CMS Energy profits rise, 2022 guidance raised

JACKSON—CMS Energy, the electric and gas utility, reported net income of $1.33 billion or $4.66 a share for 2021, up from $752 million or $2.64 a share in 2020. Revenue was $7.33 billion, up from $6.42 billion in 2020.

For the fourth quarter, net income was $634 million or $2.20 a share, up from $162 million or 55 cents a share in the fourth quarter of 2020. Revenue was $2.03 billion, up from $1.73 billion in the fourth quarter of 2020.

CMS Energy raised its 2022 adjusted earnings guidance to $2.85 to $2.89 per share, from $2.85 to $2.87 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the adjusted EPS growth range. Adjusted earnings per share excludes the effects of the disposal of discontinued operations, discontinued operations income, taxes, losses on fleet impairment, restructuring costs, and effects of a voluntary separation program.

“CMS Energy is well positioned for continued success following a strong year of execution in 2021 and the announcement of an updated 5-year customer investment plan of $14.3 billion,” said Garrick Rochow, president and CEO of CMS Energy and Consumers Energy. “We continue to demonstrate our commitment, delivering across the Triple Bottom Line of People, Planet and Profit, to serve our customers, communities and investors.”

To listen to a webcast discussing these results, visit www.cmsenergy.com and select “events and presentations.

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