CMS Energy(US:CMS) ZACKS·2026-02-05 15:21Core Insights - CMS Energy Corporation (CMS) reported fourth-quarter 2025 earnings per share (EPS) of 95 cents, exceeding the Zacks Consensus Estimate of 94 cents by 1.3% and reflecting a 9.2% increase from 87 cents in the prior-year quarter [1][7] - For the full year 2025, CMS reported adjusted earnings of $3.61 per share, up from $3.34 in 2024, driven by strong performance at NorthStar Clean Energy [1][7] CMS' Revenues - Operating revenues for the fourth quarter totaled $2.23 billion, surpassing the Zacks Consensus Estimate of $2.11 billion by 5.9% and increasing 12.3% from $1.99 billion in the prior-year quarter [2] - Total revenues for 2025 reached $8.54 billion, higher than $7.52 billion in 2024 [2] Operational Performance of CMS - Operating expenses amounted to $1.8 billion, reflecting a 14.4% increase from the year-ago quarter [3] - Operating income was reported at $435 million, slightly up from $425 million in the prior-year quarter [3] - Interest charges totaled $201 million, an increase of 11.7% from the previous year [3] Financial Condition of CMS - As of December 31, 2025, CMS had cash and cash equivalents of $509 million, compared to $103 million as of December 31, 2024 [4] - Total debt and financial leases (excluding securitization debt) were $18.31 billion as of December 31, 2025, up from $15.87 billion a year earlier [4] - Net cash flow from operating activities was $2.24 billion in 2025, down from $2.37 billion in 2024 [4] CMS' 2026 Guidance - The company raised its 2026 adjusted earnings guidance to a range of $3.83-$3.90 per share, up from the previous range of $3.80-$3.87 per share [5] - The current Zacks Consensus Estimate for 2026 earnings is $3.85, which is lower than the midpoint of the company's newly guided range [5] - CMS reaffirmed its long-term adjusted EPS growth target of 6-8% [5]