CMS Energy profits jump

JACKSON—CMS Energy (NYSE: CMS) announced net income of $342 million or $1.21 a share in the first quarter ended March 31, up from $243 million or 85 cents a share in the same quarter of 2020. Revenue was $2.08 billion, up from $1.86 billion a year earlier.

“We will continue to invest in Michigan and in our communities while leading the clean energy transformation with support from our 5-year, $13.2 billion customer investment plan which focuses on building out renewable energy and enhancing the safety and reliability of our electric and gas systems as we move toward net zero carbon and methane emissions,” said Garrick Rochow, president and CEO of CMS Energy and Consumers Energy.

CMS Energy reaffirmed its guidance for 2021 adjusted earnings of $2.83 to $2.87 per share, reflecting continued strong growth of 6 to 8 percent, with a bias toward the midpoint. Adjusted net income excludes results from discontinued operations, taxes, asset sales, restructuring charges, and other one-time events.

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