CMS Energy Corp (CMS) stock

CMSNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS.PC, CMSA, CMSC, CMSD

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/304% below fair value

$70.10+0.58 (+0.83%)

Close on Oct 30, 2026Market cap $21.79BP/E 21.1Yield 3.10%

Earnings

CMS Energy's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 4, 2027

Q4 FY2026 · estimated, before the open

Revenue, Q3 FY2026

$2.18B

+8.0% on a year earlier

adjusted earnings per share, Q3 FY2026

$1.44

$0.93 a year earlier

Latest guidance

Issued

Oct 27, 2026 · 3 items

Quarterly results

Revenue and earnings per share from each of CMS Energy's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Feb 4, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 27, 2026before the open	$2.18B	+8.0%	$0.39	$1.44	Release
Q2 FY2026ended Jun 30, 2026	Jul 28, 2026before the open	$1.83B	-0.5%	$0.37	$0.37	Release
Q1 FY2026ended Mar 31, 2026	Apr 28, 2026before the open	$2.73B	+11.6%	$1.10	$1.13	Release
Q4 FY2025ended Dec 31, 2025	Feb 5, 2026before the open	$2.23B	+12.3%	$0.94	$0.95	Release
Q3 FY2025ended Sep 30, 2025	Oct 30, 2025before the open	$2.02B	+15.9%	$0.92	$0.93	Release
Q2 FY2025ended Jun 30, 2025	Jul 31, 2025before the open	$1.84B	+14.4%	$0.66	$0.71	Release
Q1 FY2025ended Mar 31, 2025	Apr 24, 2025before the open	$2.45B	+12.5%	$1.01	$1.02	Release
Q4 FY2024ended Dec 31, 2024	Feb 6, 2025before the open	$1.99B	+2.0%	$0.87	$0.87	Release
Q3 FY2024ended Sep 30, 2024	Oct 31, 2024before the open	$1.74B	+4.2%	$0.84	$0.84	Release
Q2 FY2024ended Jun 30, 2024	Jul 25, 2024before the open	$1.61B	+3.3%	$0.65	$0.66	Release
Q1 FY2024ended Mar 31, 2024	Apr 25, 2024before the open	$2.18B	-4.7%	$0.96	$0.97	Release
Q4 FY2023ended Dec 31, 2023	Feb 1, 2024before the open	$1.95B	-14.4%	$1.05	$1.05	Release
Q3 FY2023ended Sep 30, 2023	Oct 26, 2023before the open	$1.67B	–	$0.60	$0.61	Release
Q2 FY2023ended Jun 30, 2023	Jul 27, 2023before the open	$1.56B	-19.0%	$0.67	$0.75	Release
Q1 FY2023ended Mar 31, 2023	Apr 27, 2023before the open	$2.28B	–	$0.69	$0.70	Release
Q4 FY2022ended Dec 31, 2022	Feb 2, 2023before the open	$2.28B	+12.1%	$0.58	$0.60	Release
Q3 FY2022ended Sep 30, 2022	Oct 27, 2022before the open	–	–	–	–	Release
Q2 FY2022ended Jun 30, 2022	Jul 28, 2022before the open	$1.92B	–	$0.50	$0.53	Release
Q1 FY2022ended Mar 31, 2022	May 3, 2022before the open	–	–	$1.21	$1.20	Release
Q4 FY2021ended Dec 31, 2021	Feb 3, 2022before the open	$2.03B	–	$2.20	$0.47	Release
Q3 FY2021ended Sep 30, 2021	Oct 28, 2021before the open	–	–	–	–	Release
Q2 FY2021ended Jun 30, 2021	Jul 29, 2021before the open	–	–	–	–	Release
Q1 FY2021ended Mar 31, 2021	Apr 29, 2021before the open	–	–	–	–	Release
Q4 FY2020ended Dec 31, 2020	Feb 4, 2021before the open	–	–	–	–	Release
Q3 FY2020ended Sep 30, 2020	Oct 29, 2020before the open	–	–	–	–	Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

CMS Energy's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
adjusted earningsnon-GAAP	FY2026	$3.83 – $3.90	$3.83 – $3.90	Reaffirmed	Jul 28, 2026
adjusted earnings guidancenon-GAAP	FY2026	$3.83 – $3.90	–	New	Oct 27, 2026
adjusted earnings guidancenon-GAAP	FY2027	$4.08 – $4.17	–	New	Oct 27, 2026
earnings guidance	FY2027	$4.08 – $4.17	–	New	Jul 28, 2026

