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CMS Energy logoCMS Energy CMS

The company said its reported diluted earnings per share (GAAP) for Q3 2026 were $0.39, lower than $0.92 in the same quarter of 2025, and its adjusted earnings per share (non-GAAP) were $1.44, compared with $0.93 in the same quarter of 2025.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its reported diluted earnings per share (GAAP) for Q3 2026 were $0.39, lower than $0.92 in the same quarter of 2025, and its adjusted earnings per share (non-GAAP) were $1.44, compared with $0.93 in the same quarter of 2025.

  2. The company said its GAAP results for the quarter and year to date reflect asset impairment and restructuring activities related to NorthStar Clean Energy. These items were presented as adjustments of $1.08 per share for Q3 and $1.09 per share year to date.

  3. CMS Energy reported operating revenue of $2,183 million for Q3 2026, versus $2,021 million in 2025, and net income (loss) of $(91) million, compared with $272 million in 2025. Net income available to common stockholders was $121 million, compared with $275 million in 2025.

  4. The company said it reaffirmed its 2026 adjusted earnings per share guidance of $3.83 to $3.90 and its 2027 adjusted earnings per share guidance of $4.08 to $4.17, along with long-term adjusted EPS growth of 6 to 8%. The company said it remains confident toward the high end of its long-term growth range.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 2026 Reported EPS $0.39, Adjusted EPS $1.44

The company said its reported diluted earnings per share (GAAP) for Q3 2026 were $0.39, lower than $0.92 in the same quarter of 2025, and its adjusted earnings per share (non-GAAP) were $1.44, compared with $0.93 in the same quarter of 2025.

Source · Based on the filing body and exhibits

NorthStar Clean Energy Asset Impairment and Restructuring Items

The company said its GAAP results for the quarter and year to date reflect asset impairment and restructuring activities related to NorthStar Clean Energy. These items were presented as adjustments of $1.08 per share for Q3 and $1.09 per share year to date.

Source · Based on the filing body and exhibits

Q3 2026 Revenue and Net Income

CMS Energy reported operating revenue of $2,183 million for Q3 2026, versus $2,021 million in 2025, and net income (loss) of $(91) million, compared with $272 million in 2025. Net income available to common stockholders was $121 million, compared with $275 million in 2025.

Source · Based on the filing body and exhibits

Reaffirms 2026 and 2027 Adjusted EPS Guidance

The company said it reaffirmed its 2026 adjusted earnings per share guidance of $3.83 to $3.90 and its 2027 adjusted earnings per share guidance of $4.08 to $4.17, along with long-term adjusted EPS growth of 6 to 8%. The company said it remains confident toward the high end of its long-term growth range.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.