CMS Energy — Third Quarter 2026 Earnings Summary

CMS Energy reported third-quarter 2026 earnings per share of $0.39 on a GAAP basis, a decline from $0.92 in the same period of 2025, primarily due to asset impairment and restructuring costs associated with NorthStar Clean Energy. On an adjusted non-GAAP basis, the company achieved earnings per share of $1.44 for the quarter and $2.95 year-to-date, reflecting a strategic restructuring aimed at strengthening its utility-focused business model. The company reaffirmed its 2026 adjusted earnings guidance range of $3.83 to $3.90 per share and its 2027 guidance of $4.08 to $4.17 per share. Consolidated financial statements show total assets of $41.683 billion as of September 30, 2026, with net income attributable to common stockholders totaling $121 million for the quarter.