Business Segments · Utilities Operating Expense
Gas Utility — Utilities Operating Expense
CMS Energy Gas Utility — Utilities Operating Expense increased by 62.4% to $911.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.4%, from $738.00M to $911.00M. Over 3 years (FY 2022 to FY 2025), Gas Utility — Utilities Operating Expense shows a downward trend with a -7.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
Lower expenses relative to revenue indicate higher operational efficiency and better cost management.
Detailed definition
The aggregate of all operating costs incurred by the gas utility, including maintenance, labor, administrative costs, an...
Peer comparison
Standard operating expense metric for utilities, used to evaluate management's ability to control O&M costs.
Metric ID:
cms_segment_gas_utility_utilities_operating_expenseHistorical 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 | $571.50M | $571.50M | $571.50M | $571.50M | $480.50M | $480.50M | $480.50M | $480.50M | $714.00M | $264.00M | $182.00M | $444.00M | $738.00M | $322.00M | $201.00M | $561.00M | $911.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -15.9% | +0.0% | +0.0% | +0.0% | +48.6% | -63.0% | -31.1% | +144.0% | +66.2% | -56.4% | -37.6% | +179.1% | +62.4% |
| YoY Change | — | — | — | — | -15.9% | -15.9% | -15.9% | -15.9% | +48.6% | -45.1% | -62.1% | -7.6% | +3.4% | +22.0% | +10.4% | +26.4% | +23.4% |
Range$182.00M – $911.00M
CAGR+12.4%
Avg YoY Growth-3.4%
Median YoY Growth-7.6%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is CMS Energy's gas utility — utilities operating expense?
- CMS Energy (CMS) reported gas utility — utilities operating expense of $911.00M in Q1 2026.
- How has CMS Energy's gas utility — utilities operating expense changed year-over-year?
- CMS Energy's gas utility — utilities operating expense increased by 23.4% year-over-year, from $738.00M to $911.00M.
- What is the long-term trend for CMS Energy's gas utility — utilities operating expense?
- Over 3 years (2022 to 2025), CMS Energy's gas utility — utilities operating expense has grown at a -7.3% compound annual growth rate (CAGR), from $2.29B to $1.82B.
- What does gas utility — utilities operating expense mean?
- The total operating costs required to run the gas utility business.