CMS Energy (CMS) Misses Q1 EPS by 2c, Reaffirms FY16 Guidance

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Go back to CMS Energy (CMS) Misses Q1 EPS by 2c, Reaffirms FY16 Guidance

CMS Energy Announces First Quarter Earnings Of $0.59 Per Share, Reaffirms 2016 Earnings Guidance Of $1.99 To $2.02 Per Share

April 28, 2016 7:00 AM EDT

JACKSON, Mich., April 28, 2016 /PRNewswire/ -- CMS Energy announced today reported net income of $164 million, or $0.59 per share, for the first quarter of 2016, compared to reported net income of $202 million, or $0.73 per share, for the same quarter of 2015. Earnings per share in 2016 grew $0.12 or 20% compared with 2015 on a weather-normalized basis.

CMS Energy reaffirmed its guidance for 2016 adjusted earnings of $1.99 to $2.02 per share. This is consistent with the company's 2016 plan of 5% to 7% annual adjusted earnings per share growth. Starting in 2017 CMS has increased its earnings per share... More