CMS Energy Q4 EPS Rises 9.2% to $0.95, Revenues Climb 12.3% to $2.23B

CMSCMS

CMS Energy delivered Q4 2025 EPS of $0.95, surpassing estimates by 1.3% and up 9.2% from prior-year. Operating revenues rose 12.3% to $2.23 billion, beating forecasts by 5.9% thanks to higher utility rates and volume growth.

1. Q4 Financial Results

CMS Energy posted adjusted EPS of $0.95 for Q4 2025, beating the consensus estimate by 1.3%. The company generated $2.23 billion in operating revenues, exceeding forecasts by 5.9%.

2. Year-over-Year Drivers

Year-over-year revenue growth of 12.3% and EPS growth of 9.2% were driven by increased electric and gas sales volumes alongside rate adjustments in key service territories.

Sources

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