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 adjusted EPS of $0.37, down from $0.71 a year earlier, while reaffirming 2026 adjusted EPS guidance of $3.83–$3.90 and introducing 2027 guidance of $4.08–$4.17. The company said it will exit non-utility renewables development at NorthStar Clean Energy while retaining Michigan assets, including Dearborn Industrial Generation and four solar projects totaling about 0.5 gigawatts; the restructuring is targeted for completion by year-end 2026 and is expected to reduce funding needs by more than $500 million through 2030.