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Dec 31, 2022

CMS Energy Q4 2022 Earnings Report

CMS Energy reported strong results for 2022 and raised its 2023 adjusted EPS guidance.

Key Takeaways

CMS Energy announced strong 2022 results with earnings per share of $2.85 and adjusted earnings per share of $2.89. The company also raised its 2023 adjusted earnings guidance to $3.06 to $3.12 per share and increased its annual dividend by 11 cents per share to $1.95 for 2023.

CMS Energy delivered two decades of industry-leading financial performance.

The company's strong results in 2022 have positioned it well for 2023.

CMS Energy reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

The company is committed to customers, communities, and investors.

Total Revenue
$2.28B
Previous year: $2.03B
+12.1%
EPS
$0.58
Previous year: $2.2
-73.6%
Gross Profit
$671M
Previous year: $585M
+14.7%
Cash and Equivalents
$164M
Previous year: $452M
-63.7%
Free Cash Flow
-$448M
Previous year: -$298M
+50.3%
Total Assets
$31.4B
Previous year: $28.8B
+9.0%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy raised its 2023 adjusted earnings guidance to $3.06 to $3.12 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent.

Positive Outlook

  • Raised 2023 adjusted earnings guidance to $3.06 to $3.12 per share
  • Reaffirmed long-term adjusted EPS growth of 6 to 8 percent
  • The company delivered two decades of industry-leading financial performance
  • Strong results in 2022 have positioned the company well for 2023
  • Increased annual dividend by 11 cents per share to $1.95 for 2023