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CMS Energy remains positioned to become a Dividend Aristocrat early next decade. The regulated utility topped the analyst consensus for both operating revenue and adjusted EPS in the second quarter. CMS Energy possesses a BBB S&P credit rating with a stable outlook.

SHENZHEN, CHINA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- China Medical System Holdings Limited (“CMS” or the “Group”) is pleased to announce that its subsidiary, Dermavon Holdings Limited (“Dermavon”, an innovative pharmaceutical company specialized in skin health which is applying for a separate listing on the Main Board of The Stock Exchange of Hong Kong Limited) received the approval from the National Medical Products Administration of China (NMPA) for the New Drug Application (NDA) of ruxolitinib phosphate cream (Lumirix®) for the treatment of mild to moderate atopic dermatitis (“AD”) on 2 September 2026. The drug registration certificate was obtained on 3 September 2026. The product is indicated for the topical short-term and non-continuous chronic treatment of mild to moderate atopic dermatitis in non-immunocompromised adult and pediatric patients 2 years of age and older whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable.

The NDA for indication AD has been approved for inclusion in the Priority Review List by the Center for Drug Evaluation (CDE) of the NMPA based on its qualification as a “new variety, dosage form and specification of pediatric drug that conforms to the physiological characteristics of children”, which effectively shortened the product's review process and accelerated the marketing approval for the AD indication.

From “First Topical JAK Inhibitor” to Indication Expansion, Lumirix® Continues to Deliver Clinical Value

In January 2026, Lumirix® was approved for marketing by the NMPA, becoming the first topical JAK inhibitor approved in China for the treatment of vitiligo. The approval of this NDA for the additional indication of AD offers a novel treatment option for pediatric patients 2 years of age and older, adolescent and adult AD patients, with safety and efficacy supported by clinical data*.

Previously, Lumirix® achieved positive results in a randomized, double-blind, placebo-controlled phase III clinical trial in China for mild to moderate AD:

Robust Efficacy: Lumirix® successfully met its primary endpoint— a significantly higher proportion of patients treated with Lumirix® achieved IGA (Investigator's Global Assessment) of 0 or 1 with at least two grades of reduction from baseline at week 8, compared with placebo (63.0% vs 9.2%, P < 0.001). For the key secondary endpoint, the proportion of subjects achieving at least a 75% improvement from baseline in the Eczema Area and Severity Index score (EASI 75) of treatment with Lumirix® was also significantly higher than that of the placebo group, at week 8 (78.0% vs 15.4%, P < 0.001).Favorable Safety Profile: the severity of treatment-emergent adverse events (TEAE) during the treatment period was mostly mild or moderate, with no TEAEs leading to discontinuation of the study drug. Overall, Lumirix® was safe and well-tolerated. *Based on Phase III clinical data from China and overseas.

Building the AD “treatment + care” Solution to Strengthen Dermavon's Skin Health Layout

AD is a chronic, recurrent and inflammatory dermatologic disease. According to CIC Report, there were over 54 million AD patients in China in 2024[1]. To address the needs of AD patients from treatment to daily care, Dermavon has built a comprehensive “treatment + care” solution:

Topical formulation: Lumirix® (mild-to-moderate AD) – Marketed in ChinaInjectable biological agent: Comekibart Injection (moderate-to-severe AD) – Under NDA review in ChinaOral small molecule targeted drug: CMS-D001 (moderate-to-severe AD) – Phase II clinical trialDaily repair: Heling Soothing Product Series – Marketed in China Simultaneously, the indication expansion of Lumirix® will strengthen Dermavon’s strategic layout in the field of skin treatments and create synergies with its commercialized innovative drug ILUMETRI (tildrakizumab injection), commercialized exclusive drug Hirudoid (mucopolysaccharide polysulfate cream), and a series of innovative drugs under development and dermatological skin care products, in terms of expert network and market resources, thereby potentially enhancing Dermavon's market competitiveness and brand influence in the field of skin health.

About AD

AD is a chronic, recurrent and inflammatory dermatologic disease, with the main clinical manifestations of dry skin, chronic eczema-like lesions and obvious itching or pruritus, which may seriously affect the quality of life of patients. It is estimated that there were over 54 million AD patients in China as of 2024. Based on SCORAD scores, mild to moderate AD accounts for 98% of these cases, representing over 52.5 million patients[1]. Topical drugs are the most basic treatment for AD. Traditional topical medications such as topical corticosteroids (TCS) and topical calcineurin inhibitors (TCIs) have clinical pain points with long-term adverse reactions or limited efficacy, therefore novel treatments are urgently needed.

