CMS Energy Q1 EPS Climbs 9% to $1.10; Reaffirms $3.83–$3.90 2026 Guidance
CMS Energy posted first-quarter diluted EPS of $1.10, up from $1.01 year-over-year, and adjusted EPS of $1.13 versus $1.02. The company reaffirmed 2026 adjusted EPS guidance of $3.83 to $3.90 and projected 6-8% long-term adjusted EPS growth.
1. Q1 Financial Results
CMS Energy reported first-quarter diluted EPS of $1.10, up from $1.01 in the prior year, with adjusted EPS rising to $1.13 from $1.02. Operating revenue increased to $2.73 billion, while net income available to common stockholders reached $338 million versus $302 million in Q1 2025.
2. Guidance and Outlook
The company reaffirmed its full-year 2026 adjusted EPS guidance range of $3.83 to $3.90 and maintained a long-term adjusted EPS growth target of 6% to 8%, citing strong operational execution and momentum across its business segments.
3. Balance Sheet and Cash Flow
As of March 31, total assets stood at $40.3 billion with debt and finance leases at $18.5 billion. Net cash provided by operating activities was $705 million, offset by $1.07 billion used in investing activities, resulting in a net cash decrease of $352 million for the quarter.
4. Upcoming Webcast Details
CMS Energy will hold a webcast on April 28 at 10:00 a.m. EDT to discuss first-quarter results and provide a business and financial outlook. Investors can access the presentation via the Events and Presentations section on the company’s website.