filecrux
Oct 27, 11:12 AM
$CMS Does CMS Energy's 55% jump in Q3 adjusted EPS to
$1.44 point past its unchanged
$3.83-
$3.90 full-year guide?
🧾 CMS Energy, the parent of Michigan utility Consumers Energy, took a
$456M pre-tax charge in Q3 to write down and restructure its NorthStar Clean Energy unit, and GAAP EPS fell 58% to
$0.39 from
$0.92
📈 Excluding the charge, Q3 adjusted EPS rose 55% to
$1.44 from
$0.93, and nine-month adjusted EPS rose 11% to
$2.95 from
$2.66
⚠️ With
$2.95 already earned, the unchanged 2026 guide implies Q4 adjusted EPS of
$0.88-
$0.95 against
$0.95 a year ago, after Q2 came in at only
$0.37
📈 In return, CMS says the NorthStar exit cuts more than
$500M of funding needs through 2030 and leaves earnings nearly 100% utility-based after 2027
📅 Next: Webcast Tuesday, October 27 at 10:00 a.m. (EDT); CMS will update its
$24B utility capital plan on the Q4 call
Source: PR Newswire release + SEC 8-K, Oct 27
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