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Sep 30, 2023

CMS Energy Q3 2023 Earnings Report

CMS Energy's Q3 2023 earnings increased compared to the same quarter in 2022, and introduced 2024 adjusted earnings guidance.

Key Takeaways

CMS Energy reported an increase in earnings per share for the third quarter of 2023, rising to $0.60 compared to $0.56 in the same quarter of the previous year. The company's adjusted earnings per share also increased to $0.61 from $0.56 year-over-year. CMS Energy reaffirmed its 2023 adjusted earnings guidance of $3.06 to $3.12 per share and introduced 2024 adjusted earnings guidance of $3.27 to $3.33 per share.

Reported earnings per share increased to $0.60 for Q3 2023, compared to $0.56 for the same quarter in 2022.

Adjusted earnings per share for Q3 2023 were $0.61, compared to $0.56 for the same quarter in 2022.

2023 adjusted earnings guidance reaffirmed at $3.06 to $3.12 per share.

2024 adjusted earnings guidance introduced at $3.27 to $3.33 per share.

Total Revenue
$1.67B
Previous year: $2.02B
-17.3%
EPS
$0.6
Previous year: $0.56
+7.1%
Gross Profit
$624M
Previous year: $588M
+6.1%
Cash and Equivalents
$184M
Previous year: $168M
+9.5%
Total Assets
$32.5B
Previous year: $30.4B
+7.0%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy reaffirmed its 2023 adjusted earnings guidance of $3.06 to $3.12 per share and introduced 2024 adjusted earnings guidance of $3.27 to $3.33 per share.