Business Segments · CapEx
NorthStar Clean Energy — CapEx
CMS Energy NorthStar Clean Energy — CapEx remained flat by 0.0% to $124.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 72.9%, from $72.00M to $124.50M. Over 4 years (FY 2021 to FY 2025), NorthStar Clean Energy — CapEx shows an upward trend with a 132.6% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2020
Last reportedQ4 2025
How to read this metric
An increase suggests aggressive expansion or infrastructure investment, while a decrease may indicate a shift toward maintenance or a pause in growth projects.
Detailed definition
Represents the cash outflows used by the business segment to acquire, upgrade, or maintain physical assets such as renew...
Peer comparison
Commonly reported by energy and utility companies as 'Capital Expenditures' or 'Additions to Property, Plant, and Equipment' within segment disclosures.
Metric ID:
cms_segment_northstar_clean_energy_capital_expendituresHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $17.00M | $113.00M | $156.00M | $288.00M | $498.00M |
| YoY Change | — | +564.7% | +38.1% | +84.6% | +72.9% |
Range$17.00M – $498.00M
CAGR+132.6%
Avg YoY Growth+190.1%
Median YoY Growth+78.8%
Current Streak4+ years growth
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Frequently Asked Questions
- What is CMS Energy's northstar clean energy — capex?
- CMS Energy (CMS) reported northstar clean energy — capex of $124.50M in Q4 2025.
- How has CMS Energy's northstar clean energy — capex changed year-over-year?
- CMS Energy's northstar clean energy — capex increased by 72.9% year-over-year, from $72.00M to $124.50M.
- What is the long-term trend for CMS Energy's northstar clean energy — capex?
- Over 4 years (2021 to 2025), CMS Energy's northstar clean energy — capex has grown at a 132.6% compound annual growth rate (CAGR), from $17.00M to $498.00M.
- What does northstar clean energy — capex mean?
- The total amount of money spent by the business segment on long-term assets like power plants and equipment.