JACKSON, Mich., May 15, 2025 /PRNewswire/ -- CMS Energy announced today a new corporate organizational structure to support the company's operational transformation and long-term company strategy. The new structure, including new leadership roles and business units, will take effect on July 1, 2025. "CMS Energy's future strategy, long-term ambitions and business unit roadmaps will provide safe, reliable, affordable, clean and equitable energy for our customers and prepare our company for the future. This ne ...

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CMS Energy (CMS) Q1 2025 Earnings Call April 24, 2025 06:40 PM ET Company Participants Jason Shore - Treasurer & VP of Investor RelationsGarrick Rochow - President and CEORejji Hayes - EVP & CFODurgesh Chopra - Managing DirectorConstantine Lednev - Vice President - Equity ResearchMichael Sullivan - Director - Equity ResearchAndrew Weisel - Director Conference Call Participants Jeremy Tonet - ED - Equity Research AnalystJulien Dumoulin-Smith - Research AnalystNone - AnalystTravis Miller - AnalystGregg Orrill ...

LEADING THE CLEAN ENERGY TRANSFORMATION 2025 First Quarter Results & Outlook April 24, 2025 This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time i ...

CMS Energy Corporation (NYSE:CMS) Q1 2025 Earnings Conference Call April 24, 2025 9:30 AM ET Company Participants Jason Shore - Treasurer and Vice President-Investor Relations Garrick Rochow - President and Chief Executive Officer Rejji Hayes - Executive Vice President and Chief Financial Officer Conference Call Participants Durgesh Chopra - Evercore ISI Constantine Lednev - Guggenheim Partners Jeremy Tonet - JPMorgan Julien Smith - Jefferies Michael Sullivan - Wolfe Research Alex Lerman - Morgan Stanley Tr ...

Core Viewpoint - CMS Energy Corporation reported mixed financial results for the first quarter of 2025, with earnings per share (EPS) slightly missing estimates but revenues exceeding expectations, indicating a strong operational performance despite rising expenses [1][2]. Financial Performance - EPS for Q1 2025 was $1.02, missing the Zacks Consensus Estimate of $1.05 by 2.9%, but increased by 5.2% from $0.97 in the prior-year quarter [1]. - Operating revenues reached $2.45 billion, surpassing the Zacks Consensus Estimate of $2.24 billion by 8.9%, and increased by 12.5% from $2.18 billion in the same quarter last year [1]. - Operating expenses totaled $1.95 billion, up 10.7% from the previous year [2]. - Net income was $295 million, higher than $263 million in the prior-year quarter, but below the projected $329.2 million [2]. Financial Condition - Cash and cash equivalents stood at $465 million as of March 31, 2025, compared to $103 million as of December 31, 2024 [3]. - Total debt and financial leases (excluding securitization debt) were $16.31 billion, up from $15.87 billion as of December 31, 2024 [3]. - Net cash flow from operating activities was $1 billion in Q1 2025, compared to $0.96 billion in the prior-year quarter [3]. Guidance - CMS reaffirmed its 2025 adjusted EPS guidance in the range of $3.54-$3.60, with the Zacks Consensus Estimate currently at $3.59 per share [4]. - The company also reaffirmed its long-term adjusted EPS growth target of 6-8% [4]. Industry Context - NextEra Energy reported adjusted earnings of 99 cents per share, beating estimates, but its operating revenues of $6.24 billion fell short of expectations [6]. - FirstEnergy reported operating earnings of 67 cents per share, exceeding estimates, with operating revenues of $3.77 billion surpassing consensus [7]. - Entergy is scheduled to report its Q1 2025 results on April 29, with consensus estimates indicating a 7.6% improvement in sales year-over-year [9].

CMS Energy (CMS) reported $2.45 billion in revenue for the quarter ended March 2025, representing a year- over-year increase of 12.5%. EPS of $1.02 for the same period compares to $0.97 a year ago. Here is how CMS Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for CMS Energy here>>> Shares of CMS Energy have returned +0.3% over the past month versus the Zacks S&P 500 composite's -5.1% change. The ...

