JACKSON, Mich., April 25, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.96 for the first quarter of 2024, compared to $0.69 per share for 2023. The company's adjusted earnings per share for the first quarter were $0.97, compared to $0.70 per share for 2023 primarily due to higher weather-normalized sales and lower storm restoration costs. CMS Energy reaffirmed its 2024 adjusted earnings guidance to $3.29 to $3.35 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end. "We experienced a warmer than normal winter but remain on track to deliver our full year earnings guidance," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "I continue to be pleased with our performance, namely in the progress of our electric Reliability Roadmap and economic development efforts while continuing to lead the clean energy transformation, which will be further supported by Michigan's new clean energy law."  CMS Energy (NYSE:CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses. CMS Energy will hold a webcast to discuss its 2024 first quarter results and provide a business and financial outlook on Thursday, April 25 at 9:30 a.m. (EDT). To participate in the webcast, go to CMS Energy's homepage (cmsenergy.com) and select "Events and Presentations." Important information for investors about non-GAAP measures and other disclosures. This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, or other items. Management views adjusted earnings as a key measure of the company's present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company's reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.    This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings.  Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution. CMS ENERGY CORPORATIONConsolidated Statements of Income(Unaudited) In Millions, Except Per Share Amounts Three Months Ended 3/31/24 3/31/23 Operating revenue $ 2,176 $ 2,284 Operating expenses 1,764 1,970 Operating Income 412 314 Other income 86 56 Interest charges 177 147 Income Before Income Taxes 321 223 Income tax expense 58 29 Net Income 263 194 Loss attributable to noncontrolling interests (24) (10) Net Income Attributable to CMS Energy