CMS ENERGY CORP (CMS) Form 8-K — Oct 27, 2026
CMS Energy reported Q3 2026 GAAP EPS of $0.39, down sharply from $0.92 a year ago, driven by a $456M asset impairment and restructuring charge tied to NorthStar Clean Energy. On an adjusted basis, EPS was $1.44 versus $0.93 in Q3 2025, with YTD adjusted EPS of $2.95 versus $2.66. Q3 operating revenue rose to $2,183M from $2,021M. The company reaffirmed 2026 adjusted EPS guidance of $3.83-$3.90 (toward the high end), 2027 guidance of $4.08-$4.17, and 6-8% long-term adjusted EPS growth.
Key figures
- Eps
- 0.39
- Revenue
- 2183000000
- Guidance
- 2026 adjusted EPS $3.83-$3.90 reaffirmed (toward high end); 2027 adjusted EPS $4.08-$4.17; long-term adjusted EPS growth of 6-8%
- Net Income
- 121000000
- Total Debt
- 19728000000
- Revenue Yoy
- 8.0% increase in Q3 operating revenue ($2,183M vs $2,021M)
- Total Assets
- 41683000000
- Cash Position
- 451000000
- Ytd gaap eps
- 1.86
- Adjusted eps q3
- 1.44
- Ytd adjusted eps
- 2.95
- Impairment charge
- $456M asset impairment and restructuring (NorthStar Clean Energy)
- Utility capital plan
- $24B (2026-2030)
- Gaap eps prior year q3
- 0.92
- Annual dividend per share
- 2.28
- Adjusted eps prior year q3
- 0.93
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