CMS Energy raises 2022 adj EPS guidance, introduces 2023 outlook; Q3 adj EPS $0.56

CONSUMERS ENERGY CO

Q3 2022 adjusted EPS $0.56 vs $0.54 YoY; GAAP EPS $0.56 vs $0.64 due to discontinued ops.
Raised 2022 adjusted EPS guidance to $2.87-$2.89 from $2.85-$2.89; preliminary 2023 guidance $3.05-$3.11.
Reaffirmed long-term adj. EPS growth 6-8% toward high end; 5-yr capital plan $14.3B.
Gotion plans $2.4B EV battery factory in CMS territory, adding >2,000 jobs and supporting load growth.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSUMERS ENERGY CO updated its 2022 guidance (raised).

Period: 2022
Guidance: raised
Result: guidance update

Exact text from the filing

CMS Energy raised its 2022 adjusted earnings guidance to $2.87 to $2.89 per share, from $2.85 to $2.89 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSUMERS ENERGY CO updated its the first nine months of 2022 guidance (raised).

Period: the first nine months of 2022
Guidance: raised
Result: reported results

Exact text from the filing

For the first nine months of 2022, the company reported $2.27 per share compared to $2.46 per share for the same period in 2021. On an adjusted earnings per share basis year-to-date, the company reported $2.29 per share in 2022, compared to $2.18 per share in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSUMERS ENERGY CO updated its 2023 guidance (initiated).

Period: 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

CMS Energy also introduced preliminary 2023 adjusted earnings guidance of $3.05 to $3.11 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSUMERS ENERGY CO updated its the third quarter of 2022 guidance (raised).

Period: the third quarter of 2022
Guidance: raised
Result: reported results

Exact text from the filing

CMS Energy announced today reported earnings per share of $0.56 for the third quarter of 2022, compared to $0.64 per share for the same quarter in 2021. The company’s adjusted earnings per share for the third quarter of 2022 were $0.56, compared to $0.54 per share for the same quarter in 2021.

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Source: SEC EDGAR

accession 0001104659-22-111755

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