CMS Energy (NYSE: CMS) reported Q2 EPS of $0.49, $0.07 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.5 billion.

"Despite the numerous challenges associated with the pandemic, we've remained committed to delivering on our Triple Bottom of Line of People, Planet and Profit. We've done this by ensuring the safety and health of our co-workers, customers, and the communities we serve while providing the vital services of electricity and natural gas and delivering on cost reduction initiatives," said Patti Poppe, President and CEO of CMS Energy and Consumers Energy.

GUIDANCE:

CMS Energy sees FY2020 EPS of $2.64-$2.68, versus the consensus of $2.64.

CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 - $2.68* per share (*See below for important information about non-GAAP measures).

CMS Energy noted several accomplishments in the first half of 2020:

• Appointed a vice president and Chief Diversity Officer, Angela Thompkins, who will lead the company's diversity, equity, and inclusion (DEI) strategy, and partner with leaders across the organization to improve results related to DEI.
• Limited COVID-19 cases within the company to 1/3 of the state's confirmed cases per capita and issued a requirement for masks to be worn at all company facilities.
• Remained on track for 2020 utility customer investment plan.
• Offered customers 100,000 free Nest Smart Thermostats through an unprecedented partnership with Google and Uplight to help Michigan residents save energy and money during the COVID-19 pandemic.
• Committed to our industry leading goals on net-zero methane emissions by 2030 for our natural gas delivery system and net-zero carbon emissions company-wide by 2040.

For earnings history and earnings-related data on CMS Energy (CMS) click here.