CMS Energy (CMS) Q1 Earnings Beat, Revenues Decline Y/Y

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 ...