CMS Energy Q2 2024 Earnings Report
Key Takeaways
CMS Energy reported EPS of $0.65 for Q2 2024, compared to $0.67 in 2023. Adjusted EPS for the quarter was $0.66, down from $0.75 in the same quarter last year. The company reaffirmed its 2024 adjusted EPS guidance of $3.29 to $3.35 and long-term adjusted EPS growth of 6 to 8 percent.
Reported earnings per share were $0.65 for the second quarter of 2024, compared to $0.67 per share for 2023.
Adjusted earnings per share for the second quarter were $0.66, compared to $0.75 per share for the same quarter in 2023.
The company reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share.
Long-term adjusted EPS growth of 6 to 8 percent is expected, with continued confidence toward the high end.
CMS Energy
CMS Energy
Forward Guidance
CMS Energy reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end.
Positive Outlook
- The company is on track to deliver full year earnings guidance.
- Prioritizing investments in electric and gas systems.
- Electric Reliability Roadmap will harden and improve systems.
- Natural Gas Delivery Plan will harden and improve systems.
- Clean Energy Plan will allow the company to lead the clean energy transformation.