8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Jul 25, 2024)

Filed July 25, 2024For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on July 25, 2024, to announce its second quarter 2024 financial results. The filing primarily incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) detailing these results and providing a business and financial outlook. Investors should note that the company utilizes non-GAAP financial measures, specifically "adjusted earnings," which management views as a key indicator of present operating financial performance and uses for external communications. While adjusted earnings are presented, the company does not provide forward-looking reported earnings guidance due to the inability to estimate the impact of certain items. The news release and presentation, accessible via webcast and the company's website, provide additional detail on the company's performance and future expectations.

Key Highlights

  • 1CMS Energy announced its second quarter 2024 financial results on July 25, 2024, via an 8-K filing.
  • 2The filing incorporates by reference a news release (Exhibit 99.1) and a presentation (Exhibit 99.2) with detailed financial information.
  • 3The company uses non-GAAP financial measures, particularly "adjusted earnings," which management considers a key performance indicator.
  • 4Adjusted earnings are used for external communications with analysts and investors and for internal performance assessment.
  • 5CMS Energy will not provide forward-looking guidance on reported earnings due to the potential impact of unpredictable items.
  • 6A webcast to discuss Q2 results and provide a business/financial outlook was held on July 25, 2024.
  • 7Information regarding results and outlook is available on the CMS Energy website (www.cmsenergy.com).

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce CMS Energy's second quarter 2024 financial results and to provide investors with access to the detailed information presented in the company's news release and investor presentation, which are incorporated by reference.

No, CMS Energy does not provide forward-looking guidance for GAAP reported earnings. This is because the company cannot reliably estimate the potential impact of specific items that could significantly affect future reported earnings.

Adjusted earnings is a non-GAAP financial measure that CMS Energy uses to provide a clearer view of its present operating financial performance. Management considers it a key metric and uses it internally and externally to assess performance and communicate with analysts and investors.

The detailed financial results, including information on adjusted earnings, and the business and financial outlook are available in Exhibit 99.1 (News Release) and Exhibit 99.2 (Presentation) attached to this 8-K filing. These documents can also be accessed via a webcast of the July 25, 2024 presentation on the CMS Energy website.