CMS Energy CMS Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Electric Utility | $0— | $0— | $0-100% | $1M— | $0— | |
| Gas Utility | $0-100% | $1M— | $0— | $0— | $0-100% | |
| NorthStar Clean Energy | -$63M-31.3% | -$48M-860% | -$5M+44.4% | -$9M0.0% | -$9M+18.2% | |
| Income from Continuing Ops by Business | ||||||
| Electric Utility | $110M+7.8% | $102M-68.7% | $326M+94.0% | $168M+35.5% | $124M-12.1% | |
| Gas Utility | $220M+27.9% | $172M— | $0-100% | $25M-88.3% | $213M+59.0% | |
| NorthStar Clean Energy | -$22M-375% | $8M+33.3% | $6M-53.8% | $13M+148% | -$27M— | |
| Total other income by Business | ||||||
| Electric Utility | $43M+59.3% | $27M-20.6% | $34M-5.6% | $36M+33.3% | $27M+28.6% | |
| Gas Utility | $23M+21.1% | $19M-13.6% | $22M-4.3% | $23M+21.1% | $19M+18.8% | |
| NorthStar Clean Energy | $7M-30.0% | $10M+150% | $4M+100% | $2M+100% | $1M-66.7% | |
| Operating Income (Loss) by Business | ||||||
| Electric Utility | $179M-2.7% | $184M-59.1% | $450M+71.1% | $263M+30.2% | $202M-12.2% | |
| Gas Utility | $333M+27.1% | $262M+694% | $33M-49.2% | $65M-79.1% | $311M+48.8% | |
| NorthStar Clean Energy | -$20M-400% | -$4M-500% | $1M+113% | -$8M+52.9% | -$17M-240% | |
| Revenue recognized from contracts with customers by Business | ||||||
| Electric Utility | $1.37B+5.1% | $1.3B-22.5% | $1.68B+23.5% | $1.36B+4.6% | $1.3B+3.5% | |
| Gas Utility | $1.24B+51.2% | $823M+252% | $234M-39.5% | $387M-63.1% | $1.05B+60.6% | |
| NorthStar Clean Energy | $118M+8.3% | $109M+0.9% | $108M+17.4% | $92M-7.1% | $99M+22.2% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Electric Utility | $110M+7.8% | $102M-68.7% | $326M+95.2% | $167M+34.7% | $124M-12.1% | |
| Gas Utility | $220M+28.7% | $171M— | $0-100% | $25M-88.3% | $213M+60.2% | |
| NorthStar Clean Energy | $41M-26.8% | $56M+409% | $11M-50.0% | $22M+222% | -$18M-280% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Electric Utility | $139M+14.9% | $121M-69.1% | $392M+86.7% | $210M+42.9% | $147M-13.0% | |
| Gas Utility | $300M+32.2% | $227M+11,250% | $2M-94.6% | $37M-86.9% | $282M+60.2% | |
| NorthStar Clean Energy | -$15M— | —— | $6M+220% | -$5M+68.8% | -$16M-433% | |
| Income Tax by Business | ||||||
| Electric Utility | $29M+52.6% | $19M-71.2% | $66M+57.1% | $42M+82.6% | $23M-17.9% | |
| Gas Utility | $80M+45.5% | $55M+2,650% | $2M-83.3% | $12M-82.6% | $69M+64.3% | |
| NorthStar Clean Energy | $7M— | —— | $0+100% | -$18M-264% | $11M+650% | |
| Plant, property, and equipment, gross by Business | ||||||
| Electric Utility | $22.25B+1.7% | $21.87B+3.7% | $21.1B+1.6% | $20.76B+2.1% | $20.34B+1.0% | |
| Gas Utility | $14.37B+1.1% | $14.22B+2.4% | $13.89B+2.1% | $13.61B+1.5% | $13.41B+1.1% | |
| NorthStar Clean Energy | $1.67B+1.5% | $1.65B+5.2% | $1.57B+0.4% | $1.56B+3.8% | $1.51B-0.1% | |
| Total Assets by Business | ||||||
| Electric Utility | $23.48B+2.9% | $22.81B+3.8% | $21.97B-0.1% | $22B+5.1% | $20.93B+0.8% | |
| Gas Utility | $14.03B-1.4% | $14.23B+3.4% | $13.76B+2.5% | $13.43B+2.8% | $13.07B-1.7% | |
| NorthStar Clean Energy | $2.74B+9.9% | $2.5B+12.0% | $2.23B+5.9% | $2.11B+6.5% | $1.98B+4.4% | |
| General taxes by Business | ||||||
| Electric Utility | $79M+12.9% | $70M-13.6% | $81M+11.0% | $73M0.0% | $73M+9.0% | |
| Gas Utility | $91M+54.2% | $59M+157% | $23M-30.3% | $33M-61.6% | $86M+53.6% | |
| NorthStar Clean Energy | $3M-40.0% | $5M+66.7% | $3M0.0% | $3M0.0% | $3M+50.0% | |
| Costs and Expenses by Business | ||||||
| Electric Utility | $1.19B+6.4% | $1.12B-9.1% | $1.23B+12.1% | $1.1B-0.1% | $1.1B+7.0% | |
| Gas Utility | $911M+62.4% | $561M+179% | $201M-37.6% | $322M-56.4% | $738M+66.2% | |
