CMS Energy Q2 Earnings Match Estimates, Revenues Decrease Y/Y

CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share (EPS) of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.CMS' RevenuesOperating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.Gas utility revenues and NorthStar Clean Energy revenues improved, while electric utility revenues decreased.CMS Energy Corporation Price, Consensus and EPS Surprise CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation QuoteOperational Performance of CMSCMS' operating expenses amounted to $1.57 billion, up 2.9% from the year-ago quarter’s figure.Operating income was $264 million, lower than the year-ago quarter’s figure of $317 million. Interest on long-term debt rose to $211 million.Financial Condition of CMSCMS Energy had cash and cash equivalents of $241 million as of June 30, 2026 compared with $509 million as of Dec. 31, 2025.As of June 30, 2026, total debt and financial leases (excluding securitization debt) were $18.78 billion compared with $18.31 billion as of Dec. 31, 2025.The net cash flow from operating activities was $1.33 billion during the first six months of 2026 compared with $1.41 billion in the prior-year period.CMS' 2026 GuidanceCMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range.The company introduced 2027 adjusted earnings guidance of $4.08-$4.17 per share. The Zacks Consensus Estimate for 2027 earnings is currently pegged at $4.16, which is at the high end of the company’s guided range.CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%.CMS’ Zacks RankCMS Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming Utility ReleasesAmeren Corporation AEE is scheduled to report its second-quarter 2026 results on July 30, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.08 per share, which suggests a year-over-year increase of 6.9%.AEE’s long-term (three to five years) earnings growth rate is 7.68%. The Zacks Consensus Estimate for second-quarter sales is pinned at $2.40 billion, which implies a year-over-year rise of 8.3%.Alliant Energy Corporation LNT is slated to report second-quarter 2026 results on July 30, after market close. The Zacks Consensus Estimate for earnings is pegged at 66 cents per share.LNT’s long-term earnings growth rate is 7.86%. The Zacks Consensus Estimate for second-quarter sales stands at $1 billion, which calls for year-over-year growth of 4.3%.Public Service Enterprise Group PEG is slated to report second-quarter 2026 results on Aug. 4, before market open. The Zacks Consensus Estimate for earnings is pegged at 80 cents per share, which suggests a year-over-year increase of 3.9%.PEG’s long-term earnings growth rate is 6.09%. The Zacks Consensus Estimate for second-quarter sales stands at $2.70 billion, which implies a year-over-year decline of 3.8%. Beyond Nvidia: AI's Second Wave Is Here The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment Research