CMS Energy

Q2 FY2026 EarningsQ2 FY26 results presented a beat on the top line and mixed bottom-line performance relative to consensus. Revenue reached $1,829M, exceeding expectations by 7.01%, while Adjusted EPS of $0.37 slightly beat the $0.359 mean estimate. A strategic decision to exit non-utility renewables development at NorthStar Clean Energy aims to simplify the business model. FY26 guidance was reaffirmed at $3.83–$3.90, while the new FY27 guidance of $4.08–$4.17 aligns with the long-term 6-8% growth target.