CMS Energy Surpasses Earnings Expectations for 2025, Upgrades 2026 EPS Forecast

CMS Energy's Impressive Performance in 2025

CMS Energy, the Michigan-based energy powerhouse, has recently released its earnings report for 2025, showcasing outstanding financial results that have exceeded the company's own guidance. The company announced earnings per share (EPS) of $3.53 for 2025, a noticeable increase from $3.33 per share in 2024. Adjusted EPS for 2025 also showed a significant increase, with figures reaching $3.61 compared to $3.34 in the previous year. These favorable results were largely driven by strong performance from its NorthStar Clean Energy sector, reflecting the company's commitment to sustainable energy solutions.

In light of these achievements, CMS Energy has raised its adjusted EPS guidance for 2026 to a range of $3.83 to $3.90, up from the earlier projection of $3.80 to $3.87 per share. This marks a continued trajectory for the company, reaffirming its long-term adjusted EPS growth target of 6 to 8 percent, with optimism towards achieving the higher end of this growth spectrum.

Garrick Rochow, President and CEO of CMS Energy and Consumers Energy, commented on the successful year, stating, "CMS Energy had a successful year delivering for all stakeholders in 2025. Our accomplishments include constructive regulatory outcomes, solid cost performance at the Utility, and strong results at NorthStar. Our customers remain our top priority as the CMS Energy team works every day to improve reliability and affordability."

In addition to the commendable earnings report, CMS Energy also announced an 11-cent increase in its dividend, raising it to $2.28 per share for the year 2026. This marks the 20th consecutive year of dividend increases, underscoring the company's strong financial position and commitment to returning value to its shareholders.

These positive results indicate a solid operational framework for CMS Energy, supported by steady regulatory progress and effective cost management strategies. The improvements at NorthStar Clean Energy, a crucial area within the company's portfolio, have also contributed significantly to these results, highlighting the successful shift towards sustainable energy sources in response to evolving market demands.

CMS Energy plans to hold a webcast on Thursday, February 5, 2026, at 10:00 a.m. EST to discuss its year-end results for 2025 and outline its business and financial outlook for the future. Stakeholders and interested parties are encouraged to visit the CMS Energy homepage to access the event.

As investors reflect on these results, it is essential to consider that this announcement includes certain non-GAAP (Generally Accepted Accounting Principles) measurements, such as adjusted earnings. These figures provide a broader perspective on the company's operating performance and are used for internal assessments as well as external communications with investors.

Overall, CMS Energy's robust financial results and outlook reflect its strong operational capabilities and strategic focus on sustainability, positioning the company well for continued growth and value creation in the energy sector. Investors, industry analysts, and energy consumers alike are looking forward to what lies ahead for this essential utility provider.