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AI brief of an SEC Form 8-K · CMS Energy (CMS)

CMS Energy Q2 adjusted EPS rises to $0.71 from $0.66; reaffirms 2025 guidance

Positive Impact 3 of 5 earnings Written later

CMS Energy reported second-quarter 2025 diluted EPS of $0.66, up from $0.65 a year earlier, and adjusted EPS of $0.71, up from $0.66. Operating revenue rose to $1,838 million from $1,607 million. The company reaffirmed its 2025 adjusted EPS guidance of $3.54 to $3.60 per share, so shareholders' full-year expectations were not changed.

Key points

  • Q2 2025 operating revenue was $1,838 million, compared with $1,607 million in Q2 2024.
  • Q2 2025 net income available to common stockholders was $198 million, compared with $195 million; diluted EPS was $0.66 versus $0.65.
  • Adjusted EPS was $0.71 versus $0.66; the adjustments include a state tax policy change worth $0.04 per share.
  • 2025 adjusted EPS guidance of $3.54 to $3.60 was reaffirmed, with long-term adjusted EPS growth of 6% to 8%; the company also reached an agreement with a new data center expected to add up to 1 gigawatt of load.

The filing

CompanyCMS Energy (CMS)
Form8-K, current report
Filed with the SECJul 31, 2025, 6:59 AM ET
Accession number0001104659-25-072445

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.

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.