More Information About Ruxolitinib Phosphate Cream

Ruxolitinib phosphate cream is a novel cream formulation of the selective JAK1/JAK2 inhibitor ruxolitinib developed by Incyte. Incyte has worldwide rights for the development and commercialization of ruxolitinib phosphate cream, marketed in the United States and Europe as Opzelura®. Opzelura® and the Opzelura® logo are registered trademarks of Incyte. In the U.S., ruxolitinib phosphate cream is the first topical JAK inhibitor approved by the U.S. Food and Drug Administration (FDA) for the topical treatment of non-segmental vitiligo in adult and pediatric patients 12 years of age and older, and for the topical short-term and non-continuous chronic treatment of mild to moderate atopic dermatitis in non-immunocompromised adult and pediatric patients 2 years of age and older whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable[2]. In Europe, ruxolitinib phosphate cream is approved for the treatment of non-segmental vitiligo with facial involvement in adults and adolescents from 12 years of age, as well as the treatment of moderate atopic dermatitis in adult patients for whom topical corticosteroids and topical calcineurin inhibitors are inadequate or inappropriate[3,4].

On 2 December 2022, Dermavon entered into a Collaboration and License Agreement with Incyte for ruxolitinib phosphate cream, obtaining an exclusive license to develop, register and commercialize the product in Mainland China, Hong Kong Special Administrative Region, Macau Special Administrative Region, Taiwan Region and eleven Southeast Asian countries (the “Territory”) and a non-exclusive license to manufacture the product in the Territory. Dermavon has sublicensed the relevant rights for the product outside of Mainland China to the Group (excluding Dermavon).

About CMS

CMS is an innovative pharmaceutical company focused on the identification, building, and full lifecycle management of differentiated specialty pharmaceuticals. With a dual-engine approach of in-house R&D and collaborative R&D, and leveraging its core capability to build markets and brands from the ground up, the Group enables each medicine to fully realize both its clinical value and commercial value.

CMS has established an end-to-end capability loop across the full product lifecycle—precisely identifying quality innovation targets, matching them with optimal development pathways, and efficiently advancing clinical development and registration; developing medical strategies aligned with clinical needs, and driving scaled clinical adoption through a professional academic promotion system and network.

CMS focuses on advantaged specialties including cardiovascular-kidney-metabolic, central nervous system, gastroenterology, ophthalmology, and skin health. Through professional academic promotion and academic resources across multiple disease areas, CMS has built sustainable scale advantages in specialties, with its skin health business becoming a leading player in its segment. Meanwhile, CMS continues to strengthen its international replication capabilities, validating the transferability of its business model in emerging markets such as Southeast Asia and the Middle East, and injecting long-term momentum for the Group’s high-quality, sustainable development.

References

1.China Insights Consultancy’s industrial report

2.The U.S. FDA approval information can be found on the Incyte official website, as follows: https://investor.incyte.com/news-releases/news-release-details/incyte-announces-additional-fda-approval-opzelurar-ruxolitinib

3.The EMA approval information for vitiligo indication can be found on the Incyte official website, as follows: https://investor.incyte.com/news-releases/news-release-details/incyte-announces-european-commission-approval-opzelurar

4.The EMA approval information for AD indication can be found on the Incyte official website, as follows: https://investor.incyte.com/news-releases/news-release-details/opzelurar-ruxolitinib-cream-becomes-first-steroid-free-topical

CMS Disclaimer and Forward-Looking Statements

This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

Media Contact

Brand: China Medical System Holdings Ltd.

Contact: CMS Investor Relations

Email: [email protected]

Website: https://web.cms.net.cn/en/home/

A month has gone by since the last earnings report for CMS Energy (CMS - Free Report) . Shares have lost about 6.9% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CMS Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.

CMS Energy Q2 Earnings Match Estimates, Revenues Decrease Y/Y

CMS Energy Corporation reported second-quarter 2026 adjusted earnings per share (EPS) of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.

CMS' RevenuesOperating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.25%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.

Gas utility revenues and NorthStar Clean Energy revenues improved, while electric utility revenues decreased.

Operational Performance of CMSCMS' operating expenses amounted to $1.57 billion, up 2.9% from the year-ago quarter’s figure.

Operating income was $264 million, lower than the year-ago quarter’s figure of $317 million. 

Interest on long-term debt rose to $211 million.

Financial Condition of CMSCMS Energy had cash and cash equivalents of $241 million as of June 30, 2026 compared with $509 million as of Dec. 31, 2025.

As of June 30, 2026, total debt and financial leases (excluding securitization debt) were $18.78 billion compared with $18.31 billion as of Dec. 31, 2025.

The net cash flow from operating activities was $1.33 billion during the first six months of 2026 compared with $1.41 billion in the prior-year period.

CMS' 2026 GuidanceCMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.

The company introduced 2027 adjusted earnings guidance of $4.08-$4.17 per share. The Zacks Consensus Estimate for 2027 earnings is currently pegged at $4.16, which is at the high end of the company’s guided range.

CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

VGM ScoresAt this time, CMS Energy has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, CMS Energy has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

CMS Energy is rated Hold due to uncertainties in affordability, data center positioning, and recent CFO transition despite solid regulatory support. CMS plans to sell most non-regulated renewables, targeting $500M net proceeds to fund regulated rate base expansion and focus on core utility operations. CMS faces high storm damage costs, aggressive $25.8B capex plan, and regulatory risks, with electricity affordability likely a key election-year issue.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.

