Core Insights - CMS Energy reported earnings per share of $3.53 for 2025, an increase from $3.33 in 2024, with adjusted earnings per share of $3.61 compared to $3.34 in 2024, driven by strong performance at NorthStar Clean Energy [1][2] - The company raised its annual dividend by $0.11 to $2.28 for 2026, marking the 20th consecutive annual increase [1] - CMS Energy has increased its 2026 adjusted earnings guidance to a range of $3.83 to $3.90 per share, up from the previous range of $3.80 to $3.87 [2] Financial Performance - For the year ended December 31, 2025, CMS Energy reported operating revenue of $8.539 billion, up from $7.515 billion in 2024, and operating income of $1.727 billion, compared to $1.487 billion in the previous year [7] - Net income attributable to CMS Energy for 2025 was $1.071 billion, an increase from $993 million in 2024, with diluted earnings per share rising to $3.53 from $3.33 [8][9] - The company’s total assets increased to $39.941 billion as of December 31, 2025, compared to $35.920 billion in 2024 [8] Operational Highlights - CMS Energy achieved constructive regulatory outcomes and solid cost performance at its Utility segment, alongside strong results from NorthStar [3] - The company emphasized its commitment to improving reliability and affordability for customers as a top priority [3]
CMS Energy Exceeds Earnings Guidance in 2025, Raises 2026 Adjusted EPS Guidance