CMS Energy Corp. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Revises Earnings Guidance for the Year 2015
For the year, the company reported operating revenue of $7,179 million against $6,566 million a year ago. Operating income was $1,152 million compared to $1,142 million for the same period of last year. Income before income taxes was $729 million compared to $756 million for the same period of last year. Net income available to common stockholders was $477 million compared to $452 million for the same period of last year. Income per diluted share was $1.74 compared to $1.66 for the same period of last year. Cash provided by operating activities was $1,447 million against $1,421 million a year ago.
The company raised guidance for 2015 adjusted earnings to $1.86 to $1.89 per share. This guidance is consistent with the company's long-term plan of 5% to 7% annual earnings per share growth, and builds, as always over the last dozen years, on the company's high-end actual performance.