---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-087288"
form_type: "8-K"
ticker: "CMS"
cik: "0000811156"
company_name: "CMS ENERGY CORP"
filed_at: "2026-07-28T10:38:12+00:00"
generated_at: "2026-07-28T10:40:08.748924+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CMS Energy Q2 adjusted EPS $0.37 vs $0.71 YoY; exits non-utility renewables

## Summary
- Q2 adjusted EPS $0.37, down from $0.71 YoY; reported EPS $0.37 vs $0.66.
- First-half adjusted EPS $1.50 vs $1.73; reaffirms 2026 guidance $3.83-$3.90.
- Introduces 2027 adjusted EPS guidance $4.08-$4.17; long-term growth 6-8%.
- Exiting non-utility renewables at NorthStar Clean Energy; retaining MI assets (DIG, 0.5 GW solar). Completion by year-end 2026.
- Strategic shift reduces parent funding needs by $500M+ through 2030; nearly 100% utility earnings after 2027.

## SEC filing metadata
- accession: 0001104659-26-087288
- form_type: 8-K
- ticker: CMS
- cik: 0000811156
- company_name: CMS ENERGY CORP
- filed_at: 2026-07-28T10:38:12+00:00
- event_type: earnings
- sentiment: negative
- 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/811156/000110465926087288/0001104659-26-087288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/201533/000110465926087288/tm2621427d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-087288
- JSON: https://secwatch.observer/filing/0001104659-26-087288.json
- Plain text: https://secwatch.observer/filing/0001104659-26-087288.txt

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