CMS Energy Q2 revenue misses estimates; maintains long-term adjusted EPS growth target

CMS Energy

28/07/2026 11:39

Overview
US energy provider's Q2 revenue declined and missed analyst expectations
Adjusted EPS for Q2 slightly beat analyst expectations
Company to exit non-utility renewables development after NorthStar Clean Energy review

Outlook
CMS Energy reaffirms 2026 adjusted EPS guidance of $3.83 to $3.90
Company introduces 2027 adjusted EPS guidance of $4.08 to $4.17
CMS Energy maintains long-term adjusted EPS growth target of 6-8%

Result Drivers
STRATEGIC SHIFT - Co said exit from non-utility renewables development will simplify business and reduce financing needs

Company press release: ID:nPn8S3yqWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$1.83 bln
$1.91 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.37
$0.36 (12 Analysts)
Q2 EPS
 
$0.37
 
Q2 Net Income
 
$96 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 9 "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 $81.00, about 9.1% above its July 27 closing price of $74.27
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
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July 26 - US Energy Department orders more power resources for western electric grid
July 27 - Expand Energy to beef up gas marketing business with $1.25 billion Twin Eagle deal

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.)