July 25 (Reuters) - CMS Energy (CMS.N) , opens new tab 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 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 CEO Garrick Rochow in a statement , opens new tab.

The company reaffirmed its 2024 adjusted earnings forecast of $3.29 to $3.35 per share.

Sign up here.

https://www.reuters.com/business/energy/cms-energy-beats-second-quarter-profit-estimates-warmer-weather-2024-07-25/