CMS Energy Reports Q3 2026 Earnings Growth Amid NorthStar Restructuring
CMS Energy (CMS) reported third-quarter adjusted earnings per share of $1.44, a significant increase from the $0.93 recorded in the prior year period. This growth was driven by strong utility execution and favorable weather conditions. However, reported EPS fell to $0.39 due to $1.45 per share in asset impairment and restructuring charges related to its NorthStar Clean Energy division. The company is actively restructuring NorthStar, with over 35% of assets already processed, aiming for completion by year-end. This exit is expected to free up over $500 million to support utility customer investments. CMS also reaffirmed its full-year 2026 guidance and provided a strong outlook for 2027, supported by an Integrated Resource Plan targeting $27 billion in capital opportunities through 2040.
Tickers: $CMS
Topics: clean energy investment earnings report EPS guidance restructuring