CMS

A month has gone by since the last earnings report for CMS Energy (CMS). Shares have lost about 0.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is CMS Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. CMS Energy Q1 Earnings Beat Estimates, Revenues Increase Y/YCMS Energy Corporation reported first-quarter 2026 earnings per share (EPS) of $1.13, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.The company reported GAAP earnings of $1.10 per share, up from $1.01 recorded in the year-ago quarter. Operating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 billion in the prior-year quarter. CMS' operating expenses amounted to $2.24 billion, up 14.7% from the year-ago quarter’s figure.Operating income was $490 million, lower than the year-ago quarter’s figure of $494 million. Interest charges totaled $203 million, up 9.1% from that recorded in the year-ago quarter. CMS Energy had cash and cash equivalents of $175 million as of March 31, 2026 compared with $509 million as of Dec. 31, 2025.As of March 31, 2026, total debt and financial leases (excluding securitization debt) were $18.54 billion compared with $18.31 billion as of Dec. 31, 2025.The net cash flow from operating activities was $0.71 billion during the first three months of 2026 compared with $1 billion in the prior-year period. The company reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%. Since the earnings release, investors have witnessed a downward trend in estimates revision. At this time, CMS Energy has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of F. If you ar...

JACKSON, Mich., May 8, 2026 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock. The following dividend is payable July 1, 2026, to shareholders of record at the close of business on June 1, 2026: $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses. For more information on CMS Energy, please visit our website at cmsenergy.com. To sign up for email alert notifications, please visit the Investor Relations section of our website. View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-the-principal-subsidiary-of-cms-energy-declares-quarterly-dividend-on-preferred-stock-302767154.html

JACKSON, Mich., May 8, 2026 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable July 15, 2026, to shareholders of record at the close of business on July 1, 2026: $0.2625 per depositary share (NYSE: CMS PRC). Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses. For more information on CMS Energy, please visit our website at cmsenergy.com. To sign up for email alert notifications, please visit the Investor Relations section of our website. View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energy-declares-quarterly-dividend-on-cumulative-redeemable-perpetual-preferred-stock-302767195.html

Consolidated Edison, Inc. ED reported first-quarter 2026 adjusted earnings of $2.17 per share, which missed the Zacks Consensus Estimate of $2.32 by 6.6%. The bottom line declined 3.6% from $2.25 recorded in the prior-year quarter. The company reported GAAP earnings of $2.55 per share, up from $2.26 recorded in the year-ago quarter. In the reported quarter, Consolidated Edison's total operating revenues of $5.1 billion surpassed the Zacks Consensus Estimate of $4.95 billion by 3%. The top line increased 6.2% from $4.8 billion reported in the year-ago quarter. Consolidated Edison Inc price-consensus-eps-surprise-chart | Consolidated Edison Inc Quote Electric revenues totaled $3.04 billion, which increased 4.8% from the year-ago quarter’s figure of $2.9 billion. Gas revenues amounted to $1.62 billion, which surged 5.2% from the year-ago quarter’s figure of $1.54 billion. Steam revenues totaled $432 million, which rose 22% from the year-ago quarter’s figure of $354 million. Non-utility revenues amounted to $1 million compared to nil revenues in the year-ago quarter. Total operating expenses in the first quarter increased 6.8% year over year to $3.92 billion. Purchase power costs rose 4.9%. Other operations and maintenance expenses decreased 1.3%. Depreciation and amortization expenses jumped 1.4%. Taxes, other than income taxes, went up 9.3% year over year. Fuel expenses surged 48.8% year over year and the cost of gas purchased for resale rose 17.7%. The company’s first-quarter operating income went up 4.6% year over year to $1.18 billion. During the first quarter, the company completed the sale of its nearly 6.6% interest in Mountain Valley Pipeline, LLC (“MVP”) to the two founding members of MVP for total aggregate consideration of $357.5 million, before certain closing adjustments and expenses. Cash and temporary cash investments as of March 31, 2026, totaled $0.15 billion compared with $1.63 billion as of Dec. 31, 2025. The company’s long-term debt was $25.554 billion as of March 31, 2026, compared with $25.551 billion as of 2025-end. Cash from operating activities in the first three months of 2026 amounted to $128 million compared with $763 million in the prior-year period. Consolidated Edison has reaffirmed its 2026 guidance. It expects adjusted earnings to be in the range of $6.00-$6.20 per share. The Zacks Consensus Estimate for 2026 earnings is pegged...

