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Dec 31, 2020

CMS Energy Q4 2020 Earnings Report

CMS Energy announced its Q4 2020 results, reporting strong EPS growth and raising its 2021 adjusted EPS guidance.

Key Takeaways

CMS Energy reported strong financial results for 2020, with adjusted earnings per share of $2.67, compared to $2.49 for 2019. The company raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share, reflecting continued strong growth of 6 to 8 percent.

CMS Energy delivered consistent industry-leading financial results for nearly two decades.

The company contributed more than $80 million to support customers and communities during the pandemic in 2020.

CMS Energy invested more than $700 million in gas, electric, and renewable infrastructure to support its clean energy transition in 2020.

CMS Energy raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share.

Total Revenue
$1.73B
Previous year: $1.8B
-3.8%
EPS
$0.55
Previous year: $0.59
-6.8%
Gross Profit
$728M
Previous year: $660M
+10.3%
Cash and Equivalents
$32M
Previous year: $140M
-77.1%
Free Cash Flow
-$488M
Previous year: -$139M
+251.1%
Total Assets
$29.7B
Previous year: $26.8B
+10.5%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share, reflecting continued strong growth of 6 to 8 percent, with a bias toward the midpoint.