CMS Energy Corporation (CMS) reported first-quarter 2024 adjusted earnings per share (EPS) of 97 cents, which beat the Zacks Consensus Estimate of 92 cents by 5.4%. The bottom line, however, increased 38.6% from 70 cents reported in the prior-year quarter. The year-over-year improvement can be attributed to higher weather-normalized sales and lower storm restoration costs.The company’s GAAP earnings came in at 96 cents per share compared with 69 cents in the first quarter of 2023.RevenuesOperating revenues ...

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 Announces First Quarter Results for 2024, Reaffirms 2024 Adjusted EPS Guidance Important information for investors about non-GAAP measures and other disclosures. This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales ...

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 ...