Business Segments · Revenue recognized from contracts with customers

Gas Utility — Revenue recognized from contracts with customers

CMS Energy Gas Utility — Revenue recognized from contracts with customers increased by 51.2% to $1.24B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.6%, from $1.05B to $1.24B. Over 4 years (FY 2021 to FY 2025), Gas Utility — Revenue recognized from contracts with customers shows an upward trend with a 4.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026
Rolls up toTotal Revenue

How to read this metric

An increase indicates higher customer demand, rate adjustments, or expanded service territory, while a decrease may signal lower consumption or regulatory pricing pressure.

Detailed definition

Represents the total revenue generated from the sale of natural gas services to residential, commercial, and industrial...

Peer comparison

Standard revenue line item for all regulated gas utility providers.

Metric ID: cms_segment_gas_utility_revenue_recognized_from_contracts_with_customers

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$333.00M$225.00M$702.00M$1.05B$477.00M$294.00M$921.00M$1.12B$357.00M$244.00M$700.00M$965.00M$307.00M$213.00M$653.00M$1.05B$387.00M$234.00M$823.00M$1.24B
QoQ Change-32.4%+212.0%+49.1%-54.4%-38.4%+213.3%+21.5%-68.1%-31.7%+186.9%+37.9%-68.2%-30.6%+206.6%+60.6%-63.1%-39.5%+251.7%+51.2%
YoY Change+43.2%+30.7%+31.2%+6.9%-25.2%-17.0%-24.0%-13.8%-14.0%-12.7%-6.7%+8.7%+26.1%+9.9%+26.0%+18.6%
Range$213.00M$1.24B
CAGR+32.0%
Avg YoY Growth+5.5%
Median YoY Growth+7.8%
Current Streak2 quarters growth

Frequently Asked Questions

What is CMS Energy's gas utility — revenue recognized from contracts with customers?
CMS Energy (CMS) reported gas utility — revenue recognized from contracts with customers of $1.24B in Q1 2026.
How has CMS Energy's gas utility — revenue recognized from contracts with customers changed year-over-year?
CMS Energy's gas utility — revenue recognized from contracts with customers increased by 18.6% year-over-year, from $1.05B to $1.24B.
What is the long-term trend for CMS Energy's gas utility — revenue recognized from contracts with customers?
Over 4 years (2021 to 2025), CMS Energy's gas utility — revenue recognized from contracts with customers has grown at a 4.8% compound annual growth rate (CAGR), from $2.06B to $2.49B.
What does gas utility — revenue recognized from contracts with customers mean?
The total revenue earned from providing natural gas services to customers.