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Sep 30, 2024
CMS Energy Q3 2024 Earnings Report
CMS Energy's Q3 2024 earnings were announced, demonstrating an increase in both reported and adjusted EPS compared to the same quarter in 2023. The company reaffirmed its 2024 adjusted earnings guidance and introduced 2025 adjusted earnings guidance.
Key Takeaways
CMS Energy reported an increase in both reported and adjusted earnings per share for Q3 2024. The company reaffirmed its 2024 adjusted earnings guidance and introduced 2025 adjusted earnings guidance.
Reported earnings per share increased to $0.84 for Q3 2024, compared to $0.60 per share for the same quarter in 2023.
Adjusted earnings per share for Q3 2024 were $0.84, compared to $0.61 per share for the same quarter in 2023.
2024 adjusted earnings guidance of $3.29 to $3.35 per share was reaffirmed.
2025 adjusted earnings guidance of $3.52 to $3.58 per share was introduced.
CMS Energy
CMS Energy
Forward Guidance
CMS Energy has reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share and introduced 2025 adjusted earnings guidance of $3.52 to $3.58 per share.
Positive Outlook
- Continued confidence toward the high end of long-term adjusted EPS growth of 6 to 8 percent.
- Making needed investments as outlined in electric Reliability Roadmap.
- Burying wires to build a smarter and stronger grid.
- Installing sensors to build a smarter and stronger grid.
- Adding other technology to build a smarter and stronger grid.