CMS Energy Non-GAAP EPS of $0.70 in-line, revenue of $2.28B misses by $40M

• CMS Energy press release (NYSE:CMS): Q1 Non-GAAP EPS of $0.70 in-line.
• Revenue of $2.28B (-3.8% Y/Y) misses by $40M.
• CMS Energy reaffirmed its 2023 adjusted earnings guidance of $3.06 to $3.12 per share vs. consensus of $3.10 and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the adjusted EPS growth range.
• "Despite a historically warm winter and severe ice storms, we remain confident in our ability to deliver on our full year earnings guidance," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "We look forward to working with all stakeholders as we look to improve customer reliability through thoughtful investments in our infrastructure."