Skip to content
OpenCapital
Get started

CMS Energy CMS Gas Utility — Revenue recognized from contracts with customers

Other segment segments

Electric Utility
$1.37B+5.3%
NorthStar Clean Energy
$118M+19.2%

Similar metrics at other companies

BKH
BKHGas Utilities — Revenue
$543.1M-5.1%
DNOW logo
DNOWGas Utilities — Revenue
$269M+3,263%
Spire logo
SRGas Utility — Revenue (Gross)
$992.7M+1.6%
Duke Energy logo
DUKGas Utilitiesand Infrastructure — Revenue from contracts with customers
$436M+24.9%
RGC Resources logo
RGCOGas Utility — Revenue
$45.43M+24.7%
New Jersey Resources logo
NJRNatural gas utility sales — Revenues from contracts with customers
$574.82M+12.8%

Other financials

Income statement

See full
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

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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 us-gaap:Revenues.

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

Ask your AI about CMS Energy's gas utility — revenue recognized from contracts with customers.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is CMS Energy's gas utility — revenue recognized from contracts with customers?
CMS Energy (CMS) reported gas utility — revenue recognized from contracts with customers of $1.24B in Q1 2026.
How has CMS Energy's gas utility — revenue recognized from contracts with customers changed year-over-year?
CMS Energy's gas utility — revenue recognized from contracts with customers increased by 18.6% year-over-year, from $1.05B to $1.24B.
What is the long-term trend for CMS Energy's gas utility — revenue recognized from contracts with customers?
Over 4 years (2021 to 2025), CMS Energy's gas utility — revenue recognized from contracts with customers has grown at a 4.8% compound annual growth rate (CAGR), from $2.06B to $2.49B.
What does gas utility — revenue recognized from contracts with customers mean?
Represents the total revenue generated from the sale of natural gas services to residential, commercial, and industrial customers. This figure reflects the core top-line performance of the gas utility segment based on contractual obligations and delivery volumes.