CMS Energy & Consumers Energy File 8-K on Financial Condition

Ticker: CMS-PC · Form: 8-K · Filed: Feb 1, 2024 · CIK: 811156

Cms Energy Corp 8-K Filing Summary
FieldDetail
CompanyCms Energy Corp (CMS-PC)
Form Type8-K
Filed DateFeb 1, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.01, $1.00, $4.50
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: regulation-fd, financial-condition, subsidiary-filing

TL;DR

**CMS Energy and Consumers Energy just dropped 8-Ks on financial results, so watch for key updates.**

AI Summary

CMS Energy Corp. filed an 8-K on February 1, 2024, indicating that its subsidiary, Consumers Energy Co., also filed an 8-K on the same date. This filing primarily concerns the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' for both entities. For investors, this matters because it signals that important financial updates and potentially market-moving information for both CMS Energy and its key operating subsidiary are being released, which could impact stock valuation.

Why It Matters

This filing signals the release of crucial financial information for both CMS Energy and its subsidiary, Consumers Energy, which can directly influence investor perception and stock price.

Risk Assessment

Risk Level: low — This 8-K is a procedural filing announcing the release of information, not an event that inherently carries high risk itself.

Analyst Insight

A smart investor would review the full content of both CMS Energy's and Consumers Energy's 8-K filings from February 1, 2024, to understand the detailed financial results and disclosures, as this filing only announces their release.

Key Players & Entities

  • CMS ENERGY CORP (company) — registrant of the 8-K filing
  • CONSUMERS ENERGY CO (company) — subsidiary of CMS Energy Corp. also filing an 8-K
  • February 1, 2024 (date) — date of earliest event reported and filing date
  • 0000811156 (number) — Central Index Key (CIK) for CMS Energy Corp.
  • 0000201533 (number) — Central Index Key (CIK) for Consumers Energy Co.

FAQ

What is the primary purpose of this 8-K filing by CMS Energy Corp. on February 1, 2024?

The primary purpose of this 8-K filing by CMS Energy Corp. on February 1, 2024, is to report on 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure,' as indicated by the 'ITEM INFORMATION' sections.

Which other company is mentioned in this 8-K filing as also having filed an 8-K on the same date?

Consumers Energy Co. (CIK: 0000201533) is mentioned in this 8-K filing as also having filed an 8-K on February 1, 2024, the same date as CMS Energy Corp.

What is the Central Index Key (CIK) for CMS Energy Corp. according to this filing?

The Central Index Key (CIK) for CMS Energy Corp. is 0000811156, as stated in the 'FILER: COMPANY DATA' section.

What is the state of incorporation for both CMS Energy Corp. and Consumers Energy Co.?

Both CMS Energy Corp. and Consumers Energy Co. are incorporated in Michigan (MI), as indicated under 'STATE OF INCORPORATION' for both entities.

What specific types of junior subordinated notes are mentioned in the filing's XBRL data for CMS Energy Corp.?

The XBRL data for CMS Energy Corp. mentions 'A5.625JuniorSubordinatedNotesDue2078Member', 'A5.875JuniorSubordinatedNotesDue2078Member', and 'A5.875JuniorSubordinatedNotesDue2079Member'.

Filing Stats: 1,017 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-02-01 06:47:12

Key Financial Figures

  • $0.01 — CMS Energy Corporation Common Stock, $0.01 par value CMS New York Stock Exchan
  • $1.00 — rgy Company Cumulative Preferred Stock, $1.00 par value: $4.50 Series CMS-PB New
  • $4.50 — ative Preferred Stock, $1.00 par value: $4.50 Series CMS-PB New York Stock Exchan

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 1, 2024, CMS Energy Corporation ("CMS Energy") issued a News Release, in which it announced its 2023 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, business optimization initiative, changes in accounting principles, voluntary separation program, 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 NorthStar Clean Energy's 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

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The information set forth in the CMS Energy News Release dated February 1, 2024, attached as Exhibit 99.1, is incorporated by reference in response to this Item 7.01. CMS Energy will hold a webcast to discuss its 2023 results and provide a business and financial outlook on February 1at 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, www.cmsenergy.com. 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, www.cmsenergy.com/investor-relations, a channel of distribution.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Index 99.1 CMS Energy News Release dated February 1, 2024 99.2 CMS Energy presentation dated February 1, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. CMS ENERGY CORPORATION Dated: February 1, 2024 By: /s/ Rejji P. Hayes Rejji P. Hayes Executive Vice President and Chief Financial Officer CONSUMERS ENERGY COMPANY Dated: February 1, 2024 By: /s/ Rejji P. Hayes Rejji P. Hayes Executive Vice President and Chief Financial Officer

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