Cms Energy ( (CMS) ) has released its Q4 earnings. Here is a breakdown of the information Cms Energy presented to its investors.
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CMS Energy, a Michigan-based energy provider, primarily operates through Consumers Energy and also manages independent power generation businesses. The company announced a strong financial performance for 2024, marking the 22nd consecutive year of robust results and raising its adjusted earnings guidance for 2025.
Key financial metrics showed growth, with reported earnings per share for 2024 at $3.33, up from $3.01 in 2023, and adjusted earnings per share increasing to $3.34 from $3.11. CMS Energy also raised its annual dividend by 11 cents to $2.17 for 2025, continuing its long-standing trend of dividend increases. Notably, the company invested significantly in its electric grid, improving service reliability and attracting economic development to Michigan.
CMS Energy’s operational highlights include restoring power to over 93% of customers within 24 hours and adding over 360 megawatts of new load through its economic development initiatives. These efforts are expected to bring new jobs and investments to the region, enhancing the company’s growth prospects.
Looking ahead, CMS Energy remains optimistic, reaffirming its long-term adjusted EPS growth target of 6 to 8 percent, with expectations leaning towards the higher end. The company’s strategic investments and consistent performance underscore its commitment to delivering value to shareholders and supporting community development.
