Nov 3, 12:31 PM ET
On November 3, 2026, CMS Energy issued and sold $1 billion of 6.800% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 under a shelf registration. The company plans to use the net proceeds to repay its $275 million 2.95% Senior Notes due February 2027 and its $350 million 3.45% Senior Notes due August 2027, and for general corporate purposes. The filing mainly adds offering documents as exhibits to the registration statement.
- $1,000,000,000 principal of 6.800% junior subordinated notes due 2057 issued November 3, 2026, under shelf registration No. 333-293382
- Proceeds earmarked to repay $275 million 2.95% senior notes due February 2027 and $350 million 3.45% senior notes due August 2027, plus general corporate purposes
- Estimated offering expenses total $1,800,000, including $1,550,350 in rating agency fees
- Underwriters named include Deutsche Bank Securities, J.P. Morgan Securities, Mizuho Securities, Morgan Stanley, MUFG Securities Americas and Wells Fargo Securities
Read the filing on SEC.gov ↗
Oct 27, 6:39 AM ET
CMS Energy reported third-quarter 2026 GAAP earnings of $0.39 per diluted share, down from $0.92 a year earlier, after asset impairment and restructuring charges tied to NorthStar Clean Energy. Adjusted earnings per share rose to $1.44 from $0.93, and the company reaffirmed its 2026 and 2027 adjusted EPS guidance, which means shareholders see a large one-time charge in reported results while the company's adjusted outlook is unchanged.
- Q3 2026 operating revenue was $2,183 million, up from $2,021 million in Q3 2025.
- Q3 2026 net income available to common stockholders was $121 million, compared with $275 million a year earlier.
- Reaffirmed 2026 adjusted EPS guidance of $3.83 to $3.90 per share and 2027 guidance of $4.08 to $4.17.
- Asset impairment and restructuring activities added $1.08 per share to the quarter's reconciling items, with a $0.39 GAAP reported figure.
Read the filing on SEC.gov ↗
Jul 28, 6:38 AM ET
CMS Energy reported second-quarter 2026 diluted earnings of $0.37 per share, down from $0.66 a year earlier, and adjusted EPS of $0.37 versus $0.71. The company also said it is exiting non-utility renewables development at NorthStar Clean Energy and reaffirmed 2026 adjusted EPS guidance of $3.83 to $3.90 while introducing 2027 guidance of $4.08 to $4.17, which matters to shareholders because it sets the company's near-term earnings outlook after a weaker quarter.
- Q2 2026 operating revenue was $1,829 million versus $1,838 million in Q2 2025; net income available to common stockholders was $117 million versus $198 million
- First-half 2026 diluted EPS was $1.47 versus $1.67; adjusted EPS was $1.50 versus $1.73
- 2026 adjusted EPS guidance of $3.83 to $3.90 was reaffirmed, with confidence toward the high end; 2027 guidance is $4.08 to $4.17
- NorthStar Clean Energy strategic review completed; the company retains Dearborn Industrial Generation and Michigan solar projects and targets restructuring completion by year-end 2026
Read the filing on SEC.gov ↗
Jun 3, 1:40 PM ET
CMS Energy announced that Rejji P. Hayes retired as executive vice president and chief financial officer effective June 3, 2026, and that Srikanth (Sri) Maddipati, 43, succeeded him in the role the same day. The company also reaffirmed on June 3, 2026 the guidance it gave on April 28, 2026, which signals no change to its outlook in the filing.
- Srikanth (Sri) Maddipati, 43, named executive vice president and CFO of CMS Energy and Consumers Energy, effective June 3, 2026; he joined the company in 2014 as assistant treasurer
- Maddipati's base salary set at $775,000 annually, with a standard incentive award of 80% of base salary, both effective June 3, 2026
- Maddipati to receive $750,000 in tenure-based restricted stock that cliff vests on his third-year service anniversary
- CMS Energy reaffirmed its guidance as of June 3, 2026, as provided on April 28, 2026; Chris Fultz named president of electric supply, effective June 3
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