Guidance vs results

The last range CMS Energy gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
FY2025	adjusted earnings guidance	$3.56 – $3.60	$3.61Σ4Q	Above range

Guidance history

Every forecast CMS Energy put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 27, 2026	adjusted earnings guidance	FY2027	$4.08 – $4.17	New
Oct 27, 2026	adjusted earnings guidance	FY2026	$3.83 – $3.90	New
Oct 27, 2026	long-term adjusted EPS growth	long-term	+6% – +8%	–
Jul 28, 2026	long-term adjusted EPS growth	long-term	+6% – +8%	–
Jul 28, 2026	adjusted earnings	FY2026	$3.83 – $3.90	Reaffirmed
Jul 28, 2026	earnings guidance	FY2027	$4.08 – $4.17	New
Apr 28, 2026	adjusted earnings guidance	FY2026	$3.83 – $3.90	Reaffirmed
Apr 28, 2026	long-term adjusted EPS growth	long-term	+6% – +8%	–
Feb 5, 2026	long-term adjusted EPS growth	long-term	+6% – +8%	–
Feb 5, 2026	adjusted earnings guidance	FY2026	$3.83 – $3.90	Raised
Oct 30, 2025	adjusted earnings guidance	FY2026	$3.80 – $3.87	New
Oct 30, 2025	adjusted earnings guidance	FY2025	$3.56 – $3.60	Raised
Oct 30, 2025	long-term adjusted EPS growth	long-term	+6% – +8%	–
Jul 31, 2025	adjusted earnings	FY2025	$3.54 – $3.60	New
Jul 31, 2025	long-term adjusted EPS growth	long-term	+6% – +8%	–
Apr 24, 2025	adjusted earnings	FY2025	$3.54 – $3.60	Reaffirmed
Apr 24, 2025	long-term adjusted EPS growth	long-term	+6% – +8%	–
Feb 6, 2025	adjusted earnings guidance	FY2025	$3.54 – $3.60	Raised
Feb 6, 2025	adjusted EPS growth	long-term	+6% – +8%	–
Oct 31, 2024	adjusted earnings	FY2024	$3.29 – $3.35	Reaffirmed
Oct 31, 2024	adjusted EPS growth	long-term	+6% – +8%	–
Oct 31, 2024	adjusted earnings	FY2025	$3.52 – $3.58	New
Jul 25, 2024	adjusted earnings	FY2024	$3.29 – $3.35	Reaffirmed
Jul 25, 2024	adjusted EPS growth	long-term	+6% – +8%	–
Apr 25, 2024	adjusted EPS growth	long-term	+6% – +8%	–
Apr 25, 2024	adjusted earnings	FY2024	$3.29 – $3.35	Reaffirmed
Feb 1, 2024	adjusted earnings guidance	FY2024	$3.29 – $3.35	Raised
Feb 1, 2024	long-term adjusted EPS growth	long-term	+6% – +8%	–
Oct 26, 2023	adjusted EPS growth	long-term	+6% – +8%	–
Oct 26, 2023	adjusted earnings guidance	FY2024	$3.27 – $3.33	New
Oct 26, 2023	adjusted earnings guidance	FY2023	$3.06 – $3.12	Reaffirmed
Jul 27, 2023	adjusted EPS growth	long-term	+6% – +8%	–
Jul 27, 2023	adjusted earnings	FY2023	$3.06 – $3.12	Reaffirmed
Apr 27, 2023	long-term adjusted EPS growth	long-term	+6% – +8%	–
Apr 27, 2023	adjusted earnings guidance	FY2023	$3.06 – $3.12	Reaffirmed
Feb 2, 2023	adjusted EPS growth	long-term	+6% – +8%	–
Feb 2, 2023	adjusted earnings guidance	FY2023	$3.06 – $3.12	New
Jul 28, 2022	long-term adjusted EPS growth	long-term	+6% – +8%	–
Jul 28, 2022	adjusted earnings guidance	FY2022	$2.85 – $2.89	Reaffirmed
May 3, 2022	adjusted EPS growth	long-term	+6% – +8%	–
May 3, 2022	adjusted earnings guidance	FY2022	$2.85 – $2.89	Reaffirmed
Feb 3, 2022	long-term adjusted EPS growth	long-term	+6% – +8%	–
Feb 3, 2022	adjusted earnings guidance	FY2022	$2.85 – $2.89	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.