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CMS Energy CMS NorthStar Clean Energy — Plant, property, and equipment, gross

Other segment segments

Electric Utility
$22.25B+9.4%
Gas Utility
$14.37B+7.2%
Independent power production
$1.59B+9.2%
Other
$3M+200%

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$4B+7.3%

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 cms:PropertyPlantAndEquipmentGrossExcludingCWIP.

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 northstar clean energy — plant, property, and equipment, gross?
CMS Energy (CMS) reported northstar clean energy — plant, property, and equipment, gross of $1.67B in Q1 2026.
How has CMS Energy's northstar clean energy — plant, property, and equipment, gross changed year-over-year?
CMS Energy's northstar clean energy — plant, property, and equipment, gross increased by 11.2% year-over-year, from $1.51B to $1.67B.
What is the long-term trend for CMS Energy's northstar clean energy — plant, property, and equipment, gross?
Over 2 years (2023 to 2025), CMS Energy's northstar clean energy — plant, property, and equipment, gross has grown at a 13.2% compound annual growth rate (CAGR), from $4.9B to $6.28B.
What does northstar clean energy — plant, property, and equipment, gross mean?
The total historical cost of the segment's physical assets, such as power plants, machinery, and infrastructure, before deducting accumulated depreciation. It reflects the total investment in the segment's productive capacity.