CMS Energy Corporation (CMS)

The company now

CMS Energy reported third-quarter 2026 earnings of $0.39 per share on 27 October, down from $0.92 a year earlier 1. On an adjusted basis, which leaves out one-time items, the quarter was $1.44 per share against $0.93 1.

The gap came from the restructuring of NorthStar Clean Energy, its non-utility power arm 1. Impairment charges of $454 million were recorded in the quarter, and $102 million of that was attributed to partners' noncontrolling interests 2.

Operating revenue for the quarter was $2,183 million, up from $2,021 million 1. The company reaffirmed adjusted earnings guidance of $3.83 to $3.90 per share for 2026 and $4.08 to $4.17 for 2027 1.

On 3 November the company issued $1 billion of 6.800% junior subordinated notes due 2057, with proceeds meant to repay two series of senior notes due in 2027 3.

Sales of the NorthStar projects are in various stages of negotiation, the company says 2. A state order on the sale of Consumers' 13 river dams is expected in November 2026 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.