The following dividend is payable Oct. 15, 2026, to shareholders of record at the close of business on Oct. 1, 2026: $0.2625 per depositary share (NYSE: CMS PRC).

Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website.

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.

For more information on CMS Energy, please visit our website at cmsenergy.com.
To sign up for email alert notifications, please visit the Investor Relations section of our website.

SOURCE CMS Energy

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CMS Energy NYSE: CMS reaffirmed its 2026 earnings outlook and introduced 2027 guidance while outlining plans to exit non-utility renewable development through its NorthStar business, redirecting capital toward regulated utility investments in Michigan.

President and Chief Executive Officer Garrick Rochow said the company is targeting completion of the NorthStar restructuring by the end of 2026. CMS plans to retain several Michigan-based assets, including Dearborn Industrial Generation, or DIG, small gas peaking plants, and four commercial solar projects. The retained assets generate cash flow and require limited additional capital investment, according to management.

Get CMS Energy alerts:

The company plans to sell non-Michigan renewable assets and development projects and reallocate capital previously designated for non-utility renewable development. Rochow said the current five-year plan included approximately $1.7 billion for NorthStar, primarily for non-utility renewables. Collectively, reduced capital allocation, retained-asset cash flow and expected asset-sale proceeds are expected to reduce parent funding needs by more than $500 million through 2030.

“On a consolidated basis, this means nearly 100% of our earnings and future growth will be rate base driven within the utility,” Rochow said. He added that the change would simplify the business and support what CMS views as higher-quality growth.

Guidance Reaffirmed, 2027 Outlook Introduced For the first half of 2026, CMS reported adjusted net income of $464 million, or $1.50 per share. The company maintained its full-year adjusted earnings-per-share guidance of $3.83 to $3.90 and said it remains confident toward the high end of that range.

CMS also introduced 2027 adjusted EPS guidance of $4.08 to $4.17. The range represents growth within the company’s long-term target of 6% to 8% annually from 2025 actual results. Management said the 2027 outlook already incorporates the NorthStar repositioning.

Chief Financial Officer Sri Maddipati said first-half results included a $0.23 per-share year-over-year unfavorable variance, primarily because the prior-year period benefited from liability-management actions that had already been contemplated in the company’s 2026 plan. Storm activity, less favorable weather comparisons and lower-than-normal cooling and heating degree days also affected first-half results.

New rates, net of investment costs, contributed $0.20 per share year to date, Maddipati said. The benefits reflected last year’s gas rate order, new electric rates that began in May, and continued renewable investments at the utility.

For the second half, CMS expects rates and net investment costs to contribute $0.22 per share, while operations and maintenance factors are expected to provide $0.25 per share of earnings support. The outlook assumes a constructive outcome in the company’s pending storm-deferral proceeding and normalized storm activity for the remainder of the year.

Financing and Utility Investment Plan CMS said its $24 billion utility investment plan is expected to support 10.5% compounded rate-base growth. The company also identified potential additional investments in the latter half of its planning period, including a $2 billion utility renewable opportunity tied to its approved Renewable Energy Plan and a $1 billion electric-distribution reliability opportunity outlined in its regulatory roadmap.

Those opportunities are not included in the current capital plan or long-term growth outlook, management said during the question-and-answer session.

The company remains on track to complete its 2026 financing plan, which includes utility debt issuance and the remaining common-equity issuance under its at-the-market program. CMS expects to issue $700 million of equity in 2026 and said it has completed nearly $500 million of that amount.

Its current five-year plan assumes $3.75 billion of new equity, including about $3 billion after 2026. Maddipati said that, as cash is redeployed from NorthStar, CMS anticipates reducing planned equity issuance by at least $350 million. The company expects to provide a broader financing-plan update during its fourth-quarter call.

Management said DIG and the retained peaking and solar assets are expected to support cash flow and offset parent financing needs. DIG and the peakers are contracted in a manner similar to one another, while the retained solar projects are also on long-term contracts, Rochow said.

Data Center, Industrial Load and Regulatory Activity CMS highlighted progress under its large-load tariff, including an agreement involving an extraordinary facilities agreement and a rate agreement for a prospective data center customer. The customer must still receive local zoning approval, and CMS said it will incorporate the associated load growth in its integrated resource plan, or IRP, scheduled for filing in September.

Rochow said the tariff is designed to ensure that new large-load customers bear the costs to serve them while protecting existing customers. He said each gigawatt of new large load could provide approximately $7.50 in monthly bill benefits for the average residential electric customer.

The company said it has also contracted roughly 135 megawatts of manufacturing and industrial load year to date. Management noted continued interest from technology, advanced-manufacturing and supply-chain companies seeking to expand in Michigan.

CMS filed an electric rate case in June seeking a $456 million revenue increase, a 10.25% return on equity and a 51.75% equity ratio. It also requested a two-year investment recovery mechanism to support electric-grid hardening and other customer investments.