Ameren Corporation AEE reported first-quarter 2026 earnings of $1.28 per share, which beat the Zacks Consensus Estimate of $1.17 by 9.9%. The bottom line increased 19.6% from the year-ago quarter’s recorded figure. The quarterly results reflected earnings on infrastructure investments to improve system reliability, resilience, and service quality for its Ameren Missouri and Illinois electric and natural gas customers. Total revenues were $2.18 billion, up 3.8% year over year. The top line missed the Zacks Consensus Estimate of $2.24 billion by 2.9%. Ameren Corporation price-consensus-eps-surprise-chart | Ameren Corporation Quote Ameren’s total electricity sales volumes decreased 4.2% to 17,052 million kilowatt-hours (kWh) compared with 17,808 million kWh in the year-ago period. Gas volumes declined 5.4% year over year to 70 million dekatherms. Total operating expenses were $1.64 billion, down 1.4% year over year. The company’s interest expenses in the first quarter totaled $204 million compared with the prior-year quarter’s $175 million. The Ameren Missouri segment reported adjusted earnings of $76 million compared with $42 million a year ago. The year-over-year increase was driven by earnings from higher infrastructure investments, including those incorporated into electric and natural gas service rates that became effective on June 1, 2025, and Sept. 1, 2025, respectively. The Ameren Illinois Electric Distribution segment reported adjusted earnings of $66 million compared with $63 million in the year-ago quarter. The Ameren Illinois Natural Gas segment reported adjusted earnings of $122 million compared with $108 million in the prior-year quarter. The Ameren Transmission segment reported adjusted earnings of $98 million compared with $89 million in the year-ago quarter. Ameren reported cash and cash equivalents of $13 million as of March 31, 2026, which remained unchanged sequentially. As of March 31, 2026, the long-term debt totaled $19 billion compared with $18.21 billion as of Dec. 31, 2025. Net cash flows from operating activities in the first three months of 2026 were $421 million compared with $431 million in 2025. Ameren has reaffirmed its 2026 earnings guidance. It expects to generate earnings per share (EPS) in the range of $5.25-$5.45. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.32, which is lower that the midpoint of the compa...

Duke Energy Corporation's DUK first-quarter 2026 earnings of $1.93 per share surpassed the Zacks Consensus Estimate of $1.79 by 7.6%. The bottom line increased 9.7% from $1.76 reported in the year-ago quarter. Total operating revenues were $9.18 billion, which beat the Zacks Consensus Estimate of $8.4 billion by 9%. The top line increased 11.3% from $8.25 billion in the year-ago period. Duke Energy Corporation price-consensus-eps-surprise-chart | Duke Energy Corporation Quote Operating expenses amounted to $6.84 billion, up 15.6% year over year. The increase was primarily driven by higher expenses for fuel used in electric generation and purchased power, cost of natural gas, operation, maintenance and other and depreciation and amortization. The operating income totaled $2.73 billion compared with $2.34 billion in the year-ago quarter. Interest expenses rose to $968 million from $889 million in the first quarter of 2025. The average number of customers in its Electric Utilities and Infrastructure increased 1.4% year over year. Total electric sales volume for the reported quarter went up 0.3% year over year to 65,454 gigawatt-hours. Electric Utilities & Infrastructure: This segment’s adjusted earnings totaled $1.4 billion, up from $1.28 billion in the first quarter of 2025. This was primarily driven by the recovery of infrastructure investments aimed at reliably serving customers across its expanding jurisdictions, along with favorable weather conditions. These positives were partially offset by higher O&M expenses, including storm-related costs, as well as increased depreciation tied to a growing asset base. Gas Utilities & Infrastructure: Adjusted earnings from this segment amounted to $361 million compared with $349 million in the first quarter of 2025. Other: The segment includes corporate interest expenses not allocated to other business units, resulting from Duke Energy’s captive insurance company and other investments. On an adjusted basis, this segment incurred a loss of $263 million compared with a loss of $260 million in the first quarter of 2025. As of March 31, 2026, Duke Energy had cash & cash equivalents of $2.14 billion compared with $0.245 billion as of Dec. 31, 2025. As of March 31, 2026, the long-term debt was $80.48 billion compared with $80.11 billion as of Dec. 31, 2025. During the first three months of 2026, the company generated net cas...

