The earnings call highlighted CMS Energy's strong financial performance and positive regulatory environment, with significant growth prospects from new data center agreements. However, the company faced challenges with increased vegetation management costs and a temporary outage at the Dearborn facility. Overall, the positive aspects and future growth potential outweigh these challenges.

Company Guidance -

Q3 2025

During the CMS Energy 2025 Second Quarter Results call, the company provided robust guidance, highlighting a significant agreement with a new data center expected to add up to 1 gigawatt of load, contributing to their 9-gigawatt pipeline. They anticipate a long-term annual sales growth of 2% to 3%, excluding the data center's full integration. Financially, CMS Energy reaffirmed its full-year guidance with an adjusted EPS range of $3.54 to $3.60, and a long-term growth outlook of 6% to 8%. The company also discussed potential investment opportunities totaling over $25 billion, beyond their 5-year plan, driven by the need for additional storage and gas capacity. A positive regulatory environment was underscored by a $460 million electric rate case filing and an 80% approval of their revised gas case ask. CMS Energy also addressed their minimal exposure to the auto industry and diverse supply chain strategies, further enhancing their strategic resilience.

Agreement with New Data Center

CMS Energy announced a new agreement with a data center expected to add up to 1 gigawatt of load. This is part of a 9-gigawatt pipeline and represents significant growth potential for the company.

Positive Regulatory Environment

The Michigan commission approved the first-ever storm deferral for CMS Energy, indicating a supportive regulatory environment. The company is also seeing constructive outcomes in rate cases and regulatory filings.

Strong Financial Performance

CMS Energy reported adjusted earnings per share of $1.73 for the first half of 2025, ahead of budget and guidance. The company reaffirmed its full-year guidance, with expectations towards the high end of $3.54 to $3.60 per share.

Renewable Energy and Tax Credits

CMS Energy's renewable projects are well positioned to receive full production and investment tax credits. This de-risks $4.5 billion of capital in the 5-year plan and ensures full transferability of tax credits.

CMS Energy (CMS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.86 / -	0.84	―	―	―
Jul 31, 2025	2025 (Q2)	0.68 / 0.71	0.66	7.58% (+0.05)
Apr 24, 2025	2025 (Q1)	1.01 / 1.02	0.97	5.15% (+0.05)
Feb 06, 2025	2024 (Q4)	0.87 / 0.87	1.05	-17.14% (-0.18)
Oct 31, 2024	2024 (Q3)	0.78 / 0.84	0.61	37.70% (+0.23)
Jul 25, 2024	2024 (Q2)	0.62 / 0.66	0.75	-12.00% (-0.09)
Apr 25, 2024	2024 (Q1)	0.92 / 0.97	0.7	38.57% (+0.27)
Feb 01, 2024	2023 (Q4)	1.04 / 1.05	0.6	75.00% (+0.45)
Oct 26, 2023	2023 (Q3)	0.59 / 0.61	0.56	8.93% (+0.05)
Jul 27, 2023	2023 (Q2)	0.70 / 0.75	0.53	41.51% (+0.22)

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

CMS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$72.17	$73.80	+2.26%
Apr 24, 2025	$72.95	$73.58	+0.86%
Feb 06, 2025	$66.10	$67.29	+1.80%
Oct 31, 2024	$68.52	$68.03	-0.72%

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.

FAQ

When does CMS Energy (CMS) report earnings?

CMS Energy (CMS) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is CMS Energy (CMS) earnings time?

CMS Energy (CMS) earnings time is at Oct 23, 2025, Before Open (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 (Q3) is 0.86.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing