CMS Energy Reports Q2 2026 Results, Includes Adjusted Earnings Reconciliation

What Happened

• On July 28, 2026, CMS Energy Corporation announced its 2026 second-quarter results via a News Release filed as Exhibit 99.1 to the Form 8-K. The release includes non‑GAAP financial measures (referred to as “adjusted earnings”) and a reconciliation to the most directly comparable GAAP measures. Management says it uses adjusted earnings for external communications and internal performance assessment, and notes that adjusted earnings are supplemental to — not a substitute for — reported (GAAP) earnings. Because CMS Energy cannot estimate the impact of certain potential line items, the filing does not include reported earnings guidance or a reconciliation for comparable future periods. All references to net income in the release refer to net income available to common stockholders and earnings per share are on a diluted basis.

Key Details

• Filing date: July 28, 2026; quarter covered: Q2 2026.
• News Release is furnished as Exhibit 99.1; a related presentation is furnished as Exhibit 99.2.
• Exhibit 99.1 includes non‑GAAP adjusted earnings and a reconciliation to GAAP.
• CMS will not provide reported earnings guidance for future periods in the release because it cannot estimate the impact of potential items (examples cited: asset sales, impairments, restructuring, tax or regulatory changes, mark‑to‑market items, and certain interest expense recognition).

Why It Matters

• Investors should review the news release and presentation for the company’s official Q2 results and the adjusted-earnings reconciliation so they can compare CMS Energy’s operating view to GAAP results. The company’s emphasis on adjusted earnings — and its decision not to provide reported earnings guidance for future periods — highlights that one-time or non‑operational items can materially affect reported earnings. The reconciliation in Exhibit 99.1 helps understand which items were excluded from adjusted figures and why those adjustments were made.