CMS Energy(US:CMS)2022-07-28 20:12Financial Performance & Outlook - CMS Energy's Q2 2022 adjusted EPS was $0.53, exceeding expectations[14] - The company's adjusted EPS guidance for 2022 is $2.85 - $2.89, indicating premium growth[14] - The annual dividend per share (DPS) is $1.84, a 10¢ increase compared to 2021[14] - CMS Energy projects an adjusted EPS growth of +6% to +8% and a DPS growth of +6% to +8%[6, 15] - The 5-year capital plan is $14.3 billion, excluding IRP upside[15] Clean Energy Transformation - CMS Energy is committed to exiting coal by 2025[13] - The company plans to add 8 GW of solar and >0.5 GW of battery storage by 2040[13] - By 2040, the company plans to add >0.5 GW of battery storage[13] Regulatory Environment & Financial Stability - Michigan's regulatory environment is considered top-tier, supporting timely recovery of investments and constructive ROEs[7, 9, 10] - Consumers Energy plans to issue $800 million in First Mortgage Bonds in 2022[23] - The company has >$2.5 billion in net liquidity[24] Cost Savings & Risk Mitigation - CMS Energy has identified >$200 million in future cost savings through productivity initiatives[65] - The company is de-risking inflationary pressures through various measures, including Campbell coal unit retirements (>$90 million adj O&M savings)[44, 69]