Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-1.29%
$73.41
0% positive prob.
5-Day Prediction
-3.05%
$72.10
0% positive prob.
20-Day Prediction
-3.65%
$71.66
0% positive prob.
SEC 8-K filings with transcript text
Jul 28, 2026 · 100% conf.
1D
-1.29%
$73.41
Act: -0.01%
5D
-3.05%
$72.10
Act: -3.55%
20D
-3.65%
$71.66
2 tm2621427d1_ex99-1.htm
Exhibit 99.1
CMS Energy Announces Second Quarter Results, Strategic Decision on NorthStar Clean Energy Services, Introduces Guidance for 2027
JACKSON, Mich., July 28, 2026 – CMS Energy announced today reported earnings per share of $0.37 for the second quarter of 2026, compared to $0.66 per share for 2025. The company’s adjusted earnings per share for the second quarter were $0.37, compared to $0.71 per share for 2025. For the first six months of the year, the company reported $1.47 per share compared to $1.67 per share for the same timeframe in 2025. On an adjusted earnings per share basis year to date, the company reported $1.50 per share in 2026 compared to $1.73 per share in 2025.
CMS Energy also announced the completion of a strategic review at NorthStar Clean Energy, and with Board approval, the company is exiting non-utility renewables development and retaining Michigan-based assets, including Dearborn Industrial Generation (or DIG). This will simplify the business, reduce financing needs, and allow the company to focus more fully on providing regulated energy services.
CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end. CMS Energy is introducing 2027 earnings guidance of $4.08 to $4.17.
CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.
# # #
CMS Energy will hold a webcast to discuss its 2026 second quarter results and provide a business and financial outlook on Tuesday, July 28 at 10:00 a.m. (EDT). To participate in the webcast, go to CMS Energy’s homepage (cmsenergy.com) and select “Events and Presentations.”
Important information for investors about non-GAAP measures and other disclosures.
This news release contains non-Generally Accepted Accounting Principles
(non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. Management views adjusted earnings as a key measure of the company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company's reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.
This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings.
Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.
Media Contacts: Katie Carey, 517/740-1739
Investment Analyst Contact: Travis Uphaus, 517/817-9241
2
Page 1 of 3
Consolidated Statements of Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Operating revenue $1,829 $1,838 $4,559 $4,285
Operating expenses 1,565 1,521 3,805 3,474
Operating Income 264 317 754 811
Other income 75 137 150 187
Interest charges 210 199 413 385
Income Before Income Taxes 129 255 491 613
Income tax expense 33 62 118 125
Net Income 96 193 373 488
Loss attributable to noncontrolling interests (24) (8) (87) (17)
Net Income Attributable to CMS Energy 120 201 460 505
Preferred stock dividends 3 3 5 5
Net Income Available to Common Stockholders $117 $198 $455
Apr 28, 2026
2 tm2612873d1_ex99-1.htm
Exhibit 99.1
CMS Energy Announces First Quarter Results for 2026, Reaffirms 2026 Adjusted EPS Guidance
JACKSON, Mich., April 28, 2026 – CMS Energy announced today reported earnings per share of $1.10 for the first quarter of 2026, compared to $1.01 per share for 2025. The company’s adjusted earnings per share for the first quarter were $1.13, compared to $1.02 per share for 2025.
CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end.
“Strong execution in the first quarter has positioned us well for the year ahead,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “We’re building momentum across our triple bottom line in support of customers, communities and investors.”
CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.
# # #
CMS Energy will hold a webcast to discuss its 2026 first quarter results and provide a business and financial outlook on Tuesday, April 28 at 10:00 a.m. (EDT). To participate in the webcast, go to CMS Energy’s homepage (cmsenergy.com) and select “Events and Presentations.”
Important information for investors about non-GAAP measures and other disclosures.
This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. Management views adjusted earnings as a key measure of the company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company's reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.
This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings.
Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.
Media Contacts: Katie Carey, 517/740-1739
Investment Analyst Contact: Travis Uphaus, 517/817-9241
2
Page 1 of 3
Consolidated Statements of Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended
3/31/26 3/31/25
Operating revenue $2,730 $2,447
Operating expenses 2,240 1,953
Operating Income 490 494
Other income 75 50
Interest charges 203 186
Income Before Income Taxes 362 358
Income tax expense 85 63
Net Income 277 295
Loss attributable to noncontrolling interests (63) (9)
Net Income Attributable to CMS Energy 340 304
Preferred stock dividends 2 2
Net Income Available to Common Stockholders $338 $302
Diluted Earnings Per Average Common Share $1.10 $1.01
Page 2 of 3
Summarized Consolidated Balance Sheets
(Unaudited)
In Millions
As of
3/31/26 12/31/25
Assets
Current assets
Cash and cash equivalents $175 $509
Restricted cash and cash equivalents 88 106
Other current assets 2,762 2,857
Total current assets 3,025 3,472
Non-current assets
Plant, property, and equipment 31,533 30,680
Other non-current assets
5,727 5,789
Total Assets $40,285 $39,941
Liabilities and Equity
Current liabilities (1) $2,232 $2,592
Non-current liabilities (1)
8,924 8,740
Capitalization
Debt and finance leases (excluding
Feb 5, 2026
2 tm265106d1_ex99-1.htm
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, the 20th increase in as many years.
CMS Energy raised its 2026 adjusted earnings guidance to $3.83 to $3.90 from $3.80 to $3.87 per share (*See below for important information about non-GAAP measures) and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end.
“CMS Energy had a successful year delivering for all stakeholders in 2025. Our accomplishments include constructive regulatory outcomes, solid cost performance at the Utility and strong results at NorthStar,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “Our customers remain our top priority as the CMS Energy team works every day to improve reliability and affordability.”
CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.
# # #
CMS Energy will hold a webcast to discuss its 2025 year-end results and provide a business and financial outlook on Thursday, February 5, 2026 at 10:00 a.m. (EST). To participate in the webcast, go to CMS Energy’s homepage (cmsenergy.com) and select “Events and Presentations.”
Important information for investors about non-GAAP measures and other disclosures.
This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, or other items. Management views adjusted earnings as a key measure of the company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company's reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.
This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings.
Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.
Media Contacts: Katie Carey, 517/740-1739
Investment Analyst Contact: Travis Uphaus, 517/817-9241
2
Page 1 of 3
Consolidated Statements of Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Operating revenue $2,233 $1,989 $8,539 $7,515
Operating expenses 1,798 1,564 6,812 6,028
Operating Income 435 425 1,727 1,487
Other income 61 61 310 344
Interest charges 201 180 789 708
Income Before Income Taxes 295 306 1,248 1,123
Income tax expense 53 51 246 176
Net Income 242 255 1,002 947
Loss attributable to noncontrolling interests (47) (10) (69) (56)
Net Income Attributable to CMS Energy 289 265 1,071 1,003
Preferred stock dividends 3 3 10 10
Net Income Available to Common Stockholders $286 $262 $1,061 $993
Diluted Earnings Per Average Common Share $0.94 $0.87 $3.53 $3.33
Page 2 of 3
Summarized Consolidated Balance Sheets
(Unaudited)
In Millions
As of
12/31/25
12/31/24
Assets
Current assets
Cash and cash equivalents $509 $103
Restricted cash and cash equiva
This page provides CMS Energy Corporation (CMS) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on CMS's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.