CMS Energy (CMS) Misses Q2 EPS by 9c

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Go back to CMS Energy (CMS) Misses Q2 EPS by 9c

CMS Energy Announces Second Quarter Earnings Of $0.45 Per Share, Reaffirms 2016 Earnings Guidance

July 28, 2016 7:00 AM EDT

JACKSON, Mich., July 28, 2016 /PRNewswire/ -- CMS Energy announced today reported net income of $124 million, or $0.45 per share, for the second quarter of 2016 and $288 million, or $1.04 per share, for the first half of 2016. Earnings per share for the second quarter grew $0.20 compared to second quarter of 2015.

CMS Energy reaffirmed its guidance for 2016 adjusted earnings of $1.99 to $2.02 per share. (*See below for important information about non-GAAP measures). 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 adjusted earnings per share growth guidance to 6% to... More