On October 27, 2026, CMS Energy Corporation announced its financial results for the third quarter of 2026. The company reported diluted earnings per share of $0.39 for the quarter, a decrease from $0.92 per share in the same period of 2025. For the first nine months of the year, reported earnings per share were $1.86, compared to $2.59 in the prior year.
On an adjusted earnings per share basis, which excludes items such as asset impairments, restructuring costs, and other non-GAAP measures, the company reported $1.44 for the third quarter of 2026, up from $0.93 in 2025. Year-to-date adjusted earnings per share were $2.95, compared to $2.66 in the prior year.
The filing details a significant asset impairment and restructuring activity associated with NorthStar Clean Energy. For the third quarter, this activity reduced reported earnings by $1.08 per share, while year-to-date it reduced earnings by $1.09 per share. The company reported operating revenue of $2.183 billion for the quarter and $6.742 billion year-to-date.
Management reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share. The company also maintained its 2027 adjusted earnings guidance of $4.08 to $4.17 per share and its long-term adjusted EPS growth target of 6 to 8 percent.
Additionally, CMS Energy will host a webcast on October 27, 2026, at 10:00 a.m. (EDT) to discuss these results and the business outlook.
