CMS Energy Reports Earnings Above Estimates for Q4, Misses Revenue Expectations

JACKSON, Mich., Feb. 23, 2023 – CMS Energy Corp. (NYSE: CMS) announced financial results for the fourth quarter ended December 31, 2022, reporting:

Earnings:

* $265 million, or $0.87 per share
* Exceeded consensus analyst estimates of $0.86 per share

Revenue:

* $1.99 billion
* Below analyst expectations of $2.14 billion

Full-Year Results:

* Profit: $1 billion, or $3.33 per share
* Revenue: $7.52 billion

Forward Guidance:

* Full-year 2023 earnings per share expected in the range of $3.54 to $3.60