American Electric Power Company, Inc. AEP reported first-quarter 2026 operating earnings of $1.64 per share, which beat the Zacks Consensus Estimate of $1.55 by 5.8%. Operating earnings increased 6.5% from $1.54 in the year-ago quarter. On a GAAP basis, AEP posted earnings of $1.61 per share, up from $1.50 a year ago. AEP generated total revenues of $6.02 billion, up 10.2% from $5.46 billion in the prior-year quarter. The top line also came in ahead of the Zacks Consensus Estimate of $5.68 billion by 6.0%. The company’s quarter reflected continued demand growth across its service territory, with management pointing to seven gigawatts of new load agreements signed during the first quarter, largely in Ohio and Texas. AEP also highlighted that its incremental contracted load is expected to expand to 63 gigawatts by 2030, supported by signed agreements with large-load customers. American Electric Power Company, Inc. price-consensus-eps-surprise-chart | American Electric Power Company, Inc. Quote Vertically Integrated Utilities: Operating earnings increased to $464 million from $350 million in the year-ago quarter, supported by stronger underlying utility performance. This segment remained AEP’s largest profit contributor for the period. Transmission & Distribution Utilities: Operating earnings came in at $237 million, up from $192 million a year ago. The improvement reflected stronger results in the distribution-focused utilities compared with the prior-year base. AEP Transmission Holdco: Operating earnings totaled $209 million, down from $235 million in first-quarter 2025. Despite its strategic importance, this segment was the primary drag on year-over-year operating earnings growth. Generation & Marketing: Operating earnings rose to $90 million from $76 million a year earlier. The improvement indicated better performance in the company’s marketing, risk management and related market activities compared with the year-ago quarter. Corporate and Other: The segment reported an operating loss of $109 million, wider than the $30 million loss posted in the prior-year period. The larger loss meaningfully offset gains elsewhere across the portfolio. American Electric expects to generate earnings in the band of $6.15-$6.45 per share. The Zacks Consensus Estimate for earnings is pegged at $6.33 per share, which lies above the midpoint of the company’s projected range. Am...

DTE Energy Company DTE delivered first-quarter 2026 earnings per share of $1.95, lagging the Zacks Consensus Estimate of $1.98 by 1.5%. The bottom line decreased 7.14% from the year-ago reported figure of $2.10. Results reflected continued customer-focused investment, highlighted by more than $1.2 billion deployed across the utilities during the quarter and an ongoing push to support large-load growth opportunities in Michigan. Beyond the quarter’s earnings surprise, DTE leaned into execution against its reliability and modernization agenda. During first-quarter 2026, the company invested $400 million in electric distribution infrastructure to strengthen grid resiliency. Those efforts were paired with operational outcomes management emphasized as evidence of progress. DTE cited 60% fewer outages compared with similar historical weather events in the first quarter, while noting that 99% of affected customers saw power restored in less than 48 hours. DTE Energy Company price-consensus-eps-surprise-chart | DTE Energy Company Quote While the company’s operating earnings were $407 million in the quarter, down from $436 million a year ago, the path to that outcome was shaped by sizable swings across segments. DTE Electric was a key offset, with operating earnings of $218 million compared with $147 million in first-quarter 2025. By contrast, the DTE Gas segment reported operating earnings of $210 million in first-quarter 2026, up from $206 million in the year-ago quarter. Non-Utility Operations delivered operating earnings of $23 million in first-quarter 2026, down from $73 million in the year-ago quarter. Large-load contracting continued to stand out as a strategic theme. DTE highlighted the 1.4 gigawatt (GW) Oracle data center agreement as approved and in plan, with construction started, and said it executed an agreement with Google to serve a 1.0 GW data center that has been submitted to the Michigan Public Service Commission for approval. Management framed these contracts around affordability and customer protections. The company quantified the Oracle project as providing about $300 million of annual affordability benefits for existing customers once fully ramped, while the Google agreement is expected to generate about $1.7 billion of affordability benefits over the life of the contract. DTE also pointed to additional pipeline discussions representing roughly...