| NorthStar Clean Energy | $138M+22.1% | $113M+5.6% | $107M+7.0% | $100M-13.8% | $116M+34.9% | |
| Total interest charges by Business | ||||||
| Electric Utility | $83M-7.8% | $90M-2.2% | $92M+3.4% | $89M+8.5% | $82M0.0% | |
| Gas Utility | $56M+3.7% | $54M+1.9% | $53M+3.9% | $51M+6.3% | $48M-2.0% | |
| NorthStar Clean Energy | $2M+140% | -$5M-400% | -$1M0.0% | -$1M— | $0-100% | |
| Power supply cost by Business | ||||||
| Electric Utility | $600M+23.5% | $486M-22.1% | $624M+16.2% | $537M-1.6% | $546M+19.0% | |
| Gas Utility | $0— | $0— | $0— | $0— | $0— | |
| NorthStar Clean Energy | $91M+37.9% | $66M+4.8% | $63M-4.5% | $66M-4.3% | $69M+64.3% | |
| Utilities Operating Expense by Business | ||||||
| Electric Utility | $1.19B+6.4% | $1.12B-9.1% | $1.23B+12.1% | $1.1B-0.1% | $1.1B+7.0% | |
| Gas Utility | $911M+62.4% | $561M+179% | $201M-37.6% | $322M-56.4% | $738M+66.2% | |
| Alternative-revenue programs by Business | ||||||
| Electric Utility | $1M-97.7% | $44M+2,100% | $2M0.0% | $2M0.0% | $2M-96.1% | |
| Gas Utility | $0-100% | $19M— | $0— | $0— | $0-100% | |
| Property, plant, and equipment, gross by Business | ||||||
| Electric Utility | $22.25B+1.7% | $21.87B+3.7% | $21.1B+1.6% | $20.76B+2.1% | $20.34B+1.0% | |
| Gas Utility | $14.37B+1.1% | $14.22B+2.4% | $13.89B+2.1% | $13.61B+1.5% | $13.41B+1.1% | |
| Maintenance and other operating expenses by Business | ||||||
| Electric Utility | $277M-18.5% | $340M+19.3% | $285M+8.0% | $264M+2.7% | $257M-9.8% | |
| Gas Utility | $139M+1.5% | $137M+33.0% | $103M-8.0% | $112M-3.4% | $116M+17.2% | |
| NorthStar Clean Energy | $30M+11.1% | $27M+8.0% | $25M+38.9% | $18M-40.0% | $30M+7.1% | |
| Cost of gas sold by Business | ||||||
| Electric Utility | $0— | $0— | $0— | $0— | $0— | |
| Gas Utility | $514M+99.2% | $258M+545% | $40M-67.5% | $123M-67.8% | $382M+101% | |
| D&A by Business | ||||||
| Electric Utility | $233M+5.4% | $221M-7.5% | $239M+7.7% | $222M+0.5% | $221M+3.3% | |
| Gas Utility | $167M+56.1% | $107M+206% | $35M-35.2% | $54M-64.9% | $154M+55.6% | |
| NorthStar Clean Energy | $12M-7.7% | $13M-7.1% | $14M+16.7% | $12M-7.7% | $13M0.0% | |
| Financing income by Business | ||||||
| Electric Utility | $2M-33.3% | $3M+50.0% | $2M0.0% | $2M-33.3% | $3M+50.0% | |
| Gas Utility | $2M+100% | $1M0.0% | $1M-50.0% | $2M0.0% | $2M— | |
| Utilities Operating Expense Depreciation And Amortization by Business | ||||||
| Electric Utility | $233M+5.4% | $221M-7.5% | $239M+7.7% | $222M+0.5% | $221M+3.3% | |
| Gas Utility | $167M+56.1% | $107M+206% | $35M-35.2% | $54M-64.9% | $154M+55.6% | |
| Revenue recognized from contracts with customers by Product | ||||||
| Commercial | $723M+23.8% | $584M-6.1% | $622M+10.5% | $563M-14.3% | $657M+25.4% | |
| Industrial | $235M+16.3% | $202M-3.8% | $210M+0.5% | $209M+3.0% | $203M+10.3% | |
| Other | $96M-12.7% | $110M+15.8% | $95M+30.1% | $73M-53.2% | $156M-1.3% | |
| Residential | $1.55B+33.8% | $1.16B+18.3% | $981M+9.6% | $895M-32.5% | $1.33B+36.6% | |
| Cost of goods and services sold by Product | ||||||
| Cost of gas sold | $516M+98.5% | $260M+519% | $42M-66.1% | $124M-67.6% | $383M+101% | |
| Purchased and interchange power | $451M+20.6% | $374M-27.1% | $513M+16.9% | $439M+15.5% | $380M+23.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does CMS Energy break its business down?
- CMS Energy (CMS) reports segment reporting, other segment item, amount by business across 3 parts — Electric Utility, Gas Utility and NorthStar Clean Energy. Each is extracted from the segment footnotes and tracked over time.
- Where does CMS Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in CMS Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
