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CMS Energy CMS Aircraft fuel

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Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$22.33B+0.6%
Enterprise value$41.18B+4.8%
P/E20.2×-1.5×
P/S2.5×-0.2×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp
FCF margin12.8%-8.1pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:FuelCosts.

The source filing: CMS Energy’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 11:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000811156-26-000024
In Millions, Except Per Share Amounts / Three Months Ended March 31
Operating Revenue$$2,447
Operating Expenses
Fuel for electric generation217
Purchased and interchange power380
Purchased power – related parties18
Cost of gas sold383
Maintenance and other operating expenses405
Depreciation and amortization388

Item 1. Financial Statements

FAQ

What is CMS Energy's aircraft fuel?
CMS Energy (CMS) reported aircraft fuel of $220M in Q1 2026.
How has CMS Energy's aircraft fuel changed year-over-year?
CMS Energy's aircraft fuel increased by 1.4% year-over-year, from $217M to $220M.
What is the long-term trend for CMS Energy's aircraft fuel?
Over 4 years (2021 to 2025), CMS Energy's aircraft fuel has grown at a 2.6% compound annual growth rate (CAGR), from $593M to $657M.
What does aircraft fuel mean?
This metric tracks the direct costs associated with fuel consumption for aviation operations. It captures the volatility of energy commodity prices and the efficiency of fleet operations. For non-airline entities, this represents a specific operational cost linked to logistics or specialized service delivery.

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