IDACORP, Inc. IDA has reported first-quarter 2026 earnings of $1.21 per share, which topped the Zacks Consensus Estimate of $1.12 by 8%. The company’s earnings improved 10% from $1.10 in the year-ago quarter. The year-over-year improvement was due to customer growth and rate changes. Total revenues in the first quarter of 2026 were $403.4 million, lagging the Zacks Consensus Estimate of $460 million by 12.3%. The metric also declined 6.7% from $432.5 million in the year-ago quarter. IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote IDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $5 million from the year-ago level. Other operations and maintenance expenses were $13.1 million, higher than the year-earlier level. This was mainly driven by increased wildfire mitigation program expenses and the amortization of previously deferred costs related to the conversion of generating units at the Jim Bridger power plant from coal to natural gas. IDACORP's net income increased $8.4 million from the prior-year level due to higher net income at Idaho Power. As of March 31, 2026, cash and cash equivalents were $337.8 million compared with $215.7 million as of Dec. 31, 2025. The long-term debt was $3.68 billion as of March 31, 2026, compared with $3.33 billion as of Dec. 31, 2025. In the first three months of 2026, net cash provided by operating activities was $75.8 million compared with $124.3 million in the prior-year period. IDACORP expects 2026 earnings of $6.25-$6.45 per share. The Zacks Consensus Estimate for earnings is pegged at $6.39 per share, which is higher than the midpoint of the company’s guided range. IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. The company expects O&M expenses of $525-$535 million. Management anticipates adding hydropower of 5.5-7 MWh in 2026 compared with the previously mentioned 5.5-7.5 MWh. IDACORP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CenterPoint Energy, Inc. CNP reported first-quarter 2026 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate of 58 cents by 3.8%. However, the bottom line increased 5.7% from 53 cents in the year-ago quarter. CNP generated revenues of $2.98 billion, which lagged the Zacks...

Edison International EIX reported first-quarter 2026 adjusted earnings of $1.42 per share, which surpassed the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.6% from $1.37 in the year-ago quarter. The company recorded GAAP earnings of $1.38 per share compared with $3.73 in the first quarter of 2025. Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line also increased 7.7% from the year-ago quarter’s figure of $3.81 billion. Edison International price-consensus-eps-surprise-chart | Edison International Quote During the first quarter of 2026, EIX’s total operating expenses rose 80.6% year over year to $3.03 billion. Purchased power and fuel costs decreased 7.4% year over year, while depreciation and amortization expenses rose 12.4% during the same time frame. Operation and maintenance (O&M) costs increased 3.5% in the first quarter of 2026, whereas property and other taxes climbed 7.8%. The operating income amounted to $1.07 billion during the first quarter of 2026 compared with $2.13 billion in the prior-year period. Southern California Edison’s first-quarter adjusted earnings were $1.65 per share compared with $1.61 in the year-ago quarter. The year-over-year increase was due to the adoption of the 2025 GRC final decision in the third quarter of 2025, partially offset by the absence of a benefit to interest expense related to cost recoveries authorized under the TKM Settlement Agreement in 2025. Edison International Parent and Other incurred an adjusted loss of 23 cents per share compared with the year-ago quarter’s loss of 24 cents. The year-over-year decrease was due to lower preferred stock dividends. As of March 31, 2026, Edison International's cash and cash equivalents amounted to $168 million compared with $158 million as of Dec. 31, 2025. The long-term debt was $37.31 billion as of March 31, 2026, higher than the 2025-end level of $36.07 billion. Net cash flow from operating activities during the first three months of 2026 was $1.43 billion compared with net cash flow of $1.22 billion in the prior-year period. Total capital expenditures were $1.54 billion as of March 31, 2026, higher than $1.41 billion in the year-ago period. EIX expects to generate earnings in the range of $5.86-$6.16 per share. The Zacks Consensus Estim...

