Business Segments · Cost of gas sold
Gas Utility — Cost of gas sold
CMS Energy Gas Utility — Cost of gas sold increased by 99.2% to $514.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 34.6%, from $382.00M to $514.00M. Over 3 years (FY 2022 to FY 2025), Gas Utility — Cost of gas sold shows a downward trend with a -13.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
Lower costs relative to revenue indicate better procurement efficiency or favorable market pricing.
Detailed definition
The direct costs associated with the purchase and procurement of natural gas supplied to customers. This is a primary va...
Peer comparison
Standard cost of goods sold (COGS) equivalent for gas utilities; highly dependent on commodity market prices.
Metric ID:
cms_segment_gas_utility_cost_of_gas_soldHistorical 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 | $310.75M | $310.75M | $310.75M | $310.75M | $224.25M | $224.25M | $224.25M | $224.25M | $350.00M | $66.00M | $31.00M | $190.00M | $382.00M | $123.00M | $40.00M | $258.00M | $514.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -27.8% | +0.0% | +0.0% | +0.0% | +56.1% | -81.1% | -53.0% | +512.9% | +101.1% | -67.8% | -67.5% | +545.0% | +99.2% |
| YoY Change | — | — | — | — | -27.8% | -27.8% | -27.8% | -27.8% | +56.1% | -70.6% | -86.2% | -15.3% | +9.1% | +86.4% | +29.0% | +35.8% | +34.6% |
Range$31.00M – $514.00M
CAGR+13.4%
Avg YoY Growth-2.5%
Median YoY Growth-15.3%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is CMS Energy's gas utility — cost of gas sold?
- CMS Energy (CMS) reported gas utility — cost of gas sold of $514.00M in Q1 2026.
- How has CMS Energy's gas utility — cost of gas sold changed year-over-year?
- CMS Energy's gas utility — cost of gas sold increased by 34.6% year-over-year, from $382.00M to $514.00M.
- What is the long-term trend for CMS Energy's gas utility — cost of gas sold?
- Over 3 years (2022 to 2025), CMS Energy's gas utility — cost of gas sold has grown at a -13.6% compound annual growth rate (CAGR), from $1.24B to $803.00M.
- What does gas utility — cost of gas sold mean?
- The direct cost of the natural gas purchased for resale to customers.