In its gas business, CMS revised its requested revenue increase to $232 million and increased the requested equity ratio to 51.75%, aligning it with the electric case. The company moved its IRP filing from an earlier timetable to September to reflect the recent data-center agreement and updated load-growth assumptions.

On reliability, Rochow said CMS has improved from fourth-quartile performance to solidly in the third quartile and is approaching the second quartile. He said 92% of customers were restored within 24 hours or less during the first six months of 2026, while the company continues investments in tree trimming, grid hardening and reliability improvements.

About CMS Energy (NYSE:CMS)CMS Energy NYSE: CMS is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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CMS Energy Corp (CMS) released its 8-K filing on July 28, 2026, detailing its second-quarter results for 2026. The company reported diluted earnings per share o

CMS Energy (CMS - Free Report) came out with quarterly earnings of $0.37 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this energy company would post earnings of $1.11 per share when it actually produced earnings of $1.13, delivering a surprise of +1.8%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

CMS Energy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $1.83 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 4.25%. This compares to year-ago revenues of $1.84 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

CMS Energy shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for CMS Energy?While CMS Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CMS Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.12 on $2.13 billion in revenues for the coming quarter and $3.87 on $8.97 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Entergy (ETR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.

This power company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of -10.5%. The consensus EPS estimate for the quarter has been revised 5.8% higher over the last 30 days to the current level.

Entergy's revenues are expected to be $3.53 billion, up 5.9% from the year-ago quarter.

, /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.37 for the second quarter of 2026, compared to $0.66 per share for 2025. The company's adjusted earnings per share for the second quarter were $0.37, compared to $0.71 per share for 2025. For the first six months of the year, the company reported $1.47 per share compared to $1.67 per share for the same timeframe in 2025. On an adjusted earnings per share basis year to date, the company reported $1.50 per share in 2026 compared to $1.73 per share in 2025.

CMS Energy also announced the completion of a strategic review at NorthStar Clean Energy, and with Board approval, the company is exiting non-utility renewables development and retaining Michigan-based assets, including Dearborn Industrial Generation (or DIG). This will simplify the business, reduce financing needs, and allow the company to focus more fully on providing regulated energy services.

CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end. CMS Energy is introducing 2027 earnings guidance of $4.08 to $4.17. 

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.

CMS Energy will hold a webcast to discuss its 2026 second quarter results and provide a business and financial outlook on Tuesday, July 28 at 10:00 a.m. (EDT). To participate in the webcast, go to CMS Energy's homepage (cmsenergy.com) and select "Events and Presentations."

Important information for investors about non-GAAP measures and other disclosures.

This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. Management views adjusted earnings as a key measure of the company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company's reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.

This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. 

Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.

CMS ENERGY CORPORATION
Consolidated Statements of Income
(Unaudited)

In Millions, Except Per Share Amounts

Three Months Ended

Six Months Ended

6/30/26

6/30/25

6/30/26

6/30/25

Operating revenue

$

1,829

$

1,838

$

4,559

$

4,285

Operating expenses

1,565

1,521

3,805

3,474

Operating Income

264

317

754

811

Other income

75

137

150

187

Interest charges

210

199

413

385

Income Before Income Taxes

129

255

491

613

Income tax expense

33

62

118

125

Net Income

96

193

373

488

Loss attributable to noncontrolling interests

(24)

(8)

(87)

(17)

Net Income Attributable to CMS Energy

120

201

460

505

Preferred stock dividends

3

3

5

5

Net Income Available to Common Stockholders                 

$

117

$

198

$

455

$

500

Diluted Earnings Per Average Common Share

$

0.37

$

0.66

$

1.47

$

1.67

CMS ENERGY CORPORATION
Summarized Consolidated Balance Sheets
(Unaudited)

In Millions

As of

6/30/26

12/31/25

Assets

Current assets

Cash and cash equivalents

$

241

$

509

Restricted cash and cash equivalents

104

106

Other current assets

2,521

2,857

Total current assets

2,866

3,472

Non-current assets

Plant, property, and equipment

32,329

30,680

Other non-current assets

5,710

5,789

Total Assets

$

40,905

$

39,941

Liabilities and Equity

Current liabilities (1)

$

2,193

$

2,592

Non-current liabilities (1)

9,012

8,740

Capitalization

Debt and finance leases (excluding securitization debt) (2)

18,776

18,313

Preferred stock and securities

224

224

Noncontrolling interests

625

567

Common stockholders' equity

9,550

8,920

Total capitalization (excluding securitization debt)

29,175

28,024

Securitization debt (2)

525

585

Total Liabilities and Equity

$

40,905

$

39,941

(1) Excludes debt and finance leases.

(2) Includes current and non-current portions.

CMS ENERGY CORPORATION

Summarized Consolidated Statements of Cash Flows

(Unaudited)

In Millions

Six Months Ended

6/30/26

6/30/25

Beginning of Period Cash and Cash Equivalents, Including Restricted Amounts

$

615

$

178

Net cash provided by operating activities 

1,327

1,414

Net cash used in investing activities

(2,093)

(1,880)

Cash flows from operating and investing activities

(766)

(466)

Net cash provided by financing activities

496

1,213

Total Cash Flows

$

(270)

$

747

End of Period Cash and Cash Equivalents, Including Restricted Amounts 

$

345

$

925

CMS ENERGY CORPORATION
Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income
(Unaudited)

In Millions, Except Per Share Amounts

Three Months Ended

Six Months Ended

6/30/26

6/30/25

6/30/26

6/30/25

Net Income Available to Common Stockholders                    

$

117

$

198

$

455

$

500

Reconciling items:

Other exclusions from adjusted earnings**

2

5

13

8

Tax impact

(1)

(1)

(4)

(2)

State tax policy change

-

12

-

12

Adjusted net income – non-GAAP

$

118

$

214

$

464

$

518

Average Common Shares Outstanding - Diluted

310.8

299.1

308.9

299.0

Diluted Earnings Per Average Common Share

Reported net income per share

$

0.37

$

0.66

$

1.47

$

1.67

Reconciling items:

Other exclusions from adjusted earnings**

 *  

0.01

0.04

0.02

Tax impact

 (*) 

 (*) 

(0.01)

(*)

State tax policy change

-

0.04

-

0.04

Adjusted net income per share – non-GAAP

$

0.37

$

0.71

$

1.50

$

1.73

*

Less than $0.5 million or $0.01 per share.

**

Includes major enterprise resource planning software implementations and unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense.

Management views adjusted (non-Generally Accepted Accounting Principles) earnings as a key measure of the Company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors.  Internally, the Company uses adjusted earnings to measure and assess performance.  Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal and state tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items.  The adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for reported earnings.  

SOURCE CMS Energy

Wall Street expects a year-over-year decline in earnings on higher revenues when CMS Energy (CMS - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -11.3%.

Revenues are expected to be $1.95 billion, up 6.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for CMS Energy?For CMS Energy, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -10.40%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that CMS Energy will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that CMS Energy would post earnings of $1.11 per share when it actually produced earnings of $1.13, delivering a surprise of +1.80%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

CMS Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerNextEra Energy (NEE - Free Report) , another stock in the Zacks Utility - Electric Power industry, is expected to report earnings per share of $1.08 for the quarter ended June 2026. This estimate points to a year-over-year change of +2.9%. Revenues for the quarter are expected to be $7.97 billion, up 18.9% from the year-ago quarter.

The consensus EPS estimate for NextEra has been revised 5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.47%.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that NextEra will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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JACKSON, Mich., July 20, 2026 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.

The dividend for the common stock (CUSIP: 125896100) is 57 cents per share. It is payable Sept. 1, 2026, to shareholders of record on Aug. 7, 2026.

Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com.

CMS Energy (NYSE: CMS) is a Michigan-based energy company featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

For more information on CMS Energy, please visit our website at cmsenergy.com.
To sign up for email alert notifications, please visit the Investor Relations section of our website.

SOURCE CMS Energy

Also from this source

CMS Energy (CMS) is reaffirmed as a Buy, supported by a $24 billion five-year capex plan driving robust rate base and EPS growth. CMS targets 6–8% annual adjusted EPS growth, with consensus estimates at the high end, and maintains a stable BBB credit rating. Shares trade at a modest 3% discount to fair value, with potential for 9%+ annual total returns through 2031, underpinned by disciplined capital deployment.

JACKSON, Mich., July 7, 2026 /PRNewswire/ -- CMS Energy announced today it will provide 2026 second quarter results along with a business and financial outlook at 10:00 a.m. EDT on Tuesday, July 28, 2026.

A webcast of the presentation will be available on CMS Energy's website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days on CMS Energy's website in the "Investors" section.

CMS Energy (NYSE: CMS) is a Michigan-based energy company featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

For more information on CMS Energy, please visit our website at cmsenergy.com. To sign up for email alert notifications, please visit the Investor Relations section of our website.

SOURCE CMS Energy

CMS Energy Announces Chris Shellberg as Vice President of Low-Voltage Electric Distribution PR Newswire JACKSON,

ARLINGTON, Va., June 23, 2026 (GLOBE NEWSWIRE) -- Tria Federal today announced the appointment of Rajiv Uppal, former Chief Information Officer of the Centers for Medicare & Medicaid Services (CMS) and the Internal Revenue Service (IRS), to the company’s Advisory Board.

The Tria Advisory Board provides strategic guidance and perspective from leaders who have shaped some of the nation’s largest federal health and technology organizations, helping Tria remain responsive to evolving agency priorities and modernization challenges.

Uppal will serve alongside current Tria Advisory Board members Jennifer “Jenni” Main, former Chief Operating Officer of CMS, and Sonny Hashmi, former Commissioner of the General Services Administration’s (GSA) Federal Acquisition Service and former GSA CIO.

