When did CMS Energy report Q3 2025 earnings?

CMS Energy (CMS) reported Q3 2025 earnings on October 30, 2025 before market open.

What were CMS Energy's Q3 2025 revenue and EPS?

CMS Energy reported revenue of $2.0B and diluted EPS of $0.93 for Q3 2025.

Did CMS Energy beat estimates in Q3 2025?

Revenue beat the consensus estimate of $1.8B by $175.4M. EPS beat the consensus estimate of $0.86 by $0.07.

How did CMS Energy's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 15.9% from $1.7B a year earlier and diluted EPS grew 10.7% from $0.84.

Where can I find CMS Energy's Q3 2025 SEC filings?

You can read the 10-Q periodic report (0000811156-25-000077) directly on SEC EDGAR. The filing index links above go to sec.gov.

CMS Energy CMS Q3 2025 earnings

Reported October 30, 2025 · Before market open

Revenue$2.0BBeat by $175.4M Diluted EPS$0.93Beat by $0.07

Revenue estimate$1.8B

EPS estimate$0.86

Next report

Jul 28, 2026 (In 2 weeks)

Revenue estimate$1.9B

EPS estimate$0.79

Financials

Q3 2025

Income statement

See full

Revenue$2.0B+15.9%

Operating income$481.0M+31.1%

Net income$277.0M+9.5%

EPS (diluted)$0.92+9.5%

Balance sheet

See full

Cash & equivalents$432.0M-7.5%

Total debt$18.1B+12.1%

Total equity$8.9B+9.3%

Total assets$38.0B+9.2%

Cash flow

See full

Operating cash flow$343.0M+12.8%

CapEx$978.0M+21.3%

Free cash flow-$635.0M-26.5%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$21.93B+3.9%

Enterprise value$39.61B+7.6%

P/E20.9×+0.8×

P/S2.6×-0.2×

Profitability

See full

Operating margin20.7%+1.1pp

Net margin12.6%-1.4pp

FCF margin12%+8.3pp

Returns & leverage

See full

Return on equity12.3%-1.4pp

Debt / equity2×+0.1×

Current ratio0.9×-0.3×

Segments

By product

See full

Residential$981.0M+17.6%

Commercial$622.0M+18.3%

Industrial$210.0M+20.7%

Other$95.0M-21.5%

By segment

See full

Electric Utility$1.7B+16.0%

Gas Utility$234.0M+9.9%

NorthStar Clean Energy$108.0M+31.7%

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

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Questions, answered.

When did CMS Energy report Q3 2025 earnings?: CMS Energy (CMS) reported Q3 2025 earnings on October 30, 2025 before market open.
What were CMS Energy's Q3 2025 revenue and EPS?: CMS Energy reported revenue of $2.0B and diluted EPS of $0.93 for Q3 2025.
Did CMS Energy beat estimates in Q3 2025?: Revenue beat the consensus estimate of $1.8B by $175.4M. EPS beat the consensus estimate of $0.86 by $0.07.
How did CMS Energy's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 15.9% from $1.7B a year earlier and diluted EPS grew 10.7% from $0.84.
Where can I find CMS Energy's Q3 2025 SEC filings?: You can read the 10-Q periodic report (0000811156-25-000077) directly on SEC EDGAR. The filing index links above go to sec.gov.