CMS Energy Gas Utility — D&A increased by 56.1% to $167.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.4%, from $154.00M to $167.00M. Over 4 years (FY 2021 to FY 2025), Gas Utility — D&A shows an upward trend with a 3.6% CAGR.
An increase typically signals significant recent capital investment in the asset base, while a stable trend reflects consistent asset replacement cycles.
The systematic allocation of the cost of long-lived utility assets over their estimated useful lives. This reflects the...
Standard non-cash expense for all capital-intensive utility firms.
cms_segment_gas_utility_depreciation_and_amortization| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $76.00M | $76.00M | $76.00M | $82.50M | $82.50M | $82.50M | $82.50M | $84.50M | $84.50M | $84.50M | $84.50M | $143.00M | $51.00M | $32.00M | $99.00M | $154.00M | $54.00M | $35.00M | $107.00M | $167.00M |
| QoQ Change | — | +0.0% | +0.0% | +8.6% | +0.0% | +0.0% | +0.0% | +2.4% | +0.0% | +0.0% | +0.0% | +69.2% | -64.3% | -37.3% | +209.4% | +55.6% | -64.9% | -35.2% | +205.7% | +56.1% |
| YoY Change | — | — | — | — | +8.6% | +8.6% | +8.6% | +2.4% | +2.4% | +2.4% | +2.4% | +69.2% | -39.6% | -62.1% | +17.2% | +7.7% | +5.9% | +9.4% | +8.1% | +8.4% |