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Cms Energy Corp (CMS) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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CMS Quarterly Reports

Cms Energy Corp

CIK: 811156 Ticker: CMS

Exhibit 99.1

 

 

 

CMS Energy Announces Strong Second Quarter Results, Reaffirms 2022 Adjusted EPS Guidance

 

JACKSON, Mich., July 28, 2022 – CMS Energy announced today reported earnings per share of $0.50 for the second quarter of 2022, compared to $0.61 per share for the same quarter in 2021. The company’s adjusted earnings per share for the second quarter of 2022 were $0.53, compared to $0.55 per share for the same quarter in 2021. For the first six months of the year, the company reported $1.71 per share compared to $1.82 per share for the same timeframe in 2021. On an adjusted earnings per share basis year to date, the company reported $1.73 per share in 2022, compared to $1.64 per share in 2021.

 

CMS Energy reaffirmed its 2022 adjusted earnings guidance of $2.85 to $2.89* per share (*See below for important information about non-GAAP measures) and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the adjusted EPS growth range.

 

“Our company took a major step forward with the regulatory approvals of our natural gas rate case settlement and the Integrated Resource Plan, eliminating coal generation by 2025 and leading the clean energy transformation by adding more solar and battery storage, while increasing reliability,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “These approvals strengthen our financial outlook for investors while driving the decarbonatization of our electric and gas systems at affordable prices for our customers and the communities we serve.”

 

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.

 

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The following information was filed by Cms Energy Corp (CMS) on Thursday, July 28, 2022 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
Cms Energy Corporation Consolidated Balance Sheets (Unaudited)
Cms Energy Corporation Consolidated Balance Sheets (Unaudited) (Parenthetical)
Cms Energy Corporation Consolidated Statements Of Cash Flows (Unaudited)
Cms Energy Corporation Consolidated Statements Of Changes In Equity (Unaudited)
Cms Energy Corporation Consolidated Statements Of Comprehensive Income (Unaudited)
Cms Energy Corporation Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Cms Energy Corporation Consolidated Statements Of Income (Unaudited)
Cms Energy Corporation Consolidated Statements Of Income (Unaudited) (Parenthetical)
Consumers Energy Company Consolidated Balance Sheets (Unaudited)
Consumers Energy Company Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consumers Energy Company Consolidated Statements Of Cash Flows (Unaudited)
Consumers Energy Company Consolidated Statements Of Changes In Equity (Unaudited)
Consumers Energy Company Consolidated Statements Of Comprehensive Income (Unaudited)
Consumers Energy Company Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Consumers Energy Company Consolidated Statements Of Income (Unaudited)
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 - 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)
Financial Instruments
Financial Instruments (Narrative) (Details)
Financial Instruments (Schedule Of Carrying Amounts And Fair Values Of Financial Instruments) (Details)
Financial Instruments (Tables)
Financings And Capitalization
Financings And Capitalization (Major Long-Term Debt Retirements) (Details)
Financings And Capitalization (Narrative) (Details)
Financings And Capitalization (Schedule Of Forward Stock Contracts) (Details)
Financings And Capitalization (Schedule Of 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 (Quarterly Narrative) (Details)
Retirement Benefits (Schedule Of Net Benefit Costs) (Details)
Retirement Benefits (Tables)
Revenue
Revenue (Disaggregation Of 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: 0000811156-22-000113
Submitted to the SEC: Thu Jul 28 2022 10:46:19 AM EST
Accepted by the SEC: Thu Jul 28 2022
Period: Thursday, June 30, 2022
Industry: Electric And Other Services Combined

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