Entergy Corporation ETR reported first-quarter 2026 earnings of 86 cents per share, which missed the Zacks Consensus Estimate of 89 cents by 3.2%. However, the bottom line increased 4.9% from the year-ago quarter’s figure of 82 cents. Revenues climbed 12% year over year to $3.19 billion and topped the consensus mark of $3.01 billion by 6.1%. Operationally, demand remained firm. Weather-adjusted retail sales increased 6.0%, led by a 14.9% jump in industrial volume, reflecting higher sales to data center, primary metals and transportation customers. Entergy Corporation price-consensus-eps-surprise-chart | Entergy Corporation Quote ETR’s Utility business delivered $1.17 per share in earnings, up from $1.11 in the prior-year quarter, supported by the net effect of regulatory actions across operating companies and return on construction work in progress for certain utility plant investments. Parent & Other remained a drag. The segment posted an adjusted loss of 31 cents per share compared with a 29-cent loss a year ago, with higher interest expense cited as a key headwind. Results also included an $18 million pre-tax non-cash impairment charge related to the expected sale of a non-utility business interest in the Independence power plant, which was excluded from adjusted earnings. Despite the revenue upside and higher adjusted earnings, Entergy’s quarter fell short of expectations as financing and non-fuel costs weighed on per-share results. Interest expense increased year over year, reflecting higher debt balances and rising interest rates, and the company also cited higher depreciation and amortization tied to higher plant in service and rate-related changes. Total retail sales rose 4.5% year over year and weather-adjusted growth was stronger at 6.0%, as industrial demand more than offset softer residential and commercial usage. As of March 31, 2026, Entergy had cash and cash equivalents of $3.57 billion compared with $1.93 billion as of Dec. 31, 2025. Long-term debt totaled $31.15 billion compared with $27.9 billion as of Dec. 31, 2025. Entergy’s cash generation strengthened in the quarter. Net cash provided by operating activities totaled $829 million, up from $536 million a year ago. ETR reaffirmed 2026 adjusted earnings guidance of $4.25-$4.45 per share. The company also updated longer-term targets, lifting its adjusted earnings outlooks to $4.90-$5.20 for...

This article first appeared on GuruFocus. Adjusted Earnings Per Share (EPS): $1.13 for the first quarter. Full Year EPS Guidance: $3.83 to $3.90 per share, with confidence toward the high end. Adjusted Net Income: $346 million for the first quarter. Rate Relief Net of Investments: $0.11 per share positive variance. Storm Activity Cost Impact: $0.05 per share negative variance due to a significant ice storm. Equity Forward Contracts: Approximately $495 million executed, with $142 million settled during the quarter. Credit Ratings: Moody's and Fitch reaffirmed credit ratings; Moody's moved the utility to a negative outlook. Warning! GuruFocus has detected 10 Warning Signs with CMS. Is CMS fairly valued? Test your thesis with our free DCF calculator. Release Date: April 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CMS Energy Corp (NYSE:CMS) reported adjusted earnings per share of $1.13 for the first quarter, showing favorable performance compared to the previous year. The company maintains a strong regulatory environment with over 65% approval of their electric rate case ask and a maintained 9.9% ROE. CMS Energy Corp (NYSE:CMS) has a robust growth pipeline, including a 20-year Integrated Resource Plan with significant renewable and clean energy investments. The company has signed contracts for approximately 110 megawatts of new load year-to-date, indicating strong demand and growth potential. CMS Energy Corp (NYSE:CMS) continues to focus on customer affordability, with Michigan electric bills being the 14th lowest in the nation. CMS Energy Corp (NYSE:CMS) faced a significant ice storm in March, resulting in a $0.05 per share negative variance due to increased storm-related costs. Moody's moved the utility to a negative outlook, citing concerns over the size of the five-year capital investment plan relative to cost recovery timing. The company anticipates $0.23 per share of negative variance for the remaining nine months of the year due to the absence of favorable temperatures experienced in 2025. CMS Energy Corp (NYSE:CMS) is facing challenges in the zoning process for data center projects, which could delay potential growth opportunities. The company has significant equity needs, planning to issue approximately $700 million over the course of the year, which could impact shareholder value. Q: The...