earnings
confidence high
sentiment neutral
materiality 0.70
CMS Energy Q2 2024 adjusted EPS $0.66 vs $0.75 YoY; reaffirms full-year guidance
CONSUMERS ENERGY CO
- Q2 reported EPS $0.65 (2023: $0.67); adjusted EPS $0.66 (2023: $0.75).
- Reaffirmed 2024 adjusted EPS guidance $3.29–$3.35 and long-term 6–8% growth.
- YTD adjusted EPS $1.63 vs $1.45 on constructive regulatory outcomes and higher weather-normalized sales.
- Utility capital plan increased to $17B (2024–2028), up $1.5B from prior plan.
- Planned equity issuance ~$266M YTD; total liquidity ~$2.5B.