Item 2.02. Results of Operations and Financial Condition.
On July 28, 2022, CMS Energy Corporation (“CMS Energy”) issued a News Release,
in which it announced its 2022 second quarter results. Attached as Exhibit 99.1
to this report and incorporated herein by reference is a copy of the CMS Energy
News Release, furnished as a part of this report.
Exhibit 99.1 contains certain financial measures that are considered “non-GAAP
financial measures” as defined in Securities and Exchange Commission rules.
Other than forward-looking earnings guidance, Exhibit 99.1 contains a
reconciliation of these non-GAAP financial measures to their most directly
comparable financial measures calculated and presented in accordance with
accounting principles generally accepted in the United States. Adjustments could
include items such as discontinued operations, asset sales, impairments,
restructuring costs, changes in accounting principles, changes in federal tax
policy, regulatory items from prior years, unrealized gains or losses from
mark-to-market adjustments recognized in net income related to CMS Enterprises’
interest expense, or other items. Management views adjusted earnings as a key
measure of the company’s present operating financial performance and uses
adjusted earnings for external communications with analysts and investors.
Internally, the company uses adjusted earnings to measure and assess
performance. Because CMS Energy is not able to estimate the impact of specific
line items, which have the potential to significantly impact, favorably or
unfavorably, reported earnings in future periods, Exhibit 99.1 does not contain
reported earnings guidance nor a reconciliation for the comparable future period
earnings. The adjusted earnings should be considered supplemental information to
assist in understanding our business results, rather than as a substitute for
the reported earnings. All references to net income refer to net income
available to common stockholders and references to earnings per share are on a
Item 7.01. Regulation FD Disclosure.
The information set forth in the CMS Energy News Release dated July 28, 2022,
attached as Exhibit 99.1, is incorporated by reference in response to this
CMS Energy will hold a webcast to discuss its 2022 second quarter results and
provide a business and financial outlook on July 28 at 9:30 a.m. (ET). A copy of
the CMS Energy presentation is furnished as Exhibit 99.2 to this report. A
webcast of the presentation will be available on the CMS Energy website,
In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be
deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of
1934, or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933.
Investors and others should note that CMS Energy routinely posts important
information on its website and considers the Investor Relations section,
https://ift.tt/1zIN6ru, a channel of distribution.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Index 99.1 CMS Energy News Release dated July 28, 2022 99.2 CMS Energy presentation dated July 28, 2022 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).
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