Business Segments · Operating Income (Loss)
Electric Utility — Operating Income (Loss)
CMS Energy Electric Utility — Operating Income (Loss) decreased by 2.7% to $179.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.4%, from $202.00M to $179.00M. Over 3 years (FY 2022 to FY 2025), Electric Utility — Operating Income (Loss) shows an upward trend with a 11.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
Higher operating income indicates strong operational performance, effective cost control, and favorable regulatory rate outcomes.
Detailed definition
This represents the profit generated from core utility operations after deducting all operating expenses from total reve...
Peer comparison
Standard measure of operating profitability for utility segments.
Metric ID:
cms_segment_electric_utility_operating_income_lossHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $197.25M | $197.25M | $197.25M | $197.25M | $193.00M | $193.00M | $193.00M | $193.00M | $161.00M | $244.00M | $347.00M | $230.00M | $202.00M | $263.00M | $450.00M | $184.00M | $179.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -2.2% | +0.0% | +0.0% | +0.0% | -16.6% | +51.6% | +42.2% | -33.7% | -12.2% | +30.2% | +71.1% | -59.1% | -2.7% |
| YoY Change | — | — | — | — | -2.2% | -2.2% | -2.2% | -2.2% | -16.6% | +26.4% | +79.8% | +19.2% | +25.5% | +7.8% | +29.7% | -20.0% | -11.4% |
Range$161.00M – $450.00M
CAGR-2.4%
Avg YoY Growth+10.1%
Median YoY Growth-2.2%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is CMS Energy's electric utility — operating income (loss)?
- CMS Energy (CMS) reported electric utility — operating income (loss) of $179.00M in Q1 2026.
- How has CMS Energy's electric utility — operating income (loss) changed year-over-year?
- CMS Energy's electric utility — operating income (loss) decreased by 11.4% year-over-year, from $202.00M to $179.00M.
- What is the long-term trend for CMS Energy's electric utility — operating income (loss)?
- Over 3 years (2022 to 2025), CMS Energy's electric utility — operating income (loss) has grown at a 11.7% compound annual growth rate (CAGR), from $789.00M to $1.10B.
- What does electric utility — operating income (loss) mean?
- Profit earned from core electric utility operations.