#United States #Jackson #EPS Guidance #CMS Energy #Michigan Energy

CMS Energy's Strong 2024 Financial Performance

In a recent announcement, CMS Energy, headquartered in Jackson, Michigan, reported outstanding earnings for 2024, marking the 22nd consecutive year of growth. The company reported earnings per share (EPS) of $3.33 for 2024, an increase from $3.01 per share in 2023. Moreover, the adjusted EPS for the same period rose to $3.34, compared to $3.11 the previous year. These profits reflect the effective strategies employed by the energy provider to enhance its operations and profitability.

As a part of this positive financial trend, CMS Energy declared an annual dividend of $2.17 per share for 2025, representing an 11-cent increase. This marks the 19th consecutive year of dividend hikes, demonstrating the company's commitment to returning value to its shareholders.

Increased EPS Guidance for 2025

CMS Energy has raised its guidance for adjusted EPS for 2025 to a range of $3.54 to $3.60, up from the previous forecast of $3.52 to $3.58 per share. This guidance highlights the company's ongoing confidence in achieving sustainable growth, as they aim for a long-term adjusted EPS growth of 6 to 8 percent.

Garrick Rochow, CEO of CMS Energy and Consumers Energy, commented on the company's accomplishments, emphasizing the record investments into their electric grid through the Reliability Roadmap initiative. This effort enabled the company to restore power to over 93% of customers in less than 24 hours, compared to 87% in the previous year, showcasing increased operational efficiency and commitment to customer service.

Additionally, CMS Energy was able to secure more than 360 megawatts of new load through their economic development initiatives, which not only creates jobs but also brings investments into Michigan, stimulating the local economy. This multifaceted approach has positioned CMS Energy and its stakeholders optimally for continued success in 2025.

Upcoming Webcast

On February 6, 2025, at 9:30 a.m. EST, CMS Energy will host a webcast to discuss its year-end results and provide insights into its future financial outlook. Interested parties can join the event by visiting the company’s official website and selecting the relevant section for events and presentations.

Important Notes

The company highlighted that its reported figures include non-Generally Accepted Accounting Principles (non-GAAP) measures, which serve as key indicators for analytical purposes. The management considers adjusted earnings critical in evaluating the company’s operational financial health and uses these metrics for effective external engagement with investors and analysts.

It’s important to mention that forward-looking statements made in regard to financial forecasts are subject to various risks and uncertainties that could materially alter expected outcomes.

Conclusion

CMS Energy’s impressive 2024 performance and their positive adjustments in financial guidance for 2025 reflect a robust business strategy and strong commitment to their clientele. With continued focus on grid reliability and economic development, CMS Energy is poised for a successful year ahead in the energy sector.