CMS Energy beats Q1 revenue estimates, reaffirms 2026 adj. EPS guidance

CMS Energy

28/04/2026 11:40

Overview

US energy provider's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company reaffirmed 2026 adjusted EPS guidance and long-term growth targets

Outlook

CMS Energy reaffirms 2026 adjusted EPS guidance of $3.83 to $3.90

Company maintains long-term adjusted EPS growth target of 6% to 8%

Result Drivers

STRONG EXECUTION - Co said strong execution positioned it well for the year ahead, per CEO Garrick Rochow

Company press release: ID:nPn3MmjXBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.73 bln
$2.45 bln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.13
$1.10 (11 Analysts)
Q1 EPS
$1.10
Q1 Net Income Attributable to CMS Energy
$340 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for CMS Energy Corp is $82.00, about 7.8% above its April 27 closing price of $76.05

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)