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

CMS Energy Q3 GAAP EPS falls to $0.39 on NorthStar charge; adjusted EPS rises to $1.44

Mixed Impact 3 of 5 earnings

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.

Key points

  • 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.

The filing

CompanyCMS Energy (CMS)
Form8-K, current report
Filed with the SECOct 27, 2026, 6:39 AM ET
Accession number0001104659-26-118972

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

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.