CMS Energy (CMS) Investor presentation summary

Leadership and management

• Seamless CFO transition to Sri Maddipati, reflecting strong succession planning and deep industry experience.

• Leadership team includes experienced executives across finance, operations, sustainability, and customer growth.

Business strategy and investment

• Focus on diversified growth, clean energy leadership, and strong cash flow with a long capital runway.

• Updated utility investment plan increases rate base growth to $46.8B by 2030, up $4B from prior plan.

• NorthStar Clean Energy platform includes over 1,000 MW in Michigan and significant renewable assets.

Financial performance and outlook

• Q1 2026 adjusted EPS at $1.13, with full-year guidance of $3.83–$3.90, trending toward the high end.

• Long-term adjusted EPS growth targeted at 6%–8%, with a ~55% dividend payout ratio.

• Utility capital plan for 2026–2030 totals $24B, supporting sustained growth.