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Jun 30, 2020

CMS Energy Q2 2020 Earnings Report

CMS Energy reported Q2 2020 earnings with EPS of $0.48.

Key Takeaways

CMS Energy reported net income of $136 million, or $0.48 per share, for the second quarter of 2020. Adjusted earnings per share for the second quarter of 2020 were $0.49. The company reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68 per share.

Net income for the second quarter of 2020 was $136 million, or $0.48 per share.

Adjusted earnings per share for the second quarter of 2020 were $0.49.

Financial performance was driven by cost management, favorable weather, and sales mix.

CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68 per share.

Total Revenue
$1.38B
Previous year: $1.45B
-4.4%
EPS
$0.47
Previous year: $0.33
+42.4%
Gross Profit
$571M
Previous year: $505M
+13.1%
Cash and Equivalents
$1.59B
Previous year: $312M
+408.7%
Free Cash Flow
$172M
Previous year: $76M
+126.3%
Total Assets
$28.6B
Previous year: $25.3B
+13.0%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68 per share.