CMS Energy Announces Third Quarter Results, Reaffirms 2026 and 2027 Adjusted EPS Guidance
Key Highlights
- ➤Q3 adjusted EPS $1.44, up from $0.93 in 2025
- ➤Q3 GAAP EPS $0.39, down from $0.92 in 2025
- ➤2026 adjusted EPS guidance reaffirmed at $3.83-$3.90
- ➤2027 adjusted EPS guidance reaffirmed at $4.08-$4.17
- ➤Long-term adjusted EPS growth outlook remains 6%-8%, confidence toward high end
Expert Statements
Garrick Rochow, President and CEO of CMS Energy and Consumers Energy
“I'm pleased with the progress in the restructuring of NorthStar Clean Energy. This restructuring further strengthens our utility-focused business model, enhances earnings quality, provides greater financial flexibility, and positions us to make the long-term utility investments needed to serve our customers and grow our communities.”
CMS Energy Announces Third Quarter Results, Reaffirms 2026 and 2027 Adjusted EPS Guidance PR Newswire
JACKSON, Mich., Oct. 27, 2026 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.39 for the third quarter of 2026, compared to $0.92 per share for 2025. The company's adjusted earnings per share for the third quarter were $1.44, compared to $0.93 per share for 2025. Both the quarter and year-to-date GAAP results reflect asset impairment and restructuring activities associated with NorthStar Clean Energy. For the first nine months of the year, the company reported $1.86 per share, compared to $2.59 per share for the same timeframe in 2025. On an adjusted earnings per share basis year to date, the company reported $2.95 per share in 2026, compared to $2.66 per share in 2025.
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