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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for CMS Energy (CMS) is 6/10.
CMS Energy delivered adjusted Q1 EPS of $1.13, supported by rate relief driving a $0.11 per share positive variance, partially offset by $0.05 from a sizable March ice storm. An electric rate case order approved 65% of the ask with 9.9% ROE maintained, and data center contracts progressed toward final terms with 110 MW of new load signed in Q1 alone, already exceeding full-year 2025 signings. Full-year guidance was reaffirmed at $3.83-$3.90 with confidence toward the high end, though Moody's moved the utility to negative outlook.
Scored from CMS Energy’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.99B | +2.0% | $0.88 | -15.4% | 21.4% | 13.3% | $-515M |
| FY2025 Q1 | $2.45B | +12.5% | $1.01 | +5.2% | 20.2% | 12.4% | $112M |
| FY2025 Q2 | $1.84B | +14.4% | $0.66 | +1.5% | 17.2% | 10.9% | $-470M |
| FY2025 Q3 | $2.02B | +15.9% | $0.92 | +9.5% | 23.8% | 13.7% | $-635M |
| FY2025 Q4 | $2.23B | +12.3% | $0.94 | +6.8% | 19.5% | 12.9% | $-596M |
| FY2026 Q1 | $2.73B | +11.6% | $1.13 | +11.9% | 17.9% | 12.5% | $-334M |
| FY2026 Q2 | $1.83B | -0.5% | $0.39 | -40.9% | 14.4% | 6.6% | $-345M |
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