What is CMS Energy's alternative-revenue programs?

CMS Energy (CMS) reported alternative-revenue programs of $3M in Q2 2024.

CMS Energy CMS Alternative-revenue programs

Discontinued — last reported Q2 '24

Segments

By segment

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Electric Utility$1M-50.0%

Gas Utility$0—

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 / 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 cms:AlternativeRevenuePrograms.

The official record: CMS Energy’s 10-Q, filed July 25, 2024, on SEC EDGAR. View the filing →

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What is CMS Energy's alternative-revenue programs?: CMS Energy (CMS) reported alternative-revenue programs of $3M in Q2 2024.