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Sep 30, 2021
CMS Energy Q3 2021 Earnings Report
CMS Energy reported Q3 2021 earnings with confidence toward the high end of 2021 guidance.
Key Takeaways
CMS Energy announced earnings per share from continuing operations of $0.54 for the third quarter of 2021. The company raised its full-year 2021 adjusted earnings from continuing operations guidance to $2.63 to $2.65 per share and reaffirmed 2022 adjusted earnings guidance of $2.85 - $2.87 per share.
Reported earnings per share from continuing operations were $0.54 for Q3 2021, compared to $0.72 per share for the same quarter in 2020.
Adjusted earnings per share from continuing operations were $0.54 for Q3 2021, compared to $0.73 per share for the same quarter in 2020.
CMS Energy closed the sale of EnerBank on October 1 for over $1 billion.
Full-year 2021 adjusted earnings from continuing operations guidance raised to $2.63 to $2.65 per share.
Forward Guidance
CMS Energy raised its full-year 2021 adjusted earnings from continuing operations guidance to $2.63 to $2.65 per share and reaffirmed 2022 adjusted earnings guidance of $2.85 - $2.87 per share and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the EPS growth range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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