8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Oct 26, 2023)

Filed October 26, 2023For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on October 26, 2023, to announce its third-quarter 2023 financial results. The primary focus of this filing is the dissemination of earnings information through a news release (Exhibit 99.1) and a related investor presentation (Exhibit 99.2), which also serve as a business and financial outlook. These documents contain non-GAAP financial measures, specifically adjusted earnings, which management uses as a key indicator of operating performance and for external communications, though a direct reconciliation for future guidance is not provided due to the unpredictable nature of certain adjustments. The company also highlighted its routine practice of posting important information on its website, including its investor relations section, as a channel for distribution. The company is providing investors with its third-quarter results and an updated business and financial outlook, as detailed in the attached news release and presentation. While the 8-K itself is largely procedural, incorporating these exhibits by reference, it signals that CMS Energy is actively communicating its financial performance and strategic direction to the market. Investors should refer to the furnished exhibits for specific financial details, including adjusted earnings, and forward-looking statements regarding the company's performance and outlook.

Key Highlights

  • 1CMS Energy announced its third-quarter 2023 results via a news release filed on October 26, 2023.
  • 2The filing incorporates a news release (Exhibit 99.1) containing financial results and an investor presentation (Exhibit 99.2) with a business and financial outlook.
  • 3The company utilizes non-GAAP financial measures, particularly 'adjusted earnings,' which management views as a key indicator of operating performance.
  • 4Adjusted earnings are used for external communications with analysts and investors, as well as internal performance assessment.
  • 5Reconciliation for future earnings guidance is not provided due to the inability to estimate the impact of specific future adjustments.
  • 6CMS Energy will hold a webcast on October 26, 2023, to discuss Q3 results and provide a business and financial outlook.
  • 7The company routinely posts important information on its website, including the investor relations section, as a distribution channel.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide investors with CMS Energy's third-quarter 2023 financial results and its business and financial outlook. It incorporates by reference a news release and an investor presentation that contain these details.

Adjusted earnings are a non-GAAP financial measure that CMS Energy uses to provide a clearer view of its ongoing operational performance, excluding items that management believes may not be indicative of future results or are unusual in nature. Management uses adjusted earnings as a key measure for both internal assessment and external communications with investors and analysts.

The detailed financial results and the business and financial outlook are contained within Exhibit 99.1 (News Release) and Exhibit 99.2 (Investor Presentation), which are furnished as part of this 8-K filing. These documents are also available on the CMS Energy website.

While the filing includes a business and financial outlook, the company notes that it does not provide a reconciliation for future reported earnings guidance. This is because CMS Energy cannot estimate the impact of specific line items that could significantly affect reported earnings in future periods. Investors should refer to the presentation for forward-looking statements.