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Dec 31, 2023

CMS Energy Q4 2023 Earnings Report

CMS Energy reported strong 2023 results and raised 2024 adjusted EPS guidance.

Key Takeaways

CMS Energy announced earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022, and adjusted earnings per share of $3.11 for 2023, compared to $2.89 per share for 2022. The company also increased its annual dividend by 11 cents per share to $2.06 for 2024 and raised its 2024 adjusted earnings guidance to $3.29 to $3.35 per share.

Reported earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022.

Adjusted earnings per share for 2023 were $3.11, compared to $2.89 per share for 2022.

Increased annual dividend by 11 cents per share to $2.06 for 2024.

Raised 2024 adjusted earnings guidance to $3.29 to $3.35 per share from $3.27 to $3.33 per share.

Total Revenue
$1.95B
Previous year: $2.28B
-14.4%
EPS
$1.05
Previous year: $0.58
+81.0%
Gross Profit
$833M
Previous year: $671M
+24.1%
Cash and Equivalents
$248M
Previous year: $164M
+51.2%
Total Assets
$33.5B
Previous year: $31.4B
+6.9%

CMS Energy

CMS Energy

Forward Guidance

CMS Energy raised its 2024 adjusted earnings guidance to $3.29 to $3.35 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end.