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Utilities Operating Expense

Utilities Operating Expense

CMS Energy·Business Segments·2 segments·Rolls up to Utilities

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Data sourced from SEC filings — methodology

OpenCapital is not affiliated with or endorsed by the U.S. Securities and Exchange Commission (SEC). All data is sourced from publicly available SEC filings.

Segment	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Electric Utility	$1.1B	$1.1B	$1.23B	$1.12B	$1.19B
Gas Utility	$738M	$322M	$201M	$561M	$911M
Total	—	—	—	—	—