“We are thrilled to welcome Rajiv to the Tria Advisory Board as we help federal health agencies balance cost, quality and access to care,” said Bryce Golwalla, Tria’s Senior Vice President, Public Health. “Rajiv has directed modernization initiatives where the stakes are incredibly high and the systems impact millions of Americans. His experience across CMS and the IRS brings valuable insight into how agencies can modernize responsibly while ensuring operational continuity, security, and long-term mission outcomes.”

Uppal brings to the Advisory Board more than 30 years of experience leading enterprise technology modernization initiatives across both the public and private sectors. Most recently, he served as CIO of the IRS, where he led efforts to modernize mission-critical systems, strengthen cybersecurity, and improve taxpayer services and operational efficiency.

Prior to the IRS, Uppal served as CIO and Director of CMS’s Office of Information Technology, where he led large-scale technology transformation initiatives supporting Medicare and Medicaid systems used by millions of Americans. His experience spans cloud modernization, enterprise platform strategy, cybersecurity, operational transformation, and AI-enabled innovation across highly regulated federal environments.

“I’m honored to join the Tria Advisory Board at a time when agencies are navigating increasingly complex modernization and operational challenges,” said Uppal. “They need practical modernization that improves resilience, strengthens service delivery, and helps teams operate more effectively under real-world constraints. Tria’s ability to connect innovation with operational outcomes is what makes this opportunity especially compelling to me.”

The Tria Advisory Board was established to help guide the company’s continued growth and innovation across the federal health landscape. With decades of experience across government, healthcare, technology, operations, and enterprise modernization, Advisory Board members provide strategic insight and guidance that help Tria remain responsive to evolving agency priorities, modernization challenges, and emerging technologies.

About Tria Federal

Tria Federal builds, modernizes, and operates mission-critical federal health platforms and programs. As a health solutions company, we make federal health systems work—at scale, on time, and under pressure. We operate at the center of the healthcare trilemma, minimizing cost, improving quality, and expanding access to care in environments where failure is not an option. For two decades, federal agencies have relied on Tria to keep America’s health systems reliable, accountable, and secure. Visit www.triafed.com to learn more.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08fb3178-c884-41fc-8381-926243643137

Tria Federal appoints Rajiv Uppal to Advisory Board Tria Federal today announced the appointment of Rajiv Uppal, former Chief Information Officer of the...

    June 15th, 2026 – TheNewswire - Muskoka Ontario – Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”), is pleased to update shareholders on the historic polymetallic Copper-Zinc-Lead-Silver-Gold Mine, known as the Goundafa Mine, which has a fully permitted Mining License.  Steadright holds a Binding MOU on the site with $7.5 million USD remaining to purchase the shares of Ste Commerciale et Minière du Sahara(CMS) over the next 2.5 years. Steadright can accelerate payments through cash or common shares.

  In April 2026 Steadright engaged Axiom Exploration Group Ltd. (“Axiom”), a global leader in integrated geoscience solutions, to support the rapid advancement of its diversified portfolio of high-potential critical mineral projects in Morocco. Axiom have recently been on site at the Goundafa Historic Minesite, after an unusual harsh winter.

  Axiom has compiled and created a database of information from the Goundafa and was on site in May 2026 to geo-locate tailing piles as part of a contract signed for the sale of historic ‘Mineralized Stockpile’ with MoResCo Sarl for purchase of up to 14,400 metric tons. (See Press Release Dated: December 16th, 2025.) Samples were taken from shallow pits or sorted Mineralized piles. Photos were taken of each site, and samples and  observations were recorded into the ESRI FieldMaps app (See Field Map May 2026 below). Samples were then sealed in bags along with a sample tag, and were in the custody of the authors through to delivery to Afrilab in Marrackech. Morocco.

 

Geochemical Analyses 

All samples were prepared and analysed by African Laboratory for Mining and Environment (AfriLab), an ISO  9001-certified laboratory (Certificate No. MA20/819942595). Samples were crushed and pulverised to a nominal 85% passing 75 microns using standard mechanical preparation procedures (PRE.MO/ANA/015). Gold  was analysed by Fire Assay with Atomic Absorption Spectrometry finish (FA-AAS) on a 50-gram charge  (PRE.MO/ANA/001). Multi-element geochemistry was determined by Inductively Coupled Plasma (ICP)  spectrometry following four-acid (HF-HNO₃-HClO₄-HCl) near-total digestion (PRE.MO/ANA/036).  Follow-up on sampling to be reported.

Discussion 

The site visit has helped a great deal to better understand the property for Axiom, with respect to the available reports. The state of the digital database continues to improve, even after the site visit, with additional digitisation of historical  samples helping to visualise previous work and potential across the entire site. 

