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CMS Energy
🇺🇸 NYSE:CMS
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Sep 30, 2022

CMS Energy Q3 2022 Earnings Report

CMS Energy reported strong results and raised 2022 adjusted EPS.

Key Takeaways

CMS Energy announced a solid third quarter, with reported earnings per share of $0.56 and adjusted earnings per share of $0.56. The company raised its 2022 adjusted earnings guidance to $2.87 to $2.89 per share and introduced preliminary 2023 adjusted earnings guidance of $3.05 to $3.11 per share.

Reported earnings per share for Q3 2022 were $0.56, compared to $0.64 in Q3 2021.

Adjusted earnings per share for Q3 2022 were $0.56, compared to $0.54 in Q3 2021.

CMS Energy raised its 2022 adjusted earnings guidance to $2.87 to $2.89 per share.

Preliminary 2023 adjusted earnings guidance is $3.05 to $3.11 per share.

Total Revenue
$2.02B
Previous year: $1.73B
+17.3%
EPS
$0.56
Previous year: $0.64
-12.5%
Gross Profit
$588M
Previous year: $591M
-0.5%
Cash and Equivalents
$168M
Previous year: $102M
+64.7%
Free Cash Flow
-$1.04B
Previous year: -$448M
+132.6%
Total Assets
$30.4B
Previous year: $30.5B
-0.5%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy raised its 2022 adjusted earnings guidance and introduced preliminary 2023 adjusted earnings guidance.

Positive Outlook

  • 2022 adjusted earnings guidance raised to $2.87 - $2.89 per share.
  • Preliminary 2023 adjusted earnings guidance of $3.05 - $3.11 per share.
  • Reaffirmed long-term adjusted EPS growth of 6-8%.
  • Commitment by Gotion to build a factory in their service territory.
  • Positioned solidly for the fourth quarter and 2023.

Company Overview

Full financial data and analysis

View CMS Energy