- CMS Energy (CMS, Financial) reported Q1 2025 earnings per share of $1.01, a 5.2% increase from $0.96 in Q1 2024.
- Operating revenue grew by 12.5% year-over-year to $2.447 billion.
- Net income available to common stockholders rose to $302 million from $285 million year-over-year.
CMS Energy (CMS), a Michigan-based utility company, announced its first quarter results for 2025, showcasing robust financial growth across multiple metrics. The company reported a 5.2% year-over-year increase in earnings per share (EPS), totaling $1.01 compared to $0.96 in the same period last year. On an adjusted basis, EPS also rose to $1.02 from $0.97.
Revenues for CMS Energy surged by 12.5%, reaching $2.447 billion, a considerable climb from last year's $2.176 billion. This increase in revenue translated into a 19.9% boost in operating income, which amounted to $494 million, up from $412 million in Q1 2024. The net income available to common stockholders showed a growth of 6%, totaling $302 million.
The company reaffirmed its adjusted earnings guidance for 2025, projecting a range of $3.54 to $3.60 per share. CMS Energy also maintains a long-term adjusted EPS growth target of 6% to 8%, with confidence toward achieving the high end of this target.
The first quarter's performance was bolstered by a favorable electric rate case outcome in March, which supported essential investments in the company's electric Reliability Roadmap. This aligns with ongoing economic development efforts and customer investment projects in both electric and gas systems.
Garrick Rochow, President and CEO of CMS Energy, expressed optimism, stating, "Results from the first quarter show we are on track to deliver operationally and financially for 2025." The company's strategic investments and operational improvements signify a positive financial trajectory for the remainder of the year.
