Business Segments · Utilities Operating Expense
Electric Utility — Utilities Operating Expense
CMS Energy Electric Utility — Utilities Operating Expense increased by 6.4% to $1.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.4%, from $1.10B to $1.19B. Over 3 years (FY 2022 to FY 2025), Electric Utility — Utilities Operating Expense shows relatively stable performance with a -0.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
A decrease relative to revenue suggests improved operational efficiency and cost control.
Detailed definition
The total operating costs incurred by the electric utility segment, including fuel, maintenance, labor, and administrati...
Peer comparison
Standard operating expense metric for utility segments, often compared against regulatory benchmarks.
Metric ID:
cms_segment_electric_utility_utilities_operating_expenseHistorical Data
17 periods
| 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 | $1.16B | $1.16B | $1.16B | $1.16B | $993.25M | $993.25M | $993.25M | $993.25M | $971.00M | $982.00M | $1.10B | $1.03B | $1.10B | $1.10B | $1.23B | $1.12B | $1.19B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -14.2% | +0.0% | +0.0% | +0.0% | -2.2% | +1.1% | +12.1% | -6.9% | +7.0% | -0.1% | +12.1% | -9.1% | +6.4% |
| YoY Change | — | — | — | — | -14.2% | -14.2% | -14.2% | -14.2% | -2.2% | -1.1% | +10.8% | +3.2% | +13.0% | +11.6% | +11.6% | +9.0% | +8.4% |
Range$971.00M – $1.23B
CAGR+0.7%
Avg YoY Growth+0.6%
Median YoY Growth+3.2%
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Frequently Asked Questions
- What is CMS Energy's electric utility — utilities operating expense?
- CMS Energy (CMS) reported electric utility — utilities operating expense of $1.19B in Q1 2026.
- How has CMS Energy's electric utility — utilities operating expense changed year-over-year?
- CMS Energy's electric utility — utilities operating expense increased by 8.4% year-over-year, from $1.10B to $1.19B.
- What is the long-term trend for CMS Energy's electric utility — utilities operating expense?
- Over 3 years (2022 to 2025), CMS Energy's electric utility — utilities operating expense has grown at a -0.7% compound annual growth rate (CAGR), from $4.63B to $4.54B.
- What does electric utility — utilities operating expense mean?
- The total cost to run the day-to-day operations of the electric utility segment.