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Cms Energy Corp (CMS) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Cms Energy Corp

CIK: 811156 Ticker: CMS

Exhibit 99.1

 

CMS Energy Announces Strong Second Quarter
Performance with Confidence Toward the High End
of 2021 EPS Guidance

 

JACKSON, Mich., July 29, 2021 – CMS Energy announced today reported earnings per share of $0.61 for the second quarter of 2021, compared to $0.48 per share for the same quarter in 2020. The company’s reported earnings per share from continuing operations were $0.55 for the second quarter of 2021, compared to $0.45 per share for the same quarter in 2020, which exclude the discontinued operations of EnerBank given the pending sale

. The company’s adjusted earnings per share from continuing operations were $0.55 for the second quarter of 2021, compared to $0.46 per share for the same quarter in 2020, which exclude the discontinued operations of EnerBank given the pending sale.

 

2021 Financial Results

 

   Q2   YTD 
Reported Total EPS (GAAP)  $0.61   $1.82 
    Plus: Disposal of Disc. Ops.   0.01    0.01 
    Less: EnerBank Disc. Ops.   (0.07)   (0.19)
Reported (GAAP) and Adj. Continuing Ops. EPS (non-GAAP)  $0.55   $1.64 

 

“CMS Energy is in a solid position to deliver on our commitments to our customers, co-workers, communities, the planet and our investors with a focus on being a world class energy company,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “With our recent Integrated Resource Plan filing and pending sale of EnerBank, we are well positioned to fund and implement key initiatives related to our clean energy transformation while also expecting to be toward the high end of our 2021 guidance range.”

 


The following information was filed by Cms Energy Corp (CMS) on Thursday, July 29, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Changes In Equity (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Consolidated Statements Of Income (Unaudited)
Consolidated Statements Of Income (Unaudited) (Parenthetical)
Cash And Cash Equivalents
Cash And Cash Equivalents (Schedule Of Cash And Cash Equivalents, Including Restricted Amounts) (Details)
Cash And Cash Equivalents (Tables)
Contingencies And Commitments
Contingencies And Commitments (Contingencies And Commitments) (Details)
Contingencies And Commitments (Expected Remediation Cost By Year) (Details)
Contingencies And Commitments (Guarantees) (Details)
Contingencies And Commitments (Tables)
Earnings Per Share - Cms Energy
Earnings Per Share - Cms Energy (Basic And Diluted Eps Computations) (Details)
Earnings Per Share - Cms Energy (Tables)
Exit Activities And Discontinued Operations
Exit Activities And Discontinued Operations - (Tables)
Exit Activities And Discontinued Operations - Assets And Liabilities Of Discontinued Operation (Details)
Exit Activities And Discontinued Operations - Income From Discontinued Operations (Details)
Exit Activities And Discontinued Operations - Narrative (Details)
Exit Activities And Discontinued Operations - Schedule Of Retention Benefit Liability Roll Forward (Details)
Fair Value Measurements
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Financial Instruments
Financial Instruments (Schedule Of Carrying Amounts And Fair Values Of Financial Instruments) (Details)
Financial Instruments (Tables)
Financings And Capitalization
Financings And Capitalization (Forward Stock Contracts) (Details)
Financings And Capitalization (Narrative) (Details)
Financings And Capitalization (Revolving Credit Facilities) (Details)
Financings And Capitalization (Tables)
Income Taxes
Income Taxes (Schedule Of Effective Income Rate Reconciliation) (Details)
Income Taxes (Tables)
Regulatory Matters
Regulatory Matters - Quarterly Narrative (Details)
Reportable Segments
Reportable Segments (Details)
Reportable Segments (Tables)
Retirement Benefits
Retirement Benefits (Schedule Of Net Benefit Costs) (Details)
Retirement Benefits (Tables)
Revenue
Revenue (Components Of Operating Revenue) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Significant Accounting Policies (Policy)
Variable Interest Entities
Variable Interest Entities (Consolidated Information Of Variable Interest Entity) (Details)
Variable Interest Entities (Narrative) (Details)
Variable Interest Entities (Tables)
Ticker: CMS
CIK: 811156
Form Type: 10-Q Quarterly Report
Accession Number: 0000811156-21-000054
Submitted to the SEC: Thu Jul 29 2021 10:22:52 AM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Electric And Other Services Combined

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