earnings
confidence high
sentiment neutral
materiality 0.60
CMS Energy Q2 adjusted EPS $0.53 vs $0.55 YoY; reaffirms 2022 guidance $2.85-$2.89
CONSUMERS ENERGY CO
- Reported EPS $0.50, adjusted EPS $0.53; prior year $0.61/$0.55.
- Reaffirmed 2022 adjusted EPS guidance $2.85-$2.89 and long-term 6-8% EPS growth.
- Regulatory approvals: natural gas rate case settlement and IRP eliminating coal by 2025.
- 5-year capital plan $14.3B; quarterly dividend $0.46/share (up 10¢ vs 2021).
- First half adjusted EPS $1.73 vs $1.64.