8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Jul 27, 2023)

Filed July 27, 2023For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on July 27, 2023, to report its second quarter 2023 financial results. The filing primarily consists of a press release (Exhibit 99.1) detailing these results and a presentation (Exhibit 99.2) offering further insights and business outlook. Investors should note that the company utilizes non-GAAP financial measures, specifically "adjusted earnings," for reporting operational performance, which are reconciled to GAAP measures in the provided exhibits. These adjusted earnings are considered by management as a key indicator of present operating financial performance and are used in external communications with analysts and investors. The company also announced a webcast to discuss these results and provide a business and financial outlook, underscoring the importance of these forward-looking statements and management's commentary. While the 8-K itself doesn't contain granular Q2 numbers, it serves as the official notification that such results have been released and are available through the attached exhibits and the company's website. Investors are encouraged to review these exhibits for a comprehensive understanding of CMS Energy's performance and future guidance.

Key Highlights

  • 1CMS Energy announced its second quarter 2023 financial results via a press release (Exhibit 99.1) filed with the SEC.
  • 2The company utilizes "adjusted earnings" as a key non-GAAP financial measure to report and assess operating performance, which is reconciled to GAAP figures.
  • 3CMS Energy held a webcast on July 27, 2023, to discuss Q2 results and provide a business and financial outlook.
  • 4A presentation (Exhibit 99.2) providing further details on the results and outlook was furnished as part of the 8-K filing.
  • 5The filing emphasizes that information furnished under Item 7.01 (Regulation FD Disclosure) and its exhibits are not deemed "filed" for purposes of Section 18 of the Exchange Act.
  • 6CMS Energy directs investors to its website, specifically the Investor Relations section, for important information and communications.
  • 7The company's CFO, Rejji P. Hayes, signed the report, indicating official dissemination of the financial information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report CMS Energy Corporation's second quarter 2023 financial results and provide related commentary. It includes a press release and a presentation that detail the company's performance and outlook.

Adjusted earnings are non-GAAP financial measures that CMS Energy uses to present what management views as a key indicator of the company's present operating financial performance. They are used for external communications and internal assessment, excluding certain items that can significantly impact reported earnings. The filing notes these are supplemental to GAAP measures.

The detailed Q2 financial results and outlook are primarily contained in Exhibit 99.1 (News Release) and Exhibit 99.2 (Presentation) attached to this 8-K filing. These documents are available for review on the SEC's EDGAR database or CMS Energy's investor relations website.

According to the filing, information furnished under Regulation FD Disclosure (Item 7.01) and its exhibits are not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor are they incorporated by reference into any other filings under the Securities Act of 1933, unless explicitly stated otherwise.