Recent Updates — CMS
CMS Energy reported third-quarter adjusted earnings per share of $1.44, up from $0.93 in the prior year period, driven by strong utility performance that offset asset impairment and restructuring charges associated with NorthStar Clean Energy. Reported GAAP EPS fell to $0.39 from $0.92 due to these non-cash items. For the first nine months of 2026, adjusted EPS reached $2.95 compared to $2.66 in 2025. The company reaffirmed its full-year 2026 adjusted earnings guidance of $3.83 to $3.90 per share and 2027 guidance of $4.08 to $4.17, maintaining a long-term growth outlook of 6% to 8%. CMS Energy is a Michigan-based energy provider featuring Consumers Energy as its primary business, operating electric and gas utilities alongside independent power generation assets.
CMS Energy Corporation announced the retirement of Rejji P. Hayes as executive vice president and chief financial officer, effective June 3, 2026, and the appointment of Srikanth Maddipati to the same position. Maddipati's compensation includes an annual base salary of $775,000, an incentive compensation target of 80% of his base salary, and $750,000 in tenure-based restricted stock.
CMS Energy Corporation shareholders approved amendments to the company's Restated Articles of Incorporation during the 2026 annual meeting. Key approved measures include increasing the number of authorized common shares from 350 million to 700 million and granting shareholders the ability to call special meetings.
CMS Energy Corporation has commenced an equity offering program to sell common stock with an aggregate sales price of up to $3,000,000,000. The program will be executed through an equity distribution agreement with several financial institutions and may involve forward sale transactions.
CMS Energy Corporation announced its first quarter 2026 financial results through a news release and investor presentation. The filing provides details regarding the company's operating performance and includes reconciliations for non-GAAP financial measures.
CMS Energy Corporation and its subsidiary, Consumers Energy Company, have elected Diane Leopold and Richard P. Keyes to their respective Boards of Directors, effective February 20, 2026. This expansion increases the authorized membership of the boards from nine to eleven members.