Field Map Mineralized Tailing Piles Sampled at the Goundafa Mine Site May 2026

Sample Site 1, May 2026 picture

  Goundafa Mine Site (Press Release Dated: December 16th, 2025)

“The Goundafa Mine was developed and mined by La Société des Mines de Goundafa (SMG) from the 1926 until 1956.Operations ceased due to political changes following Moroccan independence. A number of historical professional reports are available on the Goundafa Property. In 1928, two thousand tons with an average grade of 22.13% Zinc and 11.31% Lead were produced. In the 1985 report, "Rapport sur les travaux souterrains et la cartographieminiere de la concession de Goundafa” from the Bureau de Rescherches et de Participations Minières (BRPM), Morocco’s former national mining agency, now ONHYM, indicated Silver (Ag) grades of up to 400g/t from concentrate. As mining pursued deeper, increasing chalcopyrite and Gold (Au) content were observed. In total, historical production of 320k tons of material was reportedly extracted until 1956.

A 2022 geological report (non-NI 43-101 compliant), “Rapport Technique et Financier sur la Concession Minière de Goundafa – Commune d’Ijoukak, Province d’El Haouz, Maroc”, authored by Omar Guillou and prepared for CMS, the concession holder identified 6.62 Mt located above -300L and adjacent to old workings, but excludes exploration potential that is open along the strike and down dip of -300 L. The 2022 CMS report states: The historic “estimate is limited to the 600 vertical meters through accessible workings; are within a vertical interval of approximately 600 meters, between the surface and the deepest accessible workings”. However, the non-compliant tonnage estimate does not include “deeper speculative extensions”, and that “it could extend an additional 800 meters vertically, reaching depths of 1,400 meters below surface”. In addition, “the lateral extensions of Veins IV, V and Vi have been identified at surface through trenching and geological surveys. These extensions show structural continuity with the veins exploited at depth, but their potential remains to be confirmed by drilling. They are NOT INCLUDED in the main volumetric estimate of 6,620,000 Mt,although the project warrants drill testing to evaluate geological continuity and to collect data for potential future resource estimation.Existing adits, including mine workings, are available at the historic operations allowing easy access to the former mine.

The Goundafa Project is an early-stage polymetallic exploration project located in Morocco’s High Atlas Mountains — a region with a long mining history and favorable geology. The project is centered on a series of steeply dipping mineralized veins containing Lead, Zinc, Copper, Gold and Silver. These veins are exposed at surface and have seen limited artisanal mining since the French left, providing a strong foundation for modern exploration.

While the 2022 report for the CMS estimate does not meet the requirements of NI 43-101 and is not a formal mineral resource, it reflects the potential scale of the system with the convergence of multiple mineralized veins

Figure 11: Schematic of the Exploitation of the

Goundafa Deposit (Scale 1:2000)

The 2022 technical report was compiled and authored by Mr. Omar Guillou, who led the integration of historical data, field observations, and sampling results into a cohesive evaluation of the concession’s potential. Dr. Abdelaziz El Hadi, a senior structural geologist and academic researcher with over three decades of experience in Moroccan mineral systems, contributed to the geological interpretation and structural modeling. His work focused on vein geometry, structural stacking, and volumetric projections that informed the historical estimate. See Table 1 (Tableau 3) Historical Estimation of Insitu Tonnage by Vein (title modified) from the 2022 report and Table 2: Reconstructed Tons and Grade by Vein.

Follow up work on the Goundafa will continue as Steadright is committed to ensuring that a proper exploration is competed at the Goundafa Mine Site and looks forward to sharing further information as it pertains to the Mine Site and its potential.”

   Steadright CEO, Matt Lewis, states, “The Moroccan teams are pressing hard to fulfill Steadright’s potential. I am very happy about the progress on the Goundafa, especially as it relates to the historic stockpiles we are contracted to sell.

  We are looking over Axiom’s work at the Goundafa and will report back to the market shortly.

  Morocco is an incredible country and we are very grateful for the opportunities afforded us by them.”

   ABOUT STEADRIGHT CRITICAL MINERALS INC.

  Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium  Project, along with the Copper Valey Project.  Steadright has also has a binding MOU for the historic Goundafa Mine within the Kingdom of Morocco.

  ON BEHALF OF THE BOARD OF DIRECTORS

  For further information, please contact:

  Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

  Email: [email protected]

  Tel: 1-905-410-0587

www.steadright.ca

  Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

  Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

  This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities have not been and will not be registered under the United ‎States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

 

CMS Energy (CMS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.02 per share a year ago.

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Based in Jackson, CMS Energy (CMS - Free Report) is in the Utilities sector, and so far this year, shares have seen a price change of 8.57%. Currently paying a dividend of $0.57 per share, the company has a dividend yield of 3%. In comparison, the Utility - Electric Power industry's yield is 2.82%, while the S&P 500's yield is 1.39%.

Looking at dividend growth, the company's current annualized dividend of $2.28 is up 5.1% from last year. Over the last 5 years, CMS Energy has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.79%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. CMS Energy's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, CMS expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $3.87 per share, with earnings expected to increase 7.20% from the year ago period.

Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CMS is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.

