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CMS Energy (CMS)
NYSE:CMS
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.09Last Year’s EPS
0.97Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 4.41%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, robust investment plans, and significant achievements in customer reliability and renewable energy expansion. However, challenges such as weather-related financial headwinds and maintenance outages at key facilities were noted. The positive aspects, particularly the financial performance and future growth plans, were emphasized more prominently.Company Guidance
During the CMS Energy 2024 Year End Results call, several key metrics and guidance points were highlighted. CMS Energy achieved an adjusted earnings per share (EPS) of $3.34, which was at the high end of their guidance range for 2024. Looking ahead, the company raised its 2025 guidance to an EPS range of $3.54 to $3.60, representing a 6% to 8% growth, and continues to target the high end of this range. CMS Energy outlined a $20 billion five-year utility customer investment plan, up by $3 billion from the previous plan, to enhance customer reliability and expand its renewable energy portfolio, which includes plans for nine gigawatts of solar and four gigawatts of wind over the next two decades. The company's dividend policy remains steady, aiming for a 60% payout ratio. Additionally, CMS anticipates continued growth drivers from non-utility businesses, energy efficiency incentives, and a robust regulatory environment in Michigan. The company plans to manage its financials with up to $500 million of equity and approximately $1.3 billion in new long-term debt for 2025.Improved Customer Reliability
In 2024, CMS Energy restored power to over 93% of customers within 24 hours, compared with 87% in 2023, and the average customer experienced 21 fewer power outage minutes.
20-Year Renewable Energy Plan
CMS Energy filed a plan to incorporate nine gigawatts of solar and four gigawatts of wind over the next two decades to meet Michigan's 2023 energy law requirements.
Financial Performance
Adjusted earnings per share of $3.34 for 2024, at the high end of the guidance range. 2025 EPS guidance raised to $3.54 to $3.60, representing 6% to 8% growth.
Increased Investment Plan
Five-year $20 billion utility customer investment plan, up $3 billion from the prior plan, to support 8.5% rate-based growth through 2029.
Non-Utility Business Growth
Expecting incremental earnings from NorthStar Clean Energy, with attractive pricing from capacity and energy sold at Dearborn Industrial Generation.
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CMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $66.60 | $67.80 | +1.80% |
| Oct 31, 2024 | $69.04 | $68.55 | -0.71% |
| Jul 25, 2024 | $61.04 | $61.76 | +1.18% |
| Apr 25, 2024 | $58.42 | $58.61 | +0.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CMS Energy (CMS) report earnings?
CMS Energy (CMS) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is CMS Energy (CMS) earnings time?
CMS Energy (CMS) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMS EPS forecast?
CMS EPS forecast for the fiscal quarter 2025 (Q1) is 1.09.
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