NYSE$CMS

CMS Energy Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

CMS Energy reported strong results and raised 2022 adjusted EPS.

CMS Energy announced a solid third quarter, with reported earnings per share of $0.56 and adjusted earnings per share of $0.56. The company raised its 2022 adjusted earnings guidance to $2.87 to $2.89 per share and introduced preliminary 2023 adjusted earnings guidance of $3.05 to $3.11 per share.

  • Reported earnings per share for Q3 2022 were $0.56, compared to $0.64 in Q3 2021.
  • Adjusted earnings per share for Q3 2022 were $0.56, compared to $0.54 in Q3 2021.
  • CMS Energy raised its 2022 adjusted earnings guidance to $2.87 to $2.89 per share.
  • Preliminary 2023 adjusted earnings guidance is $3.05 to $3.11 per share.

Headline financials

Total Revenue

$2.02B

Previous: $1.73B+17.3%
EPS (adj)

$0.56

Previous: $0.64-12.5%
Capital Expenditures

-$1.74B

Previous: -$1.44B-20.5%
Free Cash Flow

-$1.57B

Previous: -$1.25B-25.5%
Net Income

$165M

Previous: $189M-12.7%
Operating Income

$258M

Previous: $260M-0.8%
Gross Profit

$1.71B

Previous: $1.54B+11.1%
Cash & Equivalents

$168M

Previous: $102M+64.7%
Total Assets

$30.4B

Previous: $30.5B-0.5%

Revenue & EPS history

CMS Energy · Revenue · Quarterly

$2.02B

Q3 2022+17.3%vs Q3 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

CMS Energy raised its 2022 adjusted earnings guidance and introduced preliminary 2023 adjusted earnings guidance.

Tailwinds

  • 2022 adjusted earnings guidance raised to $2.87 - $2.89 per share.
  • Preliminary 2023 adjusted earnings guidance of $3.05 - $3.11 per share.
  • Reaffirmed long-term adjusted EPS growth of 6-8%.
  • Commitment by Gotion to build a factory in their service territory.
  • Positioned solidly for the fourth quarter and 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.5%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+3.9%

Q1 2011

Best reaction

-10.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.0%-4.3%
Q3 2025+1.4%+0.9%+4.4%
Q1 2025+1.3%-2.0%-0.7%
Q4 2024-0.2%-0.0%-0.6%
Q3 2024-2.6%-1.4%-0.6%
Q2 2024+0.8%+4.2%+7.4%
Q1 2024-0.6%-2.8%+0.4%
Q4 2023+1.1%-1.2%+1.7%
Q3 2023-0.3%-0.2%+5.8%
Q2 2023-3.8%-4.7%-9.9%
Q1 2023-0.2%+1.5%+1.7%
Q4 2022-1.5%-2.0%-6.1%
Q3 2022+3.6%+2.5%+9.6%
Q2 2022+3.0%+3.3%+3.1%
Q1 2022+1.6%+1.6%-1.9%
Q4 2021+1.1%+1.5%+4.7%
Q3 2021+0.0%+0.1%-0.4%
Q2 2021-0.8%+1.6%+3.1%
Q1 2021+0.0%+0.8%+5.5%
Q4 2020+0.4%-1.1%-3.2%
Q3 2020-1.0%+2.1%-3.1%
Q2 2020-1.7%-2.0%-3.8%
Q1 2020-10.1%-11.9%-7.8%
Q4 2019+1.8%+0.1%-10.2%
Q3 2019+0.6%-0.5%-2.4%
Q2 2019+1.2%+0.9%+6.2%
Q1 2019-1.0%-0.8%+0.0%
Q4 2018-0.0%+1.8%+4.4%
Q3 2018-4.7%-3.6%-2.0%
Q2 2018+0.5%+1.0%+3.1%
Q1 2018+2.9%+2.6%-0.5%
Q4 2017+1.6%+2.7%+2.9%
Q2 2017+1.6%+2.7%+2.9%
Q3 2017+0.5%+0.8%+3.1%
Q1 2017-0.2%+0.1%+4.4%
Q4 2016+1.1%+1.1%+3.0%
Q2 2016+1.1%+1.1%+3.0%
Q3 2016-0.8%-0.3%-2.5%
Q1 2016+1.6%
Q2 2015-0.7%
Q4 2015-0.7%
Q3 2015-0.5%
Q1 2015+0.3%
Q2 2014-3.4%
Q4 2014-3.4%
Q3 2014+1.1%
Q1 2014+1.1%
Q4 2013+1.4%
Q2 2013+1.4%
Q3 2013+1.2%
Q1 2013-0.5%
Q4 2012+1.3%
Q2 2012+1.3%
Q3 2012+1.4%
Q4 2011+3.2%
Q1 2012+2.3%
Q2 2011+0.7%
Q3 2011+1.2%
Q1 2010+3.9%
Q1 2011+3.9%
Q2 2010-1.1%
Q4 2008-1.1%
Q4 2010-1.1%
Q3 2010+0.4%
Q3 2009+0.4%
Q2 2009-2.5%
Q4 2009-2.5%

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