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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.
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.