CMS ENERGY CORP 8-K

What Happened On April 28, 2026, CMS Energy Corporation announced its 2026 first-quarter results via a News Release (filed as Exhibit 99.1) and an accompanying presentation (Exhibit 99.2). The Company disclosed certain non‑GAAP financial measures (adjusted earnings) and provided reconciliations to the most directly comparable GAAP measures in the News Release. The filing states management uses adjusted earnings for external communications and internal performance assessment, and that adjusted amounts are supplemental to, not a substitute for, reported (GAAP) earnings.

Key Details

• Date filed: April 28, 2026; News Release attached as Exhibit 99.1 and presentation as Exhibit 99.2.
• Exhibit 99.1 contains non‑GAAP measures and reconciliations and clarifies that references to "net income" mean net income available to common shareholders and EPS are on a diluted basis.
• The Company did not provide reported (GAAP) earnings guidance for future periods, saying it cannot reliably estimate the impact of potential items (e.g., asset sales, impairments, restructuring, tax or regulatory adjustments, mark‑to‑market items).
• The filing also cites Regulation FD disclosure (the News Release information is incorporated for that purpose).

Why It Matters Investors should review the attached News Release and presentation for the specific quarterly figures and reconciliations between GAAP and adjusted results. CMS Energy’s emphasis on adjusted earnings means analysts and management may highlight those metrics when discussing performance, so compare both GAAP and non‑GAAP results to get a full picture. The lack of forward GAAP earnings guidance signals the company cannot predict the impact of certain one‑time or variable items on future reported results, which can affect forecasting and valuation models.