CMS Energy

CMS Energy Corp. is a holding company, which engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas in Michigan. The Enterprises segment is involved in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CMS Energy posts strong earnings, boosts dividend, and eyes clean energy growth

CMS Energy's Q4 2022 earnings call highlighted robust financial performance, supported by higher sales and a positive outlook for 2023.
The company's focus on safety, reliability, and clean energy, along with cost reduction initiatives, positions it well for future growth.
Despite facing challenges like increasing equity needs and demand sensitivity, CMS Energy is leveraging opportunities in clean energy and revenue growth.

CMS Energy reports resilient Q1 performance amidst weather challenges

CMS Energy's Q1 2023 earnings call highlighted resilience in the face of weather challenges, emphasizing operational efficiency, customer service, and strategic investments in clean energy.
Despite weather-related impacts on sales volumes, the company remains focused on sustainable cost savings, system reliability enhancements, and transparent communication with stakeholders.
Opportunities for growth and innovation exist in infrastructure development, customer engagement, and regulatory compliance, positioning CMS Energy for long-term success and stakeholder value creation.

CMS Energy reports strong Q2 earnings, focuses on clean energy

CMS Energy's Q2 performance reflects progress in clean energy transformation, cost management, and strategic investments, despite operational challenges.
The company's strengths in clean energy initiatives, financial stability, and growth opportunities position them well for future success.
Addressing challenges with operational efficiency and seizing growth opportunities through infrastructure investments are key focus areas for CMS Energy.

CMS Energy meets Q3 expectations, focuses on long-term growth

CMS Energy's Q3 performance met expectations with a focus on long-term growth.
Efficiency measures and cost savings initiatives are sustaining financial strength.
Challenges like supply chain issues and regulatory updates are being actively addressed.
Opportunities in renewable energy and non-utility businesses drive future growth.

CMS Energy exceeds earnings expectations, poised for sustainable growth

CMS Energy demonstrated robust financial performance in 2023, surpassing earnings guidance and offsetting weather-related challenges, supported by a strong commitment to clean energy initiatives and sustainable growth.
The company's strategic focus on renewable energy investments, regulatory compliance, and long-term financial objectives positions it well for future growth opportunities and stakeholder value creation.
Despite facing challenges in project incorporation and cost management, CMS Energy's proactive approach to financial planning, regulatory compliance, and community engagement underscores resilience and strategic foresight in navigating industry dynamics.

CMS Energy meets Q1 earnings, poised for growth amid challenges

CMS Energy's Q1 performance met expectations, driven by key financial and operational factors.
The company's strategic strengths in modernization, clean energy, and growth support a positive outlook.
Challenges in regulatory, political, and operational fronts are being navigated with confidence and adaptability, while opportunities in clean energy and market dynamics are being actively pursued.

CMS Energy reports solid Q2 results, eyes growth opportunities ahead

CMS Energy's Q2 2024 earnings call highlighted steady financial performance, regulatory wins, and operational efficiency. Challenges from weather and potential future financing needs were acknowledged. The company is well-positioned to capitalize on growth opportunities through strategic initiatives.

CMS Energy excels in Q3 earnings, eyes clean energy growth

CMS Energy's strong financial performance and strategic investments position the company for sustainable growth and customer-centric operations.
Balancing reliability enhancements with cost efficiency and regulatory compliance will be key challenges for CMS Energy in the evolving energy landscape.
Opportunities lie in clean energy investments, industrial partnerships, and market adaptation to drive future growth and operational excellence.

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas. The NorthStar Clean Energy segment is involved in domestic independent power production including the development and operation of renewable generation and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

CMS Energy's (CMS) Consumers Energy, with the recent partnership with Muskegon Solar Energy Center, is set to deliver reliable and affordable solar energy to customers in Michigan.

CMS Energy (CMS) Arm to Build Large-Scale Solar Farm in Michigan

JACKSON, Mich. , March 14, 2024 /PRNewswire/ -- The Consumers Energy Foundation announced today the top 10 finalists for the Put Your Town on the Map Competition, which will provide $50,000 in grant funding for three projects to help small communities in Michigan grow and thrive.

Consumers Energy Foundation Announces 10 Finalists for $50,000 Put Your Town on the Map Competition

AGNC Investment

Bank of New York Mellon

Baker Hughes Co

Tapestry

This top retailer has a great niche and demographic, pays a 3.05% dividend, and JPMorgan has posted at a $56 target price.

Leading Wall Street Firm Has 5 Dividend Blue-Chips As Top 2024 Picks

NAPERVILLE, Ill. , Feb. 5, 2024 /PRNewswire/ -- Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty solutions, announced today that its affiliate American Water Resources, LLC  has entered into a definitive agreement with Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), whereby OHS will acquire the Consumers Energy Appliance Service Plan (ASP) business.

ONCOURSE HOME SOLUTIONS ANNOUNCES ACQUISITION OF CONSUMERS ENERGY APPLIANCE SERVICE PLAN BUSINESS

JACKSON, Mich. , Feb. 5, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), today announced that it has executed a definitive agreement to sell its internal business unit, the Appliance Service Plan (ASP) to Oncourse Home Solutions.

CONSUMERS ENERGY ANNOUNCES THE SALE OF ITS APPLIANCE SERVICE PLAN BUSINESS TO ONCOURSE HOME SOLUTIONS

CMS Energy (CMS) continues to reward shareholders through dividend hikes. It has been increasing dividends for 18 consecutive years.

CMS Energy (CMS) Rewards Shareholders With 5.6% Dividend Hike

Tim Sparks Retires after More Than 30 Years with the Company JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- CMS Energy and its principal subsidiary, Consumers Energy, announced today that Tim Sparks, vice president of electric supply, has retired after more than 30 years with the company.

