8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Feb 1, 2024)

Filed February 1, 2024For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on February 1, 2024, to announce its 2023 financial results and provide forward-looking guidance. The filing primarily incorporates by reference a news release (Exhibit 99.1) detailing these results and a presentation (Exhibit 99.2) covering the business and financial outlook. Investors should note that the news release includes non-GAAP financial measures, such as adjusted earnings, which management uses as a key indicator of operational performance. While the company provides adjusted earnings and guidance for these measures, it cautions that future reported earnings could be significantly impacted by various factors not currently estimable, hence the lack of reconciliation for future periods. The company held a webcast on the same day to discuss its 2023 performance and future outlook. Investors are directed to the company's website, specifically the Investor Relations section, for important information, as CMS Energy considers this a channel for distribution. The SEC filing serves to furnish this information and is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other filings unless explicitly stated.

Key Highlights

  • 1CMS Energy announced its 2023 financial results on February 1, 2024, via an 8-K filing.
  • 2The filing incorporates a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) discussing 2023 results and future outlook.
  • 3The company utilizes non-GAAP financial measures, such as adjusted earnings, for performance assessment and external communications.
  • 4Management views adjusted earnings as a key indicator of current operational financial performance.
  • 5CMS Energy provided forward-looking earnings guidance, but cautioned about potential significant future impacts on reported earnings.
  • 6A webcast was held on February 1, 2024, to discuss financial results and business outlook.
  • 7Important investor information is routinely posted on the CMS Energy investor relations website.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce CMS Energy Corporation's 2023 financial results and provide information regarding its business and financial outlook for the future. It incorporates by reference a news release and a presentation containing this information.

The filing primarily references a news release that includes both GAAP financial measures and non-GAAP financial measures, notably adjusted earnings. Management uses adjusted earnings as a key measure for assessing operational performance and for communicating with investors.

CMS Energy provides forward-looking earnings guidance. However, the company cautions that certain adjustments, such as regulatory items, impairments, or mark-to-market impacts, could significantly affect future reported earnings. Reconciliations for future periods are not provided due to the inability to estimate these impacts.

Investors can find more detailed information on the CMS Energy website, specifically in the Investor Relations section (www.cmsenergy.com/investor-relations). The company considers this its channel for distributing important information. The news release and presentation furnished with this 8-K are also key resources.