Business Segments · Operating Income (Loss)
Gas Utility — Operating Income (Loss)
CMS Energy Gas Utility — Operating Income (Loss) increased by 27.1% to $333.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.1%, from $311.00M to $333.00M. Over 3 years (FY 2022 to FY 2025), Gas Utility — Operating Income (Loss) shows an upward trend with a 14.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
An increase indicates stronger operational performance or favorable rate outcomes, while a decrease signals rising costs or regulatory challenges.
Detailed definition
The profit generated from core gas utility operations, calculated as total revenue minus total operating expenses. This...
Peer comparison
Standard operating profit metric for all business segments.
Metric ID:
cms_segment_gas_utility_operating_income_lossHistorical 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 | $111.50M | $111.50M | $111.50M | $111.50M | $124.50M | $124.50M | $124.50M | $124.50M | $251.00M | $43.00M | $31.00M | $209.00M | $311.00M | $65.00M | $33.00M | $262.00M | $333.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.7% | +0.0% | +0.0% | +0.0% | +101.6% | -82.9% | -27.9% | +574.2% | +48.8% | -79.1% | -49.2% | +693.9% | +27.1% |
| YoY Change | — | — | — | — | +11.7% | +11.7% | +11.7% | +11.7% | +101.6% | -65.5% | -75.1% | +67.9% | +23.9% | +51.2% | +6.5% | +25.4% | +7.1% |
Range$31.00M – $333.00M
CAGR+31.5%
Avg YoY Growth+14.6%
Median YoY Growth+11.7%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is CMS Energy's gas utility — operating income (loss)?
- CMS Energy (CMS) reported gas utility — operating income (loss) of $333.00M in Q1 2026.
- How has CMS Energy's gas utility — operating income (loss) changed year-over-year?
- CMS Energy's gas utility — operating income (loss) increased by 7.1% year-over-year, from $311.00M to $333.00M.
- What is the long-term trend for CMS Energy's gas utility — operating income (loss)?
- Over 3 years (2022 to 2025), CMS Energy's gas utility — operating income (loss) has grown at a 14.6% compound annual growth rate (CAGR), from $446.00M to $671.00M.
- What does gas utility — operating income (loss) mean?
- The profit earned from core gas utility business activities.