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CMS Energy CMS Electric Utility — Plant, property, and equipment, gross

Other segment segments

Gas Utility
$14.37B+7.2%
NorthStar Clean Energy
$1.67B+11.2%
Independent power production
$1.59B+9.2%
Other
$3M+200%

Similar metrics at other companies

MDU Resources Group logo
MDUElectric — Property, Plant and Equipment, Gross
$2.87B+15.6%
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BKHElectric Utilities — Property Plant And Equipment Gross Period Increase Decrease
$189.5M+85.6%
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BKHElectric Utilities — Property Plant Equipment Excluding Construction In Progress
$5.26B+8.7%
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NJRPublic Utilities And Other Property, Plant and Equipment, Gross
$7.3B+10.3%
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BKHGas Utilities — Property Plant And Equipment Gross
$5.07B+7.5%
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BKHElectric Utilities — PP&E (Net)
$3.89B+9.4%

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$23.63B+16.1%
Enterprise value$42.49B+13.5%
P/E21.4×+1.4×
P/S2.7×+0.1×

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 / equity2×0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept cms:PropertyPlantAndEquipmentGrossExcludingCWIP.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's electric utility — plant, property, and equipment, gross?
CMS Energy (CMS) reported electric utility — plant, property, and equipment, gross of $22.25B in Q1 2026.
How has CMS Energy's electric utility — plant, property, and equipment, gross changed year-over-year?
CMS Energy's electric utility — plant, property, and equipment, gross increased by 9.4% year-over-year, from $20.34B to $22.25B.
What is the long-term trend for CMS Energy's electric utility — plant, property, and equipment, gross?
Over 4 years (2021 to 2025), CMS Energy's electric utility — plant, property, and equipment, gross has grown at a 4.1% compound annual growth rate (CAGR), from $71.53B to $84.07B.
What does electric utility — plant, property, and equipment, gross mean?
The total historical cost of the electric utility's physical assets, such as power plants, transmission lines, and distribution infrastructure, before accumulated depreciation. This metric represents the scale of the utility's capital investment and asset base. It is a critical indicator of the company's capacity to deliver energy services.