Jun 30, 2022

CMS Energy Q2 2022 Earnings Report

CMS Energy reported strong second quarter results and reaffirmed 2022 adjusted EPS guidance.

Key Takeaways

CMS Energy reported earnings per share of $0.50 for the second quarter of 2022, compared to $0.61 per share for the same quarter in 2021. The company’s adjusted earnings per share for the second quarter of 2022 were $0.53, compared to $0.55 per share for the same quarter in 2021. CMS Energy reaffirmed its 2022 adjusted earnings guidance of $2.85 to $2.89 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

Reported earnings per share of $0.50 for the second quarter of 2022.

Adjusted earnings per share for the second quarter of 2022 were $0.53.

Reaffirmed 2022 adjusted earnings guidance of $2.85 to $2.89 per share.

Reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

Total Revenue
$1.92B
Previous year: $1.56B
+23.2%
EPS
$0.5
Previous year: $0.61
-18.0%
Gross Profit
$570M
Previous year: $583M
-2.2%
Cash and Equivalents
$77M
Previous year: $153M
-49.7%
Free Cash Flow
-$216M
Previous year: $93M
-332.3%
Total Assets
$29B
Previous year: $30B
-3.0%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy reaffirmed its 2022 adjusted earnings guidance of $2.85 to $2.89 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the adjusted EPS growth range.