When did CMS Energy report Q2 2025 earnings?

CMS Energy (CMS) reported Q2 2025 earnings on July 31, 2025 before market open.

What were CMS Energy's Q2 2025 revenue and EPS?

CMS Energy reported revenue of $1.8B and diluted EPS of $0.71 for Q2 2025.

Did CMS Energy beat estimates in Q2 2025?

Revenue beat the consensus estimate of $1.7B by $100.7M. EPS beat the consensus estimate of $0.68 by $0.03.

How did CMS Energy's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 14.4% from $1.6B a year earlier and diluted EPS grew 7.6% from $0.66.

Where can I find CMS Energy's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0000811156-25-000071) directly on SEC EDGAR. The filing index links above go to sec.gov.

CMS Energy CMS Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$1.8BBeat by $100.7M Diluted EPS$0.71Beat by $0.03

Revenue estimate$1.7B

EPS estimate$0.68

Next report

Jul 28, 2026 (In 2 weeks)

Revenue estimate$1.9B

EPS estimate$0.79

Financials

Q2 2025

Income statement

See full

Revenue$1.8B+14.4%

Operating income$317.0M+12.0%

Net income$201.0M+1.5%

EPS (diluted)$0.66+1.5%

Balance sheet

See full

Cash & equivalents$925.0M+17.2%

Total debt$18.0B+14.3%

Total equity$8.4B+4.9%

Total assets$37.7B+9.7%

Cash flow

See full

Operating cash flow$414.0M-41.4%

CapEx$884.0M+29.8%

Free cash flow-$470.0M-1,908%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$20.85B+17.3%

Enterprise value$37.95B+15.9%

P/E20.4×+2.1×

P/S2.6×+0.2×

Profitability

See full

Operating margin20%+1.5pp

Net margin12.8%-0.3pp

FCF margin14%+1.2pp

Returns & leverage

See full

Return on equity12.5%-0.3pp

Debt / equity2.1×+0.2×

Current ratio1×-0.2×

Segments

By product

See full

Residential$895.0M+18.9%

Commercial$563.0M+13.3%

Industrial$209.0M+14.8%

Other$73.0M-22.3%

By segment

See full

Electric Utility$1.4B+10.8%

Gas Utility$387.0M+26.1%

NorthStar Clean Energy$92.0M+24.3%

Versus estimates

Revenue

Q1 2026$2.7BBeat by $271.7M Q4 2025$2.2BBeat by $349.4M Q3 2025$2.0BBeat by $175.4M

Q2 2025$1.8BBeat by $100.7M

Q1 2025$2.4BBeat by $209.0M Q4 2024$2.0BMiss by $176.9M

Diluted EPS

Q1 2026$1.13Beat by $0.02 Q4 2025$0.95Beat by $0.02 Q3 2025$0.93Beat by $0.07

Q2 2025$0.71Beat by $0.03

Q1 2025$1.02Beat by $0.01 Q4 2024$0.87In line

Ask the moment CMS Energy reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did CMS Energy report Q2 2025 earnings?: CMS Energy (CMS) reported Q2 2025 earnings on July 31, 2025 before market open.
What were CMS Energy's Q2 2025 revenue and EPS?: CMS Energy reported revenue of $1.8B and diluted EPS of $0.71 for Q2 2025.
Did CMS Energy beat estimates in Q2 2025?: Revenue beat the consensus estimate of $1.7B by $100.7M. EPS beat the consensus estimate of $0.68 by $0.03.
How did CMS Energy's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 14.4% from $1.6B a year earlier and diluted EPS grew 7.6% from $0.66.
Where can I find CMS Energy's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0000811156-25-000071) directly on SEC EDGAR. The filing index links above go to sec.gov.