Financial Performance - CMS Energy reported earnings per share of $1.01 for Q1 2025, up from $0.96 in Q1 2024, with adjusted EPS at $1.02 compared to $0.97 in the previous year[1][2][12]. - The company reaffirmed its 2025 adjusted EPS guidance of $3.54 to $3.60, with long-term adjusted EPS growth projected at 6% to 8%[2][3]. - Operating revenue for Q1 2025 was $2.447 billion, an increase from $2.176 billion in Q1 2024, while operating income rose to $494 million from $412 million[12]. - Net income attributable to CMS Energy was $304 million for Q1 2025, compared to $287 million in Q1 2024, reflecting a year-over-year increase[12]. - The company reported net cash provided by operating activities of $1 billion for Q1 2025, compared to $956 million in Q1 2024[17]. Balance Sheet - Cash and cash equivalents increased to $465 million as of March 31, 2025, up from $103 million at the end of 2024[14]. - CMS Energy's total assets as of March 31, 2025, were $36.295 billion, an increase from $35.920 billion at the end of 2024[14]. - Current liabilities decreased to $1.920 billion as of March 31, 2025, down from $2.261 billion at the end of 2024[14]. Operational Goals - The company emphasized continued progress on customer investment projects in its electric and gas systems, supporting its operational and financial goals for 2025[3]. - Management views adjusted earnings as a key measure of the company's operating financial performance, using it for external communications with analysts and investors[20].

Core Insights - CMS Energy reported earnings per share of $1.01 for Q1 2025, an increase from $0.96 in Q1 2024, with adjusted earnings per share at $1.02 compared to $0.97 in the previous year [1][2][8] - The company reaffirmed its 2025 adjusted earnings guidance of $3.54 to $3.60 per share, with a long-term adjusted EPS growth target of 6 to 8 percent [2][3] - The CEO highlighted operational and financial progress, supported by a favorable electric rate case outcome and ongoing investments in electric and gas systems [3] Financial Performance - Operating revenue for Q1 2025 was $2.447 billion, up from $2.176 billion in Q1 2024 [7] - Operating expenses increased to $1.953 billion from $1.764 billion, resulting in operating income of $494 million, compared to $412 million in the prior year [8] - Net income attributable to CMS Energy was $304 million, up from $287 million, with diluted earnings per share at $1.01 compared to $0.96 [8][13] Cash Flow and Balance Sheet - Cash and cash equivalents increased to $465 million as of March 31, 2025, from $103 million at the end of 2024 [9] - Total assets rose to $36.295 billion from $35.920 billion, while total liabilities and equity also increased to $36.295 billion [9][10] - Net cash provided by operating activities was $1 billion, compared to $956 million in the previous year, while net cash used in investing activities rose to $918 million from $637 million [12]

Core Viewpoint - CMS Energy Corp. is expected to report its first-quarter 2025 results on April 24, with a focus on various factors influencing its performance, including weather conditions and revenue expectations [1][6]. Group 1: Weather Impact - The service areas of CMS experienced below-normal temperatures and moderate-to-heavy snowfall in the first two months of the quarter, likely increasing electricity demand for heating [2]. - However, above-normal temperatures in March may have reduced electricity demand, potentially moderating the overall revenue impact for the January-March 2025 quarter [3]. Group 2: Revenue and Earnings Expectations - The Zacks Consensus Estimate for CMS's sales is $2.29 billion, indicating a year-over-year growth of 5.4% [6]. - The consensus estimate for earnings is $1.11 per share, reflecting a year-over-year increase of 14.4% [6]. - Recent favorable rate hikes and cost reduction initiatives are expected to positively influence overall revenues and earnings [4]. Group 3: Operational Challenges - Severe weather conditions, such as an ice storm, may have caused infrastructure damage, leading to increased service restoration expenses that could negatively impact the bottom line [5]. Group 4: Earnings Prediction Model - The current model does not predict a definitive earnings beat for CMS, with an Earnings ESP of -5.75% and a Zacks Rank of 2 (Buy) [7][8].