Financial Performance - CMS Energy reported a total revenue of $6.5 billion for the year ended December 31, 2023, representing a 5% increase compared to the previous year[36]. - CMS Energy's net income for 2023 was $800 million, a 10% increase from $727 million in 2022[36]. - CMS Energy's earnings per share (EPS) for 2023 was $3.20, up from $2.90 in 2022, reflecting a 10% growth[36]. - CMS Energy's consolidated operating revenue was $7.5 billion in 2024 and 2023, and $8.6 billion in 2022[46]. - Consumers' consolidated operating revenue was $7.2 billion in 2024 and 2023, and $8.2 billion in 2022[49]. - Consumers' electric utility operations generated operating revenue of $5.1 billion in 2024, up from $4.7 billion in 2023[54]. - Consumers' gas utility operations generated $2.1 billion in revenue in 2024, down from $2.4 billion in 2023 and $2.7 billion in 2022[80]. Customer Growth and Service - Consumers Energy's customer base grew by 2.5% year-over-year, reaching approximately 3.7 million customers[36]. - In 2024, Consumers served 1.9 million electric customers and 1.8 million gas customers in Michigan's Lower Peninsula[51]. - Consumers' electric deliveries were 37 billion kWh in 2024, including ROA deliveries of 4 billion kWh, compared to 36 billion kWh in 2023[56]. - Consumers' 2024 summer peak demand was 8,030 MW, including ROA demand of 603 MW[58]. Renewable Energy Initiatives - The company plans to invest $1.2 billion in renewable energy projects over the next five years, aiming for a 30% reduction in carbon emissions by 2030[36]. - The company has set a target of achieving a 50% renewable energy generation mix by 2035[36]. - Consumers aims to achieve 60% renewable energy by 2035 and 100% clean energy by 2040, proposing an addition of up to 9,000 MW of solar and 2,800 MW of wind capacity[63]. - Consumers plans to eliminate coal use in owned generation by 2025, having retired the D.E. Karn units in June 2023 and planning to retire the J.H. Campbell units in 2025[62]. - Consumers plans to retire its last coal generating unit by 2025[23]. Operational Improvements - The company is focusing on enhancing its electric distribution system reliability through its Reliability Roadmap, which includes a $500 million investment over the next five years[36]. - The Reliability Roadmap is a five-year strategy aimed at improving the electric distribution system and grid reliability, filed with the MPSC in 2023[29]. - CMS Energy has initiated a new technology development program aimed at improving energy efficiency and reducing operational costs by 15% over the next three years[36]. Regulatory and Market Environment - CMS Energy and Consumers are subject to regulatory oversight by MPSC and FERC, impacting their rates and operations[48]. - The company faces various risks including regulatory changes, economic disruptions, and supply chain issues that could affect financial performance[38]. - Regulatory changes by the MPSC and FERC could impact electric and gas rates, affecting overall financial performance[38]. - The company is monitoring energy market changes, including commodity prices and availability of resources like coal and natural gas[39]. Environmental Compliance and Goals - Consumers plans to reduce methane emissions from its natural gas delivery system by about 80% from 2012 levels by 2030[83]. - The 2023 Energy Law in Michigan mandates a renewable energy standard of 50% by 2030 and 60% by 2035, with a clean energy standard of 80% by 2035 and 100% by 2040[102]. - CMS Energy's commitment to environmental compliance includes managing coal ash and adhering to regulations from agencies like the EPA[39]. Workforce and Employee Engagement - The number of employees at CMS Energy decreased to 8,324 in 2024 from 8,356 in 2023, while Consumers' employees decreased to 8,090 from 8,144[115]. - For the year ended December 31, 2024, CMS Energy and Consumers achieved a 72% positive sentiment for employee engagement, an increase of 11 percentage points from 2023[119]. - The companies reported a 65% positive sentiment for empowerment, up 17 percentage points from 2023[119]. - The diversity, equity, and inclusion index score for the year ended December 31, 2024, was 73%[120]. - The workforce composition includes 26% female employees, 14% racially or ethnically diverse employees, 5% employees with disabilities, and 10% veteran employees[121]. - CMS Energy and Consumers have developed a comprehensive talent strategy, the People Strategy, focusing on building skill sets, cultivating a purpose-driven culture, and creating a breakthrough employee experience[118]. - The companies utilize union apprenticeship programs and yearly trainings to develop skill sets in co-workers[118]. - The companies have established seven business employee resource groups to promote diversity and inclusion[122].

Volatility has returned to Wall Street this year, with investors’ confidence getting dented by concerns over the economy’s future. President Donald Trump’s return to the White House lifted investors’ sentiment for a while, but the euphoria has faded as fears of a trade war have escalated over the past week.Given this situation, cautious investors looking for a steady income and ways to protect their capital may want to hold or buy dividend-paying stocks. Four such stocks are Hanmi Financial Corporation (HAF ...

CMS Energy Corporation (NYSE:CMS) Q4 2024 Earnings Conference Call February 6, 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 Julien Dumoulin-Smith – Jefferies Jeremy Tonet – JPMorgan Michael Sullivan – Wolfe Research Andrew Weisel – Scotiabank Nicholas Campanella – Barclays Durgesh Chopra – Evercore David A ...

2024 Year-End Results & Outlook February 6, 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 in CMS Energy's and Consumers Energy's Secur ...

CMS Energy Corporation (CMS) reported fourth-quarter 2024 earnings per share (EPS) of 87 cents, which beat the Zacks Consensus Estimate of 86 cents by 1.2%. However, the bottom line decreased 17.1% from $1.05 per share in the prior-year quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The year-over-year decline can be attributed to higher operating expenses and interest charges.CMS reported 2024 adjusted earnings of $3.34 per share, which were higher than the year-ago figure of ...

For the quarter ended December 2024, CMS Energy (CMS) reported revenue of $1.99 billion, up 2% over the same period last year. EPS came in at $0.87, compared to $1.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.14 billion, representing a surprise of -7.13%. The company delivered an EPS surprise of +1.16%, with the consensus EPS estimate being $0.86.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

CMS Energy (CMS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.16%. A quarter ago, it was expected that this energy company would post earnings of $0.78 per share when it actually produced earnings of $0.84, delivering a surprise of 7.69%.Over the last four quarters, the company h ...

JACKSON, Mich., Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 54.25 cents per share, up from 51.50 cents per share.  Based on Wednesday's closing price for CMS Energy common stock, $67.12, the dividend represents an annualized yield of 3.2 percent. The first quarter dividend for the common stock (CUSIP: 125896100) is payable Feb. 28, 2025, to shareholders of record Feb. 17, 2025. Garrick Rochow, CMS Energy's presiden ...

Exhibit 99.1 CMS Energy Announces Strong 2024 Financial Results for the 22 Consecutive Year, Raises 2025 Adjusted EPS Guidance JACKSON, Mich., Feb. 6, 2025 – CMS Energy announced today reported earnings per share of $3.33 for 2024, compared to $3.01 per share for 2023. The company's adjusted earnings per share for 2024 were $3.34, compared to $3.11 per share for 2023. CMS Energy increased its annual dividend by 11 cents per share to $2.17 for 2025, the 19 increase in as many years. CMS Energy raised its 202 ...

The upcoming report from CMS Energy (CMS) is expected to reveal quarterly earnings of $0.86 per share, indicating a decline of 18.1% compared to the year-ago period. Analysts forecast revenues of $2.14 billion, representing an increase of 9.8% year over year.The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a ...