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CMS Energy CMS Gas Utility — Total Assets

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BKH
BKHGas Utilities — Property Plant And Equipment Gross
$5.07B+7.5%

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 / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:Assets.

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 gas utility — total assets?
CMS Energy (CMS) reported gas utility — total assets of $14.03B in Q1 2026.
How has CMS Energy's gas utility — total assets changed year-over-year?
CMS Energy's gas utility — total assets increased by 7.4% year-over-year, from $13.07B to $14.03B.
What is the long-term trend for CMS Energy's gas utility — total assets?
Over 4 years (2021 to 2025), CMS Energy's gas utility — total assets has grown at a 8.4% compound annual growth rate (CAGR), from $39.39B to $54.49B.
What does gas utility — total assets mean?
The sum of all assets, including property, plant, equipment, and current assets, controlled by the gas utility segment. This metric represents the total resource base utilized to generate revenue and provide gas services.