CMS Energy Q3 adjusted EPS beats estimates
CMS•CMS Energy reported Q3 adjusted EPS of $1.44, above the $1.35 consensus, while revenue of $2.18 billion missed the $2.23 billion estimate. It reaffirmed 2026 and 2027 adjusted EPS guidance and reported a $91 million net loss.
1. Quarterly results
CMS Energy reported Q3 adjusted EPS of $1.44, beating the $1.35 analyst consensus, while operating revenue of $2.18 billion missed the $2.23 billion estimate. GAAP EPS was $0.39, and the company reported a $91 million net loss. It said impairment and restructuring at NorthStar Clean Energy affected GAAP results.
2. Earnings outlook
CMS Energy reaffirmed 2026 adjusted EPS guidance of $3.83 to $3.90 and maintained 2027 guidance of $4.08 to $4.17. The company continues to target long-term adjusted EPS growth of 6% to 8%.
