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Sep 30, 2020
CMS Energy Q3 2020 Earnings Report
CMS Energy reported third quarter earnings, exceeding the previous year's performance and introducing 2021 EPS guidance.
Key Takeaways
CMS Energy announced a net income of $218 million, or $0.76 per share, for the third quarter of 2020, compared to $207 million, or $0.73 per share, for the same quarter in 2019. The company's adjusted net income for the third quarter of 2020 was $221 million, or $0.77 per share. CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68 per share and introduced 2021 adjusted earnings per share guidance of $2.82 to $2.86.
Reported net income for Q3 2020 was $218 million, or $0.76 per share.
Adjusted net income for Q3 2020 was $221 million, or $0.77 per share.
Reaffirmed 2020 adjusted earnings guidance of $2.64 - $2.68 per share.
Introduced 2021 adjusted earnings per share guidance of $2.82 to $2.86, reflecting continued strong growth of 6 to 8 percent.
Forward Guidance
CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68 per share and introduced 2021 adjusted earnings per share guidance of $2.82 to $2.86, reflecting continued strong growth of 6 to 8 percent.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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