LEADING THE CLEAN ENERGY TRANSFORMATION 2025 Year-End Results & Outlook February 5, 2026 This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in C ...

Core Insights - CMS Energy reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and showing an increase from $0.87 per share a year ago, resulting in an earnings surprise of +1.28% [1] - The company achieved revenues of $2.23 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 5.92%, compared to $1.99 billion in the same quarter last year [2] - CMS Energy has outperformed the S&P 500 with a share price increase of about 2.4% since the beginning of the year, while the S&P 500 gained 0.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $2.49 billion, and for the current fiscal year, it is $3.85 on revenues of $8.81 billion [7] - The estimate revisions trend for CMS Energy was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Utility - Electric Power industry, to which CMS Energy belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - CMS Energy has increased its quarterly dividend to 57 cents per share, reflecting a strong commitment to its strategy and providing an annualized yield of 3.2% based on the recent stock price [1][2]. Group 1: Dividend Information - The quarterly dividend has been raised from 54.25 cents to 57 cents per share [1]. - The annualized dividend now stands at $2.28 per share [2]. - The first quarter dividend is payable on February 27, 2026, to shareholders of record as of February 17, 2026 [1]. Group 2: Company Overview - CMS Energy is a Michigan-based energy company, with Consumers Energy as its primary business and additional independent power generation operations [3].

U.S. utility CMS Energy on Thursday raised its current-year profit forecast on the back of soaring power demand, led by growing residential, commercial and data center growth. ...

Exhibit 99.1 CMS Energy Exceeds Earnings Guidance in 2025, Raises 2026 Adjusted EPS Guidance JACKSON, Mich., Feb. 5, 2026 – CMS Energy announced today reported earnings per share of $3.53 for 2025, compared to $3.33 per share for 2024. The company's adjusted earnings per share for 2025 were $3.61, compared to $3.34 per share for 2024, exceeding the guidance range largely due to outperformance at NorthStar Clean Energy. CMS Energy also increased its annual dividend by 11 cents per share to $2.28 for 2026, th ...

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]

Wall Street analysts forecast that CMS Energy (CMS) will report quarterly earnings of $0.94 per share in its upcoming release, pointing to a year-over-year increase of 8.1%. It is anticipated that revenues will amount to $2.1 billion, exhibiting an increase of 5.8% compared to the year-ago quarter.The current level reflects an upward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...

Wall Street expects a year-over-year increase in earnings on higher revenues when CMS Energy (CMS) reports results for the quarter ended December 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 5, might help the stock move higher if these key numbers are better than expectat ...

Core Insights - CMS Energy Corporation's strong focus on infrastructure modernization and renewable energy investments is likely to support its performance, complemented by the stability of its regulated utility operations in Michigan [1] Group 1: Company Strengths - CMS Energy benefits from stable and regulated utility operations in Michigan, with over 95% of its earnings derived from these low-risk, stable revenue streams [2][8] - The company plans to invest $20 billion in capital expenditures through 2029 to upgrade infrastructure and enhance clean power generation, thereby improving customer reliability and resiliency [3][8] - CMS aims to add 9 GW of solar and 4 GW of wind capacity to its generation portfolio over the next two decades, along with over 850 MW of battery storage by 2030 [4] Group 2: Challenges Faced by CMS - CMS incurs significant costs related to the construction, operation, and closure of solid waste disposal facilities for coal ash, with estimated capital expenditures of $240 million from 2025 through 2029 to comply with regulations [5][8] Group 3: Industry Trends - The shift to renewable energy is prompting electric utilities in the U.S. to evolve, with companies like CMS, Alliant Energy, PPL Corp., and Dominion Energy focusing on expanding their renewable portfolios [6] - Other utilities are also making substantial investments in renewable energy and infrastructure, with Alliant Energy planning $13.4 billion in capital expenditures from 2026 to 2029 [7][10]

In his 1949 classic The Intelligent Investor, the father of value investing, Benjamin Graham, laid out a framework that prioritized financial stability and long-term reliability. One of the most memorable quantitative benchmarks was the requirement for a company toScott Kaufman, aka Treading Softly, learned about investing firsthand from over a decade of financial sector experience. He is the lead analyst for Dividend Kings providing actionable insight into high quality dividend growing and undervalued oppo ...