CMS Energy Gas Utility — Maintenance and other operating expenses increased by 1.5% to $139.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.8%, from $116.00M to $139.00M. Over 3 years (FY 2022 to FY 2025), Gas Utility — Maintenance and other operating expenses shows a downward trend with a -5.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal aging infrastructure requiring more repairs, while a decrease could indicate cost-cutting or improved operational efficiency.
The recurring costs required to maintain, repair, and operate the gas distribution network and administrative functions....
Standard operating expense (O&M) metric for all utility companies.
cms_segment_gas_utility_maintenance_and_other_operating_expenses| 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 | $138.50M | $138.50M | $138.50M | $138.50M | $127.75M | $127.75M | $127.75M | $127.75M | $140.00M | $116.00M | $99.00M | $99.00M | $116.00M | $112.00M | $103.00M | $137.00M | $139.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.8% | +0.0% | +0.0% | +0.0% | +9.6% | -17.1% | -14.7% | +0.0% | +17.2% | -3.4% | -8.0% | +33.0% | +1.5% |
| YoY Change | — | — | — | — | -7.8% | -7.8% | -7.8% | -7.8% | +9.6% | -9.2% | -22.5% | -22.5% | -17.1% | -3.4% | +4.0% | +38.4% | +19.8% |