Earnings summaries and quarterly performance for CMS ENERGY.
Executive leadership at CMS ENERGY.
Garrick Rochow
Detailed
President and Chief Executive Officer
CEO
Brandon Hofmeister
Detailed
Senior Vice President, Sustainability and External Affairs
LeeRoy Wells Jr.
Detailed
Senior Vice President, Operations
Rejji Hayes
Detailed
Executive Vice President and Chief Financial Officer
Shaun Johnson
Detailed
General Counsel and Senior Vice President, Business Optimization
Board of directors at CMS ENERGY.
Research analysts who have asked questions during CMS ENERGY earnings calls.
Andrew Weisel
Scotiabank
5 questions for CMS
Also covers: AEP, BKH, CEG +13 more
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for CMS
Also covers: AEE, AEP, AM +45 more
Julien Dumoulin-Smith
Jefferies
5 questions for CMS
Also covers: AEE, AEP, AES +54 more
Travis Miller
Morningstar
5 questions for CMS
Also covers: DTE, ES, ETR +10 more
Shahriar Pourreza
Guggenheim Partners
3 questions for CMS
Also covers: AEE, AEP, AVA +29 more
Chariza
Wells Fargo & Company
2 questions for CMS
Durgesh Chopra
Evercore ISI
2 questions for CMS
Also covers: AEE, AEP, AES +22 more
Nicholas Campanella
Barclays
2 questions for CMS
Also covers: AEE, AEP, AES +32 more
Angie Storozynski
Seaport Research Partners
1 question for CMS
Also covers: AGR, AWK, CEG +8 more
Anthony Crowdell
Mizuho Financial Group
1 question for CMS
Also covers: AEE, AEP, AES +30 more
David Arcaro
Morgan Stanley
1 question for CMS
Also covers: AEP, AES, ATO +32 more
Gregg Orrill
UBS Group AG
1 question for CMS
Also covers: AWK, EIX, PCG +4 more
Julianna Dumlao-Smith
Jefferies
1 question for CMS
Ross Carlo
Bank of America
1 question for CMS
Sophie Karp
KeyBanc Capital Markets Inc.
1 question for CMS
Also covers: AGR, AVA, CEG +12 more
Recent press releases and 8-K filings for CMS.
CMS Energy announces indenture for 3.125% convertible notes due 2031
CMS
Debt Issuance
- On November 6, 2025, CMS Energy and The Bank of New York Mellon, as trustee, executed an indenture establishing 3.125% convertible senior notes due May 1, 2031.
- The indenture permits issuance of up to $1.0 billion aggregate principal amount of the notes.
- The notes bear interest at 3.125% per annum, payable semi-annually on May 1 and November 1 (beginning May 1, 2026), and include customary conversion provisions into common stock.
Nov 6, 2025, 4:23 PM
CMS Energy prices upsized $850 M convertible notes due 2031
CMS
Debt Issuance
- CMS Energy Corporation priced an upsized offering of $850 million aggregate principal amount of 3.125% convertible senior notes due May 1, 2031, with a $150 million overallotment option.
- Net proceeds are expected to be approximately $839.3 million (or $987.7 million if the option is exercised) and will be used to retire $250 million of 3.60% Senior Notes due November 15, 2025, with remaining proceeds for general corporate purposes.
- The notes bear interest at 3.125% per annum, payable semiannually, and will be convertible into 11.0360 shares of common stock per $1,000 principal amount (initial conversion price approx. $90.61 per share), subject to adjustment.
- The notes are non-redeemable until May 7, 2029; thereafter, CMS Energy may redeem notes if the stock trades at or above 130% of the conversion price for 20 of 30 trading days.
Nov 4, 2025, 11:38 AM
CMS Energy prices $850 million convertible notes offering
CMS
Debt Issuance
- CMS Energy priced $850 million aggregate principal amount of 3.125% convertible senior notes due 2031, upsized from $750 million with an option for an additional $150 million, expected to close on November 6, 2025.
- Net proceeds are expected to be approximately $839.3 million (or $987.7 million if the option is fully exercised) to retire $250 million of 3.60% Senior Notes due 2025 and for general corporate purposes.
- The notes are senior unsecured obligations bearing 3.125% interest, payable semiannually on May 1 and November 1, maturing on May 1, 2031.
- The initial conversion rate is 11.0360 shares per $1,000 principal (approximately $90.61 per share), representing a 25% premium to the last reported sale price on November 3, 2025.
Nov 4, 2025, 11:25 AM
CMS Energy announces proposed offering of $750M convertible senior notes due 2031
CMS
Debt Issuance
- CMS Energy plans a private placement of $750 million in convertible senior notes due 2031, with an option to upsell an additional $112.5 million.
- Net proceeds will retire $250 million of 3.60% Senior Notes maturing November 15, 2025, and fund general corporate purposes.
- Notes will be senior, unsecured obligations, convertible at holders’ option into cash, common stock, or a combination, with interest payable semiannually in arrears.
- Offering is made exclusively to qualified institutional buyers under Rule 144A and notes are unregistered under the Securities Act.
