CMS Energy Q3 revenue beats expectations, raises 2025 EPS guidance

CMS Energy

30/10/2025 10:49

Overview

CMS Energy Q3 revenue beats analyst expectations

Adjusted EPS for Q3 beats consensus, reaching $0.93

Company raises 2025 adjusted EPS guidance, initiates 2026 guidance

Outlook

CMS Energy raises 2025 adjusted EPS guidance to $3.56-$3.60

Company initiates 2026 adjusted EPS guidance of $3.80-$3.87

CMS Energy reaffirms long-term adjusted EPS growth of 6-8%

Result Drivers

REGULATORY OUTCOMES - Constructive regulatory outcomes in natural gas rate case and Renewable Energy Plan contributed to results, per CEO Garrick Rochow

FAVORABLE WEATHER - Company attributes year-to-date adjusted EPS growth to favorable weather conditions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.02 bln
$1.84 bln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.93
$0.84 (11 Analysts)
Q3 EPS
$0.92
Q3 Net Income
$272 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 $79.50, about 9.1% above its October 29 closing price of $72.29

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

Press Release: ID:nPnz5Z2ga

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(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.)