Core Points - The Centers for Medicare & Medicaid Services (CMS) has granted transitional pass-through (TPT) payment for the Medtronic Symplicity Spyral renal denervation (RDN) catheter, effective January 1, 2025, for up to three years [1][2][3] - The TPT program aims to enhance patient access to innovative healthcare technologies by reducing cost barriers for healthcare systems [3] - The Medtronic Symplicity Spyral RDN System, approved by the FDA in November 2023, is a minimally invasive procedure that targets overactive nerves near the kidneys to help lower blood pressure [4][5] Company Overview - Medtronic plc is a leading global healthcare technology company headquartered in Galway, Ireland, with a mission to alleviate pain, restore health, and extend life [6] - The company employs over 95,000 people across more than 150 countries and offers technologies that treat 70 health conditions, including cardiac devices and surgical tools [6] - The Symplicity Spyral RDN System is part of a comprehensive clinical program studying renal denervation in various patient populations, with over 25,000 patients treated globally [5]

Core Insights - HeartCore Enterprises, Inc. corrected its projected sales growth from 115% to 15% for its software business due to a misstatement in a previous press release [1] Company Overview - HeartCore Enterprises is headquartered in Tokyo, Japan, and specializes in enterprise software and consulting services [2] - The company offers Software as a Service (SaaS) solutions and data analytics services to enhance customer experiences for enterprise clients [2] - HeartCore's customer experience management platform includes various systems for marketing, sales, service, and content management [2] - The company also provides digital transformation services, including robotics process automation and process mining [2] - HeartCore assists Japanese companies in going public in the U.S. through its GO IPOSM consulting services [2]

Core Insights - CMS Energy reported $1.74 billion in revenue for Q3 2024, a year-over-year increase of 4.2%, with an EPS of $0.84 compared to $0.61 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.83 billion, resulting in a surprise of -4.86%, while the EPS exceeded expectations by +7.69% against a consensus estimate of $0.78 [1] Financial Performance Metrics - NorthStar Clean Energy's operating revenue was $82 million, below the four-analyst average estimate of $107.54 million, reflecting a year-over-year change of +5.1% [3] - Consumers Energy (Electric+Gas) reported operating revenue of $1.66 billion, slightly below the four-analyst average estimate of $1.73 billion, with a year-over-year change of -0.7% [3] - NorthStar Clean Energy reported a net loss of $11 million, significantly lower than the average estimate of $18.63 million from two analysts [3] Stock Performance - CMS Energy's shares have returned -1.6% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]

Financial Data and Key Metrics Changes - For the first nine months of 2024, the company reported adjusted earnings per share (EPS) of $2.47, an increase of $0.41 compared to the same period in 2023, primarily driven by favorable outcomes in electric and gas rate cases [20][24]. - The company reaffirmed its full-year guidance range for 2024 at $3.29 to $3.35 per share, with a bias towards the high end, and initiated guidance for 2025 at $3.52 to $3.58 per share, reflecting 6% to 8% growth off the midpoint of the 2024 range [21][35]. Business Line Data and Key Metrics Changes - The company experienced a favorable variance of $0.10 per share due to better weather conditions in Q3 2024 compared to the previous year, which positively impacted the electric business [25]. - Rate relief net of investment costs contributed $0.18 per share to the positive variance, stemming from constructive outcomes in the electric rate order and benefits from the previous gas rate case settlement [26]. Market Data and Key Metrics Changes - The company noted a significant economic development tailwind in Michigan, with over 6 gigawatts of load looking to either move to or expand in the state, 60% of which is manufacturing [15]. - The company highlighted a manufacturing renaissance in Michigan, driven by onshoring and state attributes, which is expected to bring jobs and commercial activity [13]. Company Strategy and Development Direction - The company is focused on a $7 billion electric reliability roadmap aimed at improving reliability performance and resilience through targeted investments in the electric grid [10]. - The upcoming renewable energy plan (REP) will detail clean energy investments and plans to meet targets set by Michigan's clean energy law, which is expected to provide a strong tailwind for the company [9]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver 6% to 8% EPS growth, supported by favorable regulatory outcomes and a strong economic development pipeline [62][67]. - The management team emphasized the importance of proactive investments in reliability and service improvements, which are expected to lower costs for customers [52][106]. Other Important Information - The company has completed all planned financings for the year ahead of schedule, ensuring ample liquidity for future needs [38]. - The company is working collaboratively with the commission to potentially establish a new tariff structure for data centers to ensure residential customers are not subsidizing these operations [48]. Q&A Session Summary Question: Data center demand and grid capacity - Management confirmed that Michigan has the electric infrastructure to support data centers and is working closely with them to meet their load ramp-up timelines [44][46]. Question: Storm and resiliency audits - Management indicated that the findings from the Liberty audit will be incorporated into the five-year reliability plan, enhancing capital investments for better service [51][97]. Question: NorthStar and capacity auctions - Management noted that the NorthStar business continues to perform well, with strength in capacity and energy markets, securing contracts above expectations [56]. Question: Renewable Energy Plan (REP) and sales growth - Management confirmed that the REP will reflect visibility in sales growth from data centers and manufacturing, driving additional renewable assets [91][93]. Question: Cost increases in insurance and IT - Management explained that higher costs in insurance and IT were trending ahead of budget, necessitating adjustments in funding for the year [84][86].

Core Viewpoint - CMS Energy Corporation reported strong third-quarter 2024 earnings, with EPS of 84 cents, exceeding estimates and showing significant year-over-year growth [1] Revenue Performance - Operating revenues reached $1.74 billion, falling short of the Zacks Consensus Estimate of $1.83 billion by 4.9%, but increased by 4.2% year-over-year [2] Operational Performance - Operating expenses were $1.38 billion, a decrease of 1.9% from the previous year [3] - Net income for the quarter was $253 million, up from $176 million year-over-year, surpassing the projected $232 million [3] - Interest charges amounted to $178 million, reflecting an 8.5% increase from the prior year [3] Financial Condition - Cash and cash equivalents stood at $412 million as of September 30, 2024, compared to $227 million at the end of 2023 [4] - Total debt and financial leases were $15.45 billion, up from $14.86 billion at the end of 2023 [4] - Cash generated from operating activities in the first nine months of 2024 was $1.97 billion, compared to $1.90 billion in the same period last year [4] 2024 Guidance - The company reaffirmed its 2024 adjusted EPS guidance of $3.29-$3.35, with the Zacks Consensus Estimate at $3.33, aligning closely with the midpoint of the guidance [5] 2025 Guidance - CMS Energy introduced its adjusted earnings guidance for 2025, expecting EPS in the range of $3.52-$3.58, while the Zacks Consensus Estimate is at $3.60, above the company's range [6] Zacks Rank - CMS Energy currently holds a Zacks Rank 4 (Sell) [7]

Third Quarter 2024 Results & Outlook October 31, 2024 CMS ENERGY 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 in CMS Energy's and Consumer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | --- | --- | --- | --- | |---------------------|-------|----------------------------------------------------------------------------- ...

CMS Energy (CMS) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this energy company would post earnings of $0.63 per share when it actually produced earnings of $0.66, delivering a surprise of 4.76%.Over the last four quarters, the company h ...

Exhibit 99.1 CMS Energy Announces Third Quarter Results, Introduces 2025 Guidance JACKSON, Mich., Oct. 31, 2024 – CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the ...

JACKSON, Mich., Oct. 31, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the same timeframe in 2023. The company's adjusted earnings per share o ...