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CMS Energy
🇺🇸 NYSE:CMS
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Jun 30, 2023

CMS Energy Q2 2023 Earnings Report

CMS Energy reported mixed second-quarter results, reaffirming its 2023 adjusted EPS guidance.

Key Takeaways

CMS Energy reported earnings per share of $0.67 for the second quarter of 2023, compared to $0.50 per share for the same quarter in 2022. The company's adjusted earnings per share for the second quarter of 2023 were $0.75, compared to $0.53 per share for the same quarter in 2022. CMS Energy reaffirmed its 2023 adjusted earnings guidance of $3.06 to $3.12 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

Reported earnings per share of $0.67 for the second quarter of 2023, compared to $0.50 per share for the same quarter in 2022.

Adjusted earnings per share for the second quarter of 2023 were $0.75, compared to $0.53 per share for the same quarter in 2022.

Reaffirmed 2023 adjusted earnings guidance of $3.06 to $3.12 per share.

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

Total Revenue
$1.56B
Previous year: $1.92B
-19.0%
EPS
$0.67
Previous year: $0.5
+34.0%
Gross Profit
$596M
Previous year: $570M
+4.6%
Cash and Equivalents
$389M
Previous year: $77M
+405.2%
Total Assets
$32.3B
Previous year: $29B
+11.1%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy reaffirmed its 2023 adjusted earnings guidance of $3.06 to $3.12 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

Company Overview

Full financial data and analysis

View CMS Energy