Discontinued — last reported Q4 '24
Other
Unbilled Receivables
CMS Energy Unbilled Receivables decreased by 21.1% to $520.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from $489.00M to $520.00M. Over 5 years (FY 2020 to FY 2025), Unbilled Receivables shows an upward trend with a 8.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2017
Last reportedQ4 2024
How to read this metric
Significant changes can reflect shifts in billing cycles or seasonal usage patterns rather than operational performance.
Detailed definition
Revenue that has been earned through the delivery of electricity but has not yet been formally billed to the customer as...
Peer comparison
Common in all utility companies; highly dependent on the specific meter-reading schedule of the utility.
Metric ID:
other_unbilled_receivables_currentHistorical Data
20 periods
| 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 | $361.00M | $340.00M | $486.00M | $491.00M | $387.00M | $369.00M | $663.00M | $447.00M | $339.00M | $321.00M | $494.00M | $472.00M | $446.00M | $391.00M | $584.00M | $489.00M | $464.00M | $381.00M | $659.00M | $520.00M |
| QoQ Change | — | -5.8% | +42.9% | +1.0% | -21.2% | -4.7% | +79.7% | -32.6% | -24.2% | -5.3% | +53.9% | -4.5% | -5.5% | -12.3% | +49.4% | -16.3% | -5.1% | -17.9% | +73.0% | -21.1% |
| YoY Change | — | — | — | — | +7.2% | +8.5% | +36.4% | -9.0% | -12.4% | -13.0% | -25.5% | +5.6% | +31.6% | +21.8% | +18.2% | +3.6% | +4.0% | -2.6% | +12.8% | +6.3% |
Range$321.00M – $663.00M
CAGR+8.0%
Avg YoY Growth+5.9%
Median YoY Growth+6.0%
Unbilled Receivables at Other Companies
Frequently Asked Questions
- What is CMS Energy's unbilled receivables?
- CMS Energy (CMS) reported unbilled receivables of $520.00M in Q1 2026.
- How has CMS Energy's unbilled receivables changed year-over-year?
- CMS Energy's unbilled receivables increased by 6.3% year-over-year, from $489.00M to $520.00M.
- What is the long-term trend for CMS Energy's unbilled receivables?
- Over 5 years (2020 to 2025), CMS Energy's unbilled receivables has grown at a 8.6% compound annual growth rate (CAGR), from $437.00M to $659.00M.
- What does unbilled receivables mean?
- Revenue earned from services provided but not yet invoiced to customers.