We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CMS Energy Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
Read MoreHide Full Article
Key Takeaways
CMS reported Q2 EPS of 71 cents, beating estimates and rising 7.6% year over year.
Q2 revenues rose 14.4% Y/Y to $1.84B, surpassing the $1.69B estimate on stronger operations.
2025 EPS guidance of $3.54-$3.60 was reaffirmed, with 6-8% annual growth also maintained.
CMS Energy Corporation (CMS - Free Report) reported second-quarter 2025 earnings per share (EPS) of 71 cents, which beat the Zacks Consensus Estimate of 67 cents by 6%. The bottom line also increased 7.6% from 66 cents in the prior-year quarter.
The company reported GAAP earnings of 66 cents per share, up from earnings of 65 cents recorded in the year-ago quarter. The year-over-year improvement can be attributed to higher revenues and operating income.
CMS' Revenues
Operating revenues totaled $1.84 billion, which beat the Zacks Consensus Estimate of $1.69 billion by 9%. The top line also increased 14.4% from $1.61 billion in the prior-year quarter.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS' operating expenses amounted to $1.52 billion, up 14.9% from the year-ago quarter’s figure.
Net income was $193 million, higher than the year-ago quarter’s figure of $182 million. Our model projected a net income of $182.2 million for the second quarter.
Interest charges totaled $199 million, up 15% from those recorded a year ago.
Financial Condition of CMS
CMS Energy had cash and cash equivalents of $844 million as of June 30, 2025 compared with $103 million as of Dec. 31, 2024.
As of June 30, 2025, total debt and financial leases (excluding securitization debt) were $17.40 billion compared with $15.87 billion as of Dec. 31, 2024.
The net cash flow from operating activities amounted to $1.41 billion during the first six months of 2025 compared with $1.66 billion in the prior-year quarter.
CMS' 2025 Guidance
CMS reaffirmed its 2025 bottom-line guidance. The company still expects to generate adjusted EPS in the range of $3.54-$3.60. The Zacks Consensus Estimate for 2025 earnings is currently pegged at $3.58, which is just higher than the midpoint of the company’s guided range.
CMS also reaffirmed its long-term adjusted EPS growth to be in the band of 6-8%.
American Electric Power Company, Inc. (AEP - Free Report) reported second-quarter 2025 operating EPS of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter.
AEP’s revenues of $5.09 billion rose 11.1% from the year-ago quarter’s level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%.
CenterPoint Energy, Inc. (CNP - Free Report) reported second-quarter 2025 adjusted earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also declined 19.4% from the year-ago quarter’s figure of 36 cents.
CNP generated revenues of $1.94 billion, which surpassed the Zacks Consensus Estimate by a whisker. The top line also came in 2% higher than the year-ago quarter’s reported figure of $1.91 billion.
NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year.
In the second quarter, NextEra Energy’s operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CMS Energy Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
Key Takeaways
CMS Energy Corporation (CMS - Free Report) reported second-quarter 2025 earnings per share (EPS) of 71 cents, which beat the Zacks Consensus Estimate of 67 cents by 6%. The bottom line also increased 7.6% from 66 cents in the prior-year quarter.
The company reported GAAP earnings of 66 cents per share, up from earnings of 65 cents recorded in the year-ago quarter. The year-over-year improvement can be attributed to higher revenues and operating income.
CMS' Revenues
Operating revenues totaled $1.84 billion, which beat the Zacks Consensus Estimate of $1.69 billion by 9%. The top line also increased 14.4% from $1.61 billion in the prior-year quarter.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation Quote
Operational Performance of CMS
CMS' operating expenses amounted to $1.52 billion, up 14.9% from the year-ago quarter’s figure.
Net income was $193 million, higher than the year-ago quarter’s figure of $182 million. Our model projected a net income of $182.2 million for the second quarter.
Interest charges totaled $199 million, up 15% from those recorded a year ago.
Financial Condition of CMS
CMS Energy had cash and cash equivalents of $844 million as of June 30, 2025 compared with $103 million as of Dec. 31, 2024.
As of June 30, 2025, total debt and financial leases (excluding securitization debt) were $17.40 billion compared with $15.87 billion as of Dec. 31, 2024.
The net cash flow from operating activities amounted to $1.41 billion during the first six months of 2025 compared with $1.66 billion in the prior-year quarter.
CMS' 2025 Guidance
CMS reaffirmed its 2025 bottom-line guidance. The company still expects to generate adjusted EPS in the range of $3.54-$3.60. The Zacks Consensus Estimate for 2025 earnings is currently pegged at $3.58, which is just higher than the midpoint of the company’s guided range.
CMS also reaffirmed its long-term adjusted EPS growth to be in the band of 6-8%.
CMS’ Zacks Rank
CMS Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
American Electric Power Company, Inc. (AEP - Free Report) reported second-quarter 2025 operating EPS of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter.
AEP’s revenues of $5.09 billion rose 11.1% from the year-ago quarter’s level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%.
CenterPoint Energy, Inc. (CNP - Free Report) reported second-quarter 2025 adjusted earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also declined 19.4% from the year-ago quarter’s figure of 36 cents.
CNP generated revenues of $1.94 billion, which surpassed the Zacks Consensus Estimate by a whisker. The top line also came in 2% higher than the year-ago quarter’s reported figure of $1.91 billion.
NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year.
In the second quarter, NextEra Energy’s operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year.