8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Apr 24, 2025)

Filed April 24, 2025For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on April 24, 2025, primarily announcing its first-quarter 2025 financial results. The report highlights the release of a news statement (Exhibit 99.1) detailing these results and an accompanying presentation (Exhibit 99.2) that will be used in a webcast to discuss the quarterly performance and provide a business and financial outlook. Investors should note that the company utilizes non-GAAP financial measures, specifically 'adjusted earnings,' for reporting performance, which management views as a key indicator of operational results. Reconciliations for these non-GAAP measures to GAAP equivalents are provided in the news release, with adjustments potentially including items like discontinued operations, asset sales, impairments, and regulatory matters. The company has scheduled a webcast for April 24, 2025, at 9:30 a.m. ET, to further elaborate on its Q1 2025 results and future outlook. This webcast and its accompanying presentation are considered crucial resources for investors seeking a deeper understanding of the company's financial health and strategic direction. It's important for investors to review the provided exhibits, especially the news release and presentation, as they contain the most current and detailed financial information, including guidance and discussions of performance drivers.

Key Highlights

  • 1CMS Energy announced its 2025 first-quarter financial results via a news release filed on April 24, 2025.
  • 2The company is holding a webcast on April 24, 2025, at 9:30 a.m. ET, to discuss Q1 results and provide a business/financial outlook.
  • 3Non-GAAP financial measures, specifically 'adjusted earnings,' are prominently used to report operating performance.
  • 4Reconciliations of non-GAAP to GAAP financial measures are included in the furnished news release (Exhibit 99.1).
  • 5Potential adjustments to earnings include a range of items such as discontinued operations, asset sales, impairments, and regulatory items.
  • 6Forward-looking earnings guidance is provided, but specific reconciliations for future periods are not included due to estimation uncertainties.
  • 7The company emphasizes its website, www.cmsenergy.com, as a channel for important investor information.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce CMS Energy's first-quarter 2025 financial results and to furnish the related news release (Exhibit 99.1) and presentation (Exhibit 99.2) which will be used in an investor webcast.

'Adjusted earnings' are non-GAAP financial measures that CMS Energy uses to report its operating performance. Management views them as a key indicator of the company's present financial performance and uses them for external communications with analysts and investors. They are presented to supplement, not substitute, GAAP-reported earnings.

More detailed information can be found in the CMS Energy News Release dated April 24, 2025 (Exhibit 99.1) and the CMS Energy presentation dated April 24, 2025 (Exhibit 99.2), both furnished with this 8-K. Investors can also listen to the webcast scheduled for April 24, 2025, at 9:30 a.m. ET, available on the CMS Energy website (www.cmsenergy.com).

Yes, the news release indicates that adjustments to earnings can include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiatives, changes in accounting principles, voluntary separation programs, changes in federal tax policy, regulatory items from prior years, and unrealized gains or losses from mark-to-market adjustments. The exact impact of these items can vary.