Nov 3, 2025, 12:09 PM
CMS Energy offers $750M convertible notes due 2031
CMS
Debt Issuance
- $750 million aggregate principal amount of convertible senior notes due 2031 being offered in a private placement, with an option to purchase an additional $112.5 million.
- Net proceeds will retire $250 million of 3.60% Senior Notes maturing November 15, 2025, with the remainder used for general corporate purposes.
- Notes are senior, unsecured obligations paying semiannual interest and convertible into cash, common stock, or a combination at CMS Energy’s election upon meeting certain conditions.
- Offered only to qualified institutional buyers under Rule 144A via a private offering memorandum; notes and underlying shares are unregistered.
Nov 3, 2025, 11:50 AM
CMS Energy reports Q3 2025 adjusted EPS and updates full-year outlook
CMS
Earnings
Guidance Update
Dividends
- CMS Energy delivered 3Q 2025 adjusted EPS of $0.93, up from $0.84 in 3Q 2024, driving YTD adjusted EPS of $2.66, versus $2.47 a year earlier.
- The company affirmed 2025 full-year adjusted EPS guidance of $3.56–$3.60, aiming toward the high end, and provided 2026 EPS guidance of $3.80–$3.87.
- Annual dividend increased to $2.11 per share (up $0.11), supporting a ~3% dividend yield alongside a 6–8% EPS growth target.
- Consumers Energy and CMS Energy maintained investment-grade credit ratings (Consumers Energy: S&P A, Moody’s A1, Fitch A+; CMS Energy: BBB/Baa2/BBB) with stable outlooks and ~$2.1 billion of net liquidity.
Oct 30, 2025, 1:30 PM
CMS Energy reports strong Q3 2025 results and raises full-year guidance
CMS
Earnings
Guidance Update
New Projects/Investments
- Regulatory wins with Michigan regulators approving an additional 8 GW of solar and 2.8 GW of wind through 2035, ~75% of the electric rate case capital ask, and 95% of gas infrastructure investments
- Connected 450 MW of industrial growth YTD and signed ~100 MW of new contracts; secured a 1 GW data center deal starting early 2030, with two more large data centers in advanced stages of development
- YTD adjusted EPS of $2.66, up $0.19 YoY; raised 2025 EPS guidance to $3.56–3.60 and initiated 2026 guidance at $3.80–3.87
- Five-year $20 B customer investment plan with over $25 B in additional opportunities, emphasizing renewables, battery storage, gas capacity, and distribution reliability improvements
Oct 30, 2025, 1:30 PM
CMS Energy reports Q3 2025 results and updates guidance
CMS
Earnings
Guidance Update
New Projects/Investments
- CMS Energy delivered adjusted EPS of $2.66 for the first nine months, up $0.19 vs. 2024, raised FY 2025 guidance to $3.56–3.60 per share, and initiated FY 2026 guidance at $3.80–3.87 per share.
- Received regulatory approval for an additional 8 GW of solar and 2.8 GW of wind through 2035, and secured ~75% of its electric rate request and ~95% of gas infrastructure investments in recent rate cases.
- Connected ~450 MW of industrial load YTD, secured another ~100 MW of contracts, and has three large data centers (~2 GW) in final development stages pending a large-load tariff expected Nov. 7.
- Maintains a $20 billion five-year customer investment plan with over $25 billion of additional opportunities under its Electric Reliability Roadmap, Renewable Energy Plan, and upcoming mid-2026 Integrated Resource Plan.
Oct 30, 2025, 1:30 PM
CMS Energy reports Q3 2025 results
CMS
Earnings
Guidance Update
New Projects/Investments
- Year-to-date adjusted EPS of $2.66, up $0.19 YoY; raised FY2025 guidance to $3.56–$3.60 and set FY2026 guidance at $3.80–$3.87 per share.
- Secured Michigan regulatory approvals for an additional 8 GW solar and 2.8 GW wind through 2035; gas rate case approved ~75% of request and 95% of infrastructure investments, supporting capital recovery.
- Connected 450 MW of planned 900 MW industrial load growth YTD and signed 100 MW more; data center pipeline includes up to 1 GW of new load beginning in 2030.
- Maintaining a $20 B five-year capital plan with > $25 B of additional opportunities; expecting increased battery storage and natural gas capacity, leveraging a balanced owned/PPA mix.
Oct 30, 2025, 1:30 PM
CMS Energy reports Q3 2025 results and raises guidance
CMS
Earnings
Guidance Update
- CMS Energy reported third-quarter 2025 EPS of $0.92 (adjusted EPS of $0.93), up from $0.84 in Q3 2024.
- For the first nine months of 2025, EPS was $2.59 (adjusted $2.66), compared to $2.45 ($2.47) a year earlier.
- The company raised its 2025 adjusted EPS guidance to $3.56–$3.60 (from $3.54–$3.60) and initiated 2026 adjusted EPS guidance of $3.80–$3.87 per share.
- Reaffirmed long-term adjusted EPS growth of 6–8%, driven by constructive regulatory outcomes and favorable weather.
Oct 30, 2025, 10:30 AM
Quarterly earnings call transcripts for CMS ENERGY.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more