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

CMS Energy reports 2025 EPS of $3.53 and raises 2026 adjusted EPS guidance

Positive Impact 4 of 5 earnings Written later

CMS Energy reported 2025 diluted earnings per share of $3.53, up from $3.33 in 2024, and adjusted EPS of $3.61 versus $3.34. Operating revenue rose to $8.5 billion from $7.5 billion, and the company raised its 2026 adjusted EPS guidance to $3.83 to $3.90 from $3.80 to $3.87. For shareholders, the filing shows higher 2025 earnings, a higher 2026 earnings outlook, and an 11-cent increase in the annual dividend.

Key points

  • 2025 diluted EPS was $3.53 versus $3.33 in 2024; adjusted EPS was $3.61 versus $3.34
  • 2026 adjusted EPS guidance raised to $3.83 to $3.90 from $3.80 to $3.87; long-term adjusted EPS growth of 6 to 8 percent reaffirmed
  • Annual dividend increased 11 cents per share to $2.28 for 2026, the 20th increase in as many years
  • Fourth-quarter 2025 diluted EPS was $0.94 versus $0.87 a year earlier; webcast set for February 5, 2026 at 10:00 a.m. ET

The filing

CompanyCMS Energy (CMS)
Form8-K, current report
Filed with the SECFeb 5, 2026, 6:39 AM ET
Accession number0001104659-26-010603

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 February 05, 2026.

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.