UPDATE 1-CMS Energy posts higher first-quarter profit helped by robust demand, lower costs [Yahoo! Finance]
CMS Energy Corporation (CMS)
Last cms energy corporation earnings: 4/27 07:30 am
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Source: Yahoo! Finance
April 25 (Reuters) - CMS Energy reported a rise in first-quarter profit on Thursday, as the electric and gas utility benefitted from higher sales and improved weather which lowered storm-related restoration costs. Operating expenses for the first quarter, which include restoration costs, fell to $1.76 billion from $1.97 billion in the year-ago quarter. U.S. natural gas futures fell about 30% sequentially in the January-March quarter, which helped utilities such as CMS Energy reduce their costs. Peers such as Xcel Energy and PG&E Corp also benefitted from lower operating expenses and beat analysts' expectations for first-quarter profit earlier today. CMS Energy, during its post-earnings call, said it had secured a contract with a large data center in Michigan earlier this year. Utilities such as Southern Co, NextEra and American Electric Power have highlighted the ongoing AI and data center boom as a tailwind for earnings. "This is nice load growth. And I'm even more excited
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CMS
News
- CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred StockPR Newswire
- Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred StockPR Newswire
- Consumers Energy Foundation Awards $50,000 for Winners of the Put Your Town on the Map CompetitionPR Newswire
- CMS Energy Corporation (NYSE:CMS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CMS Energy Co. (NYSE: CMS) had its price target raised by analysts at Barclays PLC from $57.00 to $59.00. They now have an "equal weight" rating on the stock.MarketBeat
CMS
Earnings
- 4/25/24 - Beat
CMS
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 144
- 3/26/24 - Form 4
- CMS's page on the SEC website