CMS Energy reveals $2.18 Billion in Q3 revenue
Key points
- CMS Energy (NYSE:CMS) reported third-quarter 2026 adjusted earnings of $1.44 per share, up from $0.93 a year earlier, despite restructuring-related charges.
- GAAP diluted earnings fell to $0.39 per share from $0.92, while operating income dropped to $47 million from $481 million.
- CMS maintained its 2026 adjusted earnings forecast of $3.83–$3.90 per share and its 2027 forecast of $4.08–$4.17 per share.
CMS Energy (NYSE:CMS) reported third-quarter 2026 adjusted earnings of $1.44 per share, up from $0.93 a year earlier, while reported diluted earnings fell to $0.39 per share.
Quarterly revenue increased to $2.183 billion from $2.021 billion, but operating income declined to $47 million from $481 million.
A $456 million pretax adjustment related to NorthStar Clean Energy asset impairments and restructuring activities affected reported results, while adjusted earnings exclude specified items.
For the first nine months of 2026, reported earnings fell to $1.86 per share from $2.59, while adjusted earnings increased to $2.95 from $2.66.
CMS reaffirmed its 2026 adjusted earnings guidance of $3.83–$3.90 per share and its 2027 forecast of $4.08–$4.17 per share, alongside its long-term adjusted earnings growth outlook of 6%–8%.
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