The following dividend is payable July 15, 2026, to shareholders of record at the close of business on July 1, 2026: $0.2625 per depositary share (NYSE: CMS PRC).

Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website.

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.

For more information on CMS Energy, please visit our website at cmsenergy.com.
To sign up for email alert notifications, please visit the Investor Relations section of our website.

SOURCE CMS Energy

Also from this source

A month has gone by since the last earnings report for CMS Energy (CMS - Free Report) . Shares have lost about 0.7% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CMS Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

CMS Energy Q1 Earnings Beat Estimates, Revenues Increase Y/Y

CMS Energy Corporation reported first-quarter 2026 earnings per share (EPS) of $1.13, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.

The company reported GAAP earnings of $1.10 per share, up from $1.01 recorded in the year-ago quarter.

CMS' RevenuesOperating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 billion in the prior-year quarter.

Operational Performance of CMSCMS' operating expenses amounted to $2.24 billion, up 14.7% from the year-ago quarter’s figure.

Operating income was $490 million, lower than the year-ago quarter’s figure of $494 million.

Interest charges totaled $203 million, up 9.1% from that recorded in the year-ago quarter.

Financial Condition of CMSCMS Energy had cash and cash equivalents of $175 million as of March 31, 2026 compared with $509 million as of Dec. 31, 2025.

As of March 31, 2026, total debt and financial leases (excluding securitization debt) were $18.54 billion compared with $18.31 billion as of Dec. 31, 2025.

The net cash flow from operating activities was $0.71 billion during the first three months of 2026 compared with $1 billion in the prior-year period.

CMS' 2026 GuidanceThe company reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.

CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.

VGM ScoresAt this time, CMS Energy has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, CMS Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

, /PRNewswire/ -- CMS Energy announced today, Sri Maddipati, currently Consumers Energy's senior vice president and president of electric supply, will be named CMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer, effective on June 3. Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning. Chris Fultz, vice president of low voltage distribution at Consumers Energy, will become the new senior vice president and president of electric supply, also effective on June 3. Chris will manage the company's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, generation development and procurement.

"Sri has nearly 20 years of experience across finance, treasury, banking, capital markets, and investor relations which allows for a seamless transition of leadership," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "Sri has held several senior leadership positions across our company and brings a combination of financial, operational, strategic and regulatory skills which reflects the company's thoughtful approach to development and succession and makes him exceptionally well-suited to serve as our next CFO and help lead the company forward."

Sri joined CMS Energy in 2014 and was elected as vice president and treasurer in 2016 where he was responsible for budget and planning, corporate liquidity, financing and maintaining relationships with investors, banks and rating agencies, a position he held until he moved to the role of Consumers Energy vice president electric supply in 2023. In that role, Sri was responsible for Consumers Energy's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, and generation development and procurement. Sri was appointed Consumers Energy senior vice president and president of the electric supply business unit in 2025. Prior to joining CMS Energy, Sri was a vice president in the financial institutions group at Goldman Sachs. Sri holds bachelor's and master's degrees in engineering and a Master in Business Administration, all from the University of Michigan.

"Chris brings a clear commitment to safety, reliability, and affordability, along with the ability to lead large-scale operations and teams to the electric supply organization," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "His broad expertise and leadership within operations, engineering, and project management will be an asset as we plan and execute our long-term energy supply blueprint."

Chris previously served as vice president of low voltage distribution in our electric business and vice president of natural gas operations. Since joining the company in 2014, Chris held increasingly responsible roles within project management, natural gas operations, transmission, storage and compression. Prior to Consumers Energy, Fultz worked for Black & Veatch, and he holds bachelor's and master's degrees in electrical engineering from Michigan Technological University, and a master's degree in business administration from Oakland University.

Rejji Hayes will retire as Executive Vice President and Chief Financial Officer, effective June 3.

"I want to thank Rejji Hayes for his leadership and many contributions to the company. His impact to our co-workers, communities, customers, and investors has been meaningful, and we are grateful for his service. I wish Rejji the very best in the future."

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.

Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution. 

SOURCE CMS Energy

CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2.

Clover stock is at critical resistance. What’s behind CLOV new highs? The Legal WinOn June 9, CMS informed Clover that it had recalculated the rating to 4.5 Stars and instructed the company to submit alternate bids at that level. The upgraded rating applies to Clover’s PPO plan, Contract H5141, which covers more than 97% of the company’s members. Clover’s HMO plan’s 2026 Star Rating was not subject to the litigation and remains at 4.0 Stars.

Why It MattersThe Star Rating upgrade is significant because Medicare Star Ratings directly impact the reimbursement rates Clover receives from CMS for Payment Year 2027. A jump from 3.5 to 4.5 Stars means meaningfully higher payments from the government — improving the company’s revenue outlook at a time when it is targeting its first-ever full year of net income profitability in 2026.

Clover Shares SurgeCLOV Price Action: At the time of publication, Clover shares are trading 4.29% higher at $5.10, according to data from Benzinga Pro.

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