earnings
confidence high
sentiment positive
materiality 0.60
CMS Energy Q1 adjusted EPS rises to $1.20; reaffirms FY22 guidance $2.85-$2.89
CONSUMERS ENERGY CO
- Q1 reported EPS $1.21 flat YoY; adjusted EPS $1.20 vs $1.09, up 10¢.
- Reaffirmed 2022 adjusted EPS guidance $2.85-$2.89 and 6-8% long-term growth toward high end.
- Settled IRP accelerates coal exit to 2025, targets net zero electric carbon by 2040 with ~8 GW solar.
- Electric weather-normalized deliveries up 2.7% YoY (excl. one large low-margin customer); >500 MW attracted since 2015.