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Jun 30, 2021

CMS Energy Q2 2021 Earnings Report

CMS Energy reported strong second-quarter earnings and reaffirmed its full-year adjusted earnings guidance.

Key Takeaways

CMS Energy reported earnings per share of $0.61 for the second quarter of 2021, compared to $0.48 per share for the same quarter in 2020. The company reaffirmed its full-year 2021 adjusted earnings from continuing operations guidance of $2.61 - $2.65 per share.

Reported earnings per share of $0.61 for the second quarter of 2021, compared to $0.48 per share for the same quarter in 2020.

Reported earnings per share from continuing operations were $0.55 for the second quarter of 2021, compared to $0.45 per share for the same quarter in 2020.

Adjusted earnings per share from continuing operations were $0.55 for the second quarter of 2021, compared to $0.46 per share for the same quarter in 2020.

Reaffirmed full-year 2021 adjusted earnings from continuing operations guidance of $2.61 - $2.65 per share.

Total Revenue
$1.56B
Previous year: $1.38B
+12.7%
EPS
$0.61
Previous year: $0.47
+29.8%
Gross Profit
$583M
Previous year: $571M
+2.1%
Cash and Equivalents
$153M
Previous year: $1.59B
-90.4%
Free Cash Flow
$93M
Previous year: $172M
-45.9%
Total Assets
$30B
Previous year: $28.6B
+4.8%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy reaffirmed its full-year 2021 adjusted earnings from continuing operations guidance of $2.61 - $2.65 per share. CMS Energy also reaffirmed 2022 adjusted earnings guidance of $2.85 - $2.87 per share and long-term adjusted EPS growth of 6 to 8 percent.