July 25 (Reuters) - CMS Energy ( CMS/PB ) beat
second-quarter profit estimate on Thursday as the electric and
gas utility benefited from higher sales on warmer weather.
During the June-end quarter, extremely hot weather increased
the usage of electrical appliances such as air conditioners and
refrigerator, boosting earnings for utilities such as CMS
Energy ( CMS/PB ).
CMS said second-quarter operating revenue for its electric
utility jumped nearly 9% to $1.23 billion from a year earlier.
The Jackson, Michigan-based company posted an adjusted
profit of 66 cents per share, topping average Wall Street
estimate of 63 cents, according to LSEG data.
"We are on track to deliver our full year earnings guidance
after a strong first half of the year prioritizing investments
in our electric and gas systems to deliver value for customers,"
said CMS Energy ( CMS/PB ) CEO Garrick Rochow in a statement.
The company reaffirmed its 2024 adjusted earnings forecast
of $3.29 to $3.35 per share.