CMS Energy(US:CMS)2025-04-24 10:44Financial 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].