CMS Energy Announces Finance and Electric Supply Leadership Changes

CMS Energy 5.625 % Notes 2018-15.03.78 Global

CMS Energy Corporation (CMS) Q4 2023 Earnings Call Transcript

CMS Energy's (CMS) Q4 earnings beat estimates. The company raises its 2024 guidance and benefits from a strong operating cash flow generation.

CMS Energy's (CMS) Q4 Earnings Beat, Revenues Fall Y/Y

CMS Energy (CMS) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.60 per share a year ago.

CMS Energy (CMS) Beats Q4 Earnings Estimates

JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents per share.

CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 51.50 Cents Per Share

JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022.

CMS Energy Announces Strong 2023 Results for the 21st Consecutive Year and Raises 2024 Adjusted EPS Guidance

Employees and retirees spent more than 65,000 hours volunteering across Michigan JACKSON, Mich. , Jan. 30, 2024 /PRNewswire/ -- The Consumers Energy Foundation, Consumers Energy, and its employees and retirees donated more than $11 million dollars in grants, sponsorships and other supportive funding to nonprofits and municipalities across the state in 2023, empowering organizations to better the lives of people in Michigan, to bolster prosperity for communities, and protect the planet.

Consumers Energy and Consumers Energy Foundation Donate More than $11 Million in 2023

JACKSON, Mich. , Jan. 26, 2024 /PRNewswire/ -- The Consumers Energy Foundation is calling on nonprofit organizations across the state to submit letters of intent for the 2024 Planet Awards.

Consumers Energy Foundation Planet Awards to Provide $500,000 to Environmental Projects

CMS Energy Corporation's stock price has underperformed the broader markets, but it is expected to rebound. The company operates in the energy industry and has a strong presence in Michigan, with reliable revenue generation. CMS has a history of beating EPS estimates, and the management appears confident in achieving annual EPS growth of 6-8%.

CMS Energy Corporation Looks Strong Going Into Q4 Earnings

JACKSON, Mich. , Jan. 23, 2024 /PRNewswire/ -- The Consumers Energy Foundation is calling for entries in the annual Put Your Town on the Map pitch competition, which will provide $50,000 in grant funding for three projects to help small communities in Michigan grow and thrive.

Consumers Energy Foundation to Award $50,000 for Three Small Towns in Put Your Town on the Map Competition

JACKSON, Mich. , Jan. 16, 2024 /PRNewswire/ -- With frigid cold draped across Michigan this week, Consumers Energy is highlighting programs, dollars and ways to help Michiganders lower and get help with their energy bills.

Consumers Energy Offers Tips to Help Households Reduce Winter Heating Bills and Get Help

JACKSON, Mich. , Jan. 11, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2023 year-end results along with a business and financial outlook at 9:30 a.m.

CMS Energy to Announce 2023 Year-End Results on February 1

CMS Energy (CMS), with its newly operational wind farm, continues to progress toward its clean energy goals.

CMS Energy (CMS) Commences Operations at 201MW Wind Farm

Five Wind Farms Powering 330,000 Households with Clean Energy MIDDLETON, Mich. , Jan. 2, 2024 /PRNewswire/ -- Heartland Farms Wind in Gratiot County is producing clean energy for Michigan homes and businesses, Consumers Energy announced today.

Consumers Energy Starts Operating Heartland Farms Wind in Central Michigan

Replacing aging infrastructure results in safer, more affordable natural gas JACKSON, Mich. , Dec. 19, 2023 /PRNewswire/ -- Consumers Energy is continuing its $1 billion annual investment in the company's natural gas delivery system as part of its Natural Gas Delivery Plan, resulting in miles of aging and outdated pipeline replaced every year and reducing long-term costs for customers by providing cleaner, more reliable natural gas for decades to come.

Consumers Energy Continues Billion-Dollar Natural Gas Investment to Reduce Long-Term Costs for Customers

CMS Energy Corporation is a regulated utility that serves most of Michigan, offering financial stability and resistance to economic problems. The company's stock has underperformed since August, but the entire utility sector has been a poor performer relative to other sectors. CMS Energy's growth prospects lie in increasing its rate base, and it offers a 3.50% dividend yield.

CMS Energy: High Leverage A Concern, But Company Is Strong Financially

Help for Flint neighborhoods with poor air quality, energy efficiency challenges JACKSON, Mich. , Nov. 6, 2023 /PRNewswire/ -- Consumers Energy has invested more than $1 million this year in initiatives to improve quality of life and reduce bills for customers in historically disadvantaged communities in Michigan.

Consumers Energy Spending More than $1 Million to Reduce Bills and Help People in Disadvantaged Communities

CMS Energy Corporation (NYSE:CMS ) Q3 2023 Earnings Conference Call October 26, 2023 9:30 AM ET Company Participants Sri Maddipati - Treasurer & Vice President-Finance & Investor Relations Garrick Rochow - President & Chief Executive Officer Rejji Hayes - Executive Vice President & Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Julien Dumoulin-Smith - Bank of America Merrill Lynch Shahriar Pourreza - Guggenheim Andrew Weisel - Scotiabank Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley Nicholas Campanella - Barclays Travis Miller - Morningstar Sophie Karp - KeyBanc Anthony Crowdell - Mizuho Ross Fowler - UBS Operator Good morning, everyone and welcome to the CMS Energy 2023 Third Quarter Results. The earnings news release issued earlier today and the presentation used in this webcast are available on CMS Energy's website in the Investor Relations section.

CMS Energy Corporation (CMS) Q3 2023 Earnings Call Transcript

CMS Energy's (CMS) Q3 operating revenues total $1,673 million, which lag the Zacks Consensus Estimate by 20.4%. The top line also decreases 17.3% on a year-over-year basis.

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