward-looking earnings guidance to comparable GAAP measures because it cannot estimate the impact of specific future items that could significantly affect reported earnings.

Investors can find detailed information in the CMS Energy News Release (Exhibit 99.1) and the CMS Energy presentation (Exhibit 99.2) filed with this 8-K. Additionally, CMS Energy routinely posts important information on the Investor Relations section of its website, www.cmsenergy.com/investor-relations.