Gas Utility — CapEx
CMS Energy Gas Utility — CapEx remained flat by 0.0% to $266.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.7%, from $285.25M to $266.00M. Over 4 years (FY 2021 to FY 2025), Gas Utility — CapEx shows relatively stable performance with a 1.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher spending typically signals growth and system reliability improvements, while lower spending may indicate a focus on cash preservation or completion of major projects.
Detailed definition
Measures the cash outflows used by the gas utility segment to acquire, upgrade, or maintain physical assets such as pipe...
Peer comparison
Standard metric for capital-intensive utility businesses; peers typically show consistent annual investment levels.
cms_segment_gas_utility_capital_expendituresHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $989.00M | $1.01B | $1.04B | $1.14B | $1.06B |
| YoY Change | — | +1.9% | +3.3% | +9.6% | -6.7% |
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Frequently Asked Questions
- What is CMS Energy's gas utility — capex?
- CMS Energy (CMS) reported gas utility — capex of $266.00M in Q4 2025.
- How has CMS Energy's gas utility — capex changed year-over-year?
- CMS Energy's gas utility — capex decreased by 6.7% year-over-year, from $285.25M to $266.00M.
- What is the long-term trend for CMS Energy's gas utility — capex?
- Over 4 years (2021 to 2025), CMS Energy's gas utility — capex has grown at a 1.8% compound annual growth rate (CAGR), from $989.00M to $1.06B.
- What does gas utility — capex mean?
- The amount spent by the gas utility on building or upgrading its physical infrastructure.