CMS Energy Corporation · CMS · Next earnings

CMS Energy Corporation reports Thursday, Oct 29, 2026

CMS reports before market open with consensus EPS at $1.16 and revenue at $2.17B. Last quarter: CMS Energy Beats on Q1 EPS, Reaffirms Guidance as Data Center Pipeline Builds

Reports Before market open39 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $1.16 Calendar consensus
Consensus revenue $2.17B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where CMS left off: FY2026 Q1

Full report

CMS Energy Beats on Q1 EPS, Reaffirms Guidance as Data Center Pipeline Builds

EPS surprise +2.7% Reported $1.13 vs $1.10
Revenue surprise +11.1% Reported $2.73B vs $2.46B
Stock move -0.2% Event window
Subsequent drift -2.2% Up to 20 sessions

Guidance was maintained. CMS reaffirmed its full-year 2026 adjusted EPS guidance range of $3.83-$3.90, unchanged from prior expectations.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Moody's negative outlook may raise financing costs.
  • Equity dilution from $700M financing plan and future issuances.
  • Data center zoning and permitting delays could slow load growth.
  • Storm-related costs from March ice storm impacted Q1 results.
  • Capital intensity from large-load projects may increase capex requirements beyond plan.

Questions analysts left open

  • Impact of data center load on rate-case filing cadence.
  • NorthStar strategy and potential M&A activity.
  • Equity financing needs and dilution risk.
  • Moody's negative outlook and counter-measures.
  • Timing and progress of IRP filing and DIG asset utilization.

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Recent CMS quarters

All CMS earnings
-0.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.