CMS Energy revenue, net income rise

JACKSON—Officials at CMS Energy (NYSE: CMS) announced second quarter net income of $136 million or 48 cents a share, up from $93 million or 33 cents a share in the second quarter of 2019.  Primary drivers of the increase: cost management coupled with favorable weather and sales mix.

CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 to $2.68 per share. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, regulatory items from prior years, or other items.

CMS Energy has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.

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