CMS Energy reports lower second-quarter EPS and exits renewables development
Filed with the SEC on · Summarized by InvestorsBot
CMS Energy reported second-quarter 2026 EPS of $0.37, down from $0.66 a year earlier, while adjusted EPS was also $0.37 versus $0.71; six-month adjusted EPS was $1.50 compared with $1.73. The company will exit non-utility renewables development at NorthStar Clean Energy while retaining Michigan assets including Dearborn Industrial Generation and four solar projects, targeting completion by year-end 2026 and reducing planned funding needs by more than $500 million through 2030; CMS reaffirmed 2026 adjusted EPS guidance of $3.83-$3.90 and introduced 2027 guidance of $4.08-$4.17.