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Jun 30, 2024
CMS Energy Q2 2024 Earnings Report
CMS Energy's Q2 2024 earnings were announced, with the company reaffirming its adjusted EPS guidance.
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.