CMS Energy profit falls to $117 million
- CMS Energy reported second-quarter diluted earnings per share of $0.37, down from $0.66 a year earlier.
- Quarterly operating revenue reached $1.83 billion, while net income available to common stockholders was $117 million.
- The company is exiting non-utility renewables development and introduced 2027 adjusted EPS guidance of $4.08 to $4.17.
CMS Energy (NYSE:CMS) reported second-quarter 2026 net income available to common stockholders of $117 million, with diluted earnings per share falling to $0.37 from $0.66 a year earlier.
Adjusted earnings per share also declined to $0.37 from $0.71, while operating revenue reached $1.83 billion during the quarter.
CMS Energy said it completed a strategic review of NorthStar Clean Energy and received Board approval to exit non-utility renewable energy development.
The company will retain its Michigan-based assets, including Dearborn Industrial Generation, as it simplifies its business and reduces future financing requirements.
CMS Energy reaffirmed its 2026 adjusted EPS guidance of $3.83 to $3.90 and introduced 2027 adjusted EPS guidance of $4.08 to $4.17.
CMS Energy is a Michigan-based energy company whose principal business is Consumers Energy, a regulated electric and natural gas utility.
For the first six months of 2026, CMS Energy reported operating revenue of $4.56 billion, net income available to common stockholders of $455 million and adjusted EPS of $1.50, while maintaining its long-term adjusted EPS growth target of 6% to 8%.
