---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-038300"
form_type: "8-K"
ticker: "CMS-PB"
cik: "0000201533"
company_name: "CONSUMERS ENERGY CO"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:25:03.259610+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CMS Energy Q1 adjusted EPS $1.02 vs $0.97 YoY; reaffirms 2025 guidance $3.54-$3.60

## Summary
- Reported EPS $1.01 (up $0.05); adjusted EPS $1.02 (up $0.05) YoY.
- Reaffirmed 2025 adjusted EPS guidance $3.54-$3.60; long-term growth target 6-8% toward high end.
- Constructive electric rate case order in March $176M, 9.9% ROE supports Reliability Roadmap investments.
- Utility capital plan increased to $20B for 2025-2029, up $3B; rate base growth ~8.5% CAGR.
- Expansive economic development efforts; Hemlock Semiconductor $375M investment; Ford Blue Oval Battery Park $2.6B.

## SEC filing metadata
- accession: 0001104659-25-038300
- form_type: 8-K
- ticker: CMS-PB
- cik: 0000201533
- company_name: CONSUMERS ENERGY CO
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/201533/000110465925038300/0001104659-25-038300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/201533/000110465925038300/tm2513034d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-038300
- JSON: https://secwatch.observer/filing/0001104659-25-038300.json
- Plain text: https://secwatch.observer/filing/0001104659-25-038300.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.