CMS Energy has posted first-quarter 2022 adjusted earnings per share (EPS) of $1.20, beating the Zacks Consensus Estimate of $1.13, while GAAP earnings remained flat at $1.21 year-over-year. The company's operating revenues reached $2,374 million, marking a 17.9% increase from the previous year. Despite significant total debt of $12.275 billion, CMS generated $707 million in cash from operating activities and reaffirmed its adjusted earnings guidance at $2.88 for 2022.
“CMS Energy · reported · first-quarter 2022 adjusted earnings per share (EPS) · $1.20”
“Zacks Consensus Estimate · for CMS Energy's EPS · $1.13”
“CMS Energy · GAAP earnings · $1.21 · flat year over year”
“CMS Energy’s operating revenues · were · $2,374 million”
“Zacks Consensus Estimate for CMS Energy's operating revenues · was · $2,128.9 million”
“CMS Energy’s operating revenues · improved · 17.9% · on a year-over-year basis”
“CMS Energy · had cash and cash equivalents · $446 million · as of Mar 31, 2022”
“CMS Energy total debt · was · $12,275 million · as of Mar 31, 2022”
“CMS Energy · generated cash from operating activities · $707 million · in the first quarter of 2022”
“Zacks Consensus Estimate for CMS Energy's 2022 earnings · is currently pegged at · $2.88 · slightly above the mid-point of the company’s guided range”
“CMS Energy · has an ROCE · 5.0% · 5.0%”
“CMS Energy's ROCE · has decreased · 5.0% · from 6.9%”
