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CMS Energy Q1 Earnings Beat Estimates, Revenues Increase Y/Y
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Key Takeaways
CMS Q1 2026 EPS rose to $1.13, topping the $1.11 estimate; GAAP EPS was $1.10.
CMS revenues climbed to $2.73B, beating $2.53B estimate; operating expenses rose 14.7% Y/Y.
CMS cash fell to $175M as debt rose to $18.54B; operating cash flow was $0.71B.
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2026 earnings per share (EPS) of $1.13, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.
The company reported GAAP earnings of $1.10 per share, up from $1.01 recorded in the year-ago quarter.
CMS' Revenues
Operating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 billion in the prior-year quarter.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS' operating expenses amounted to $2.24 billion, up 14.7% from the year-ago quarter’s figure.
Operating income was $490 million, lower than the year-ago quarter’s figure of $494 million.
Interest charges totaled $203 million, up 9.1% from that recorded in the year-ago quarter.
Financial Condition of CMS
CMS Energy had cash and cash equivalents of $175 million as of March 31, 2026 compared with $509 million as of Dec. 31, 2025.
As of March 31, 2026, total debt and financial leases (excluding securitization debt) were $18.54 billion compared with $18.31 billion as of Dec. 31, 2025.
The net cash flow from operating activities was $0.71 billion during the first three months of 2026 compared with $1 billion in the prior-year period.
CMS' 2026 Guidance
The company reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.
CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.
DTE Energy Company (DTE - Free Report) is scheduled to report its first-quarter 2026 results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.90 per share.
DTE’s long-term (three to five years) earnings growth rate is 5.94%. The Zacks Consensus Estimate for first-quarter sales is pinned at $4.67 billion, which implies a year-over-year rise of 5.1%.
Alliant Energy Corporation (LNT - Free Report) is slated to report first-quarter results on April 30, after market close. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share.
LNT’s long-term earnings growth rate is 7.15%. The Zacks Consensus Estimate for first-quarter sales is pinned at $1.17 billion, which calls for year-over-year growth of 3.9%.
Public Service Enterprise Group (PEG - Free Report) is slated to report first-quarter results on May 5, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.49 per share, which suggests a year-over-year increase of 4.2%.
PEG’s long-term earnings growth rate is 6.09%. The Zacks Consensus Estimate for first-quarter sales stands at $3.29 billion, which implies a year-over-year rise of 2.1%.
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CMS Energy Q1 Earnings Beat Estimates, Revenues Increase Y/Y
Key Takeaways
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2026 earnings per share (EPS) of $1.13, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.
The company reported GAAP earnings of $1.10 per share, up from $1.01 recorded in the year-ago quarter.
CMS' Revenues
Operating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 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 $2.24 billion, up 14.7% from the year-ago quarter’s figure.
Operating income was $490 million, lower than the year-ago quarter’s figure of $494 million.
Interest charges totaled $203 million, up 9.1% from that recorded in the year-ago quarter.
Financial Condition of CMS
CMS Energy had cash and cash equivalents of $175 million as of March 31, 2026 compared with $509 million as of Dec. 31, 2025.
As of March 31, 2026, total debt and financial leases (excluding securitization debt) were $18.54 billion compared with $18.31 billion as of Dec. 31, 2025.
The net cash flow from operating activities was $0.71 billion during the first three months of 2026 compared with $1 billion in the prior-year period.
CMS' 2026 Guidance
The company reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.
CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.
CMS’ Zacks Rank
CMS Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Utility Releases
DTE Energy Company (DTE - Free Report) is scheduled to report its first-quarter 2026 results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.90 per share.
DTE’s long-term (three to five years) earnings growth rate is 5.94%. The Zacks Consensus Estimate for first-quarter sales is pinned at $4.67 billion, which implies a year-over-year rise of 5.1%.
Alliant Energy Corporation (LNT - Free Report) is slated to report first-quarter results on April 30, after market close. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share.
LNT’s long-term earnings growth rate is 7.15%. The Zacks Consensus Estimate for first-quarter sales is pinned at $1.17 billion, which calls for year-over-year growth of 3.9%.
Public Service Enterprise Group (PEG - Free Report) is slated to report first-quarter results on May 5, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.49 per share, which suggests a year-over-year increase of 4.2%.
PEG’s long-term earnings growth rate is 6.09%. The Zacks Consensus Estimate for first-quarter sales stands at $3.29 billion, which implies a year-over-year rise of 2.1%.