Additionally, to advance its environmental stewardship in Michigan and to minimize the impact of future regulations, Consumers set the following goals for the five-year period 2023 through 2027: For the three months ended March 31, 2024, CMS Energy's net income available to common stockholders was $285 million, and diluted EPS were $0.96. This compares with net income available to common stockholders of $202 million and diluted EPS of $0.69 for the three months ended March 31, 2023. In 2024, gas and electri ...

CMS Energy (CMS) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.43%. A quarter ago, it was expected that this energy company would post earnings of $1.04 per share when it actually produced earnings of $1.05, delivering a surprise of 0.96%.Over the last four quarters, the company h ...

[CMS Energy Q1 2024 Earnings Release](index=1&type=section&id=CMS%20Energy%20Q1%202024%20Earnings%20Release) [Financial Highlights and Outlook](index=1&type=section&id=Financial%20Highlights%20and%20Outlook) The company reported strong Q1 2024 results with significant EPS growth and reaffirmed its full-year guidance Q1 Earnings Per Share Comparison | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Reported EPS | $0.96 | $0.69 | | Adjusted EPS | $0.97 | $0.70 | - The company reaffirmed its 2024 adjusted earnings guidance of **$3.29 to $3.35 per share** and its long-term adjusted EPS growth target of **6% to 8%**[7](index=7&type=chunk) - Key drivers for the improved Q1 performance were **higher weather-normalized sales** and **lower storm restoration costs**[7](index=7&type=chunk) - CEO Garrick Rochow expressed confidence in meeting full-year guidance and highlighted progress in the **electric Reliability Roadmap** and **clean energy transformation**[7](index=7&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) The company's Q1 2024 statements show lower operating revenue but higher net income, asset growth, and a decline in operating cash flow [Consolidated Statements of Income](index=3&type=section&id=Consolidated%20Statements%20of%20Income) Despite a decrease in operating revenue, lower operating expenses drove a substantial increase in operating and net income for Q1 2024 Q1 2024 vs Q1 2023 Income Statement (In Millions, Except Per Share) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Operating Revenue | $2,176 | $2,284 | | Operating Income | $412 | $314 | | Net Income Available to Common Stockholders | $285 | $202 | | Diluted Earnings Per Share | $0.96 | $0.69 | [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets and common stockholders' equity increased as of March 31, 2024, compared to year-end 2023 Balance Sheet Comparison (In Millions) | Metric | As of 3/31/24 | As of 12/31/23 | | :--- | :--- | :--- | | Total Assets | $33,901 | $33,517 | | Total Debt and Finance Leases | $15,019 | $14,856 | | Common Stockholders' Equity | $7,722 | $7,320 | [Consolidated Statements of Cash Flows](index=4&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased year-over-year, while the company ended the quarter with a significantly higher cash balance Cash Flow Summary (In Millions) | Metric | Three Months Ended 3/31/24 | Three Months Ended 3/31/23 | | :--- | :--- | :--- | | Net cash provided by operating activities | $956 | $1,040 | | Net cash used in investing activities | $(637) | $(651) | | Net cash provided by financing activities | $294 | $27 | | End of Period Cash and Cash Equivalents | $861 | $598 | [Reconciliation of GAAP to Non-GAAP Measures](index=5&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) The company reconciled GAAP net income to a higher non-GAAP adjusted net income for Q1 2024 by excluding certain restructuring and optimization costs Q1 GAAP to Non-GAAP Reconciliation (In Millions, Except Per Share) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Income Available to Common Stockholders (GAAP) | $285 | $202 | | Reconciling Items (net) | $3 | $2 | | **Adjusted Net Income (Non-GAAP)** | **$288** | **$204** | | Diluted EPS (GAAP) | $0.96 | $0.69 | | **Adjusted EPS (Non-GAAP)** | **$0.97** | **$0.70** | [Important Disclosures](index=2&type=section&id=Important%20Disclosures) The report clarifies the use of non-GAAP measures for performance assessment and includes a standard forward-looking statement disclaimer - The company uses non-GAAP measures like adjusted earnings for internal performance assessment and external communication with analysts and investors, viewing them as a **key measure of operating financial performance**[3](index=3&type=chunk)[10](index=10&type=chunk) - The news release contains forward-looking statements subject to risks and uncertainties that could cause results to differ materially and advises investors to consider risk factors detailed in the company's **SEC filings**[3](index=3&type=chunk)

JACKSON, Mich., April 25, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.96 for the first quarter of 2024, compared to $0.69 per share for 2023. The company's adjusted earnings per share for the first quarter were $0.97, compared to $0.70 per share for 2023 primarily due to higher weather-normalized sales and lower storm restoration costs. CMS Energy reaffirmed its 2024 adjusted earnings guidance to $3.29 to $3.35 per share (*See below for important information about non-G ...

CMS Energy (CMS) is scheduled to release its first-quarter 2024 results on Apr 25 before market open. The company delivered an earnings surprise of 0.96% in the last reported quarter.The company holds a four-quarter average earnings surprise of 3.14%.  Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayIn the first quarter, CMS Energy’s service areas witnessed mixed weather patterns. The majority of its service areas recorded cold temperatures accompan ...

JACKSON, Mich., April 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable May 31, 2024, to shareholders of record on May 15, 2024. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE: C ...

CMS Energy Corp.’s (CMS) subsidiary, Consumers Energy, recently entered into a partnership agreement with Walmart Inc. to supply clean energy to 44 Walmart locations in Michigan. This should boost CMS Energy’s footprint in the rapidly expanding renewable energy market.Per the deal, Walmart has agreed to meet 90% of the energy consumption at its 44 stores with renewable energy sourced from future projects developed by Consumers Energy in Michigan.CMS’ Transition in Energy SpaceAmid increasing electricity dem ...

JACKSON, Mich., April 11, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS) and Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty solutions, today announced that American Water Resources LLC, an OHS company, has officially acquired and completed the purchase of the Consumers Energy Appliance Service Plan (ASP) business, a leading provider of appliance protection and related services. "We are thrilled to finalize the sale of the Appliance Se ...

JACKSON, Mich., April 4, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2024 first quarter results along with a business and financial outlook at 9:30 a.m. EDT on Thursday, April 25, 2024. A webcast of the presentation will be available on CMS Energy's website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days on CMS Energy's website in the "Investor Relations" section. CMS Energy (NYSE: CMS) is a Michigan-based ene ...

JACKSON, Mich., March 14, 2024 /PRNewswire/ -- The Consumers Energy Foundation announced today the top 10 finalists for the Put Your Town on the Map Competition, which will provide $50,000 in grant funding for three projects to help small communities in Michigan grow and thrive. "The Consumers Energy Foundation has been proud to sponsor this competition since its inception, as every year we're able to provide funding for placemaking projects that enhance Michigan's small towns as great places to live," said ...