CMS Energy CMS Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Electric Utility | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Gas Utility | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| NorthStar Clean Energy | -$125M-76.1% | -$71M-109% | -$34M+2.9% | -$35M+18.6% | -$43M+25.9% | |
| Income from Continuing Ops by Business | ||||||
| Electric Utility | $706M-1.9% | $720M-5.1% | $759M+7.5% | $706M-0.4% | $709M+4.0% | |
| Gas Utility | $417M+1.7% | $410M+10.2% | $372M-2.9% | $383M+2.7% | $373M+13.4% | |
| NorthStar Clean Energy | $5M— | $0— | —— | —— | —— | |
| Total other income by Business | ||||||
| Electric Utility | $140M+12.9% | $124M+5.1% | $118M-0.8% | $119M0.0% | $119M-5.6% | |
| Gas Utility | $87M+4.8% | $83M+3.8% | $80M-3.6% | $83M0.0% | $83M-3.5% | |
| NorthStar Clean Energy | $23M+35.3% | $17M+70.0% | $10M+11.1% | $9M0.0% | $9M-35.7% | |
| Operating Income (Loss) by Business | ||||||
| Electric Utility | $1.08B-2.1% | $1.1B-4.0% | $1.15B+9.9% | $1.04B+1.9% | $1.02B+4.2% | |
| Gas Utility | $693M+3.3% | $671M+8.6% | $618M+0.3% | $616M+3.7% | $594M+11.2% | |
| NorthStar Clean Energy | -$31M-10.7% | -$28M+3.4% | -$29M+21.6% | -$37M-23.3% | -$30M-200% | |
| Revenue recognized from contracts with customers by Business | ||||||
| Electric Utility | $5.71B+1.2% | $5.64B+0.8% | $5.59B+4.3% | $5.36B+2.5% | $5.23B+3.3% | |
| Gas Utility | $2.69B+7.8% | $2.49B+7.3% | $2.32B+0.9% | $2.3B+3.6% | $2.22B+3.9% | |
| NorthStar Clean Energy | $427M+4.7% | $408M+7.4% | $380M+7.3% | $354M+5.4% | $336M+6.3% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Electric Utility | $705M-1.9% | $719M-5.1% | $758M+7.5% | $705M-0.4% | $708M+4.0% | |
| Gas Utility | $416M+1.7% | $409M+10.2% | $371M-2.9% | $382M+2.7% | $372M+13.4% | |
| NorthStar Clean Energy | $130M+83.1% | $71M+184% | $25M+25.0% | $20M+42.9% | $14M-77.8% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Electric Utility | $862M-0.9% | $870M-5.2% | $918M+11.1% | $826M+1.1% | $817M+4.2% | |
| Gas Utility | $566M+3.3% | $548M+10.3% | $497M-1.0% | $502M+3.5% | $485M+13.3% | |
| Income Tax by Business | ||||||
| Electric Utility | $156M+4.0% | $150M-5.7% | $159M+32.5% | $120M+11.1% | $108M+5.9% | |
| Gas Utility | $149M+8.0% | $138M+10.4% | $125M+5.0% | $119M+6.3% | $112M+13.1% | |
| Plant, property, and equipment, gross by Business | ||||||
| Electric Utility | $85.98B+2.3% | $84.07B+2.1% | $82.33B+1.6% | $81.06B+1.5% | $79.86B+1.3% | |
| Gas Utility | $56.09B+1.7% | $55.13B+1.8% | $54.18B+2.0% | $53.13B+1.9% | $52.16B+1.8% | |
| NorthStar Clean Energy | $6.45B+2.7% | $6.28B+2.3% | $6.14B+1.6% | $6.04B+1.6% | $5.94B+1.4% | |
| Total Assets by Business | ||||||
| Electric Utility | $90.26B+2.9% | $87.71B+2.4% | $85.67B+2.0% | $83.97B+2.2% | $82.16B+1.4% | |
| Gas Utility | $55.45B+1.8% | $54.49B+1.8% | $53.55B+1.7% | $52.64B+1.8% | $51.72B+1.4% | |
| NorthStar Clean Energy | $9.57B+8.7% | $8.81B+7.4% | $8.2B+6.7% | $7.69B+6.2% | $7.24B+5.3% | |
| General taxes by Business | ||||||
| Electric Utility | $303M+2.0% | $297M+1.0% | $294M+2.1% | $288M+1.8% | $283M+0.7% | |
| Gas Utility | $206M+2.5% | $201M+1.5% | $198M+1.5% | $195M+1.0% | $193M+2.7% | |
| NorthStar Clean Energy | $14M0.0% | $14M+27.3% | $11M-8.3% | $12M0.0% | $12M0.0% | |
| Costs and Expenses by Business | ||||||
| Electric Utility | $4.63B+2.0% | $4.54B+2.1% | $4.45B+3.0% | $4.32B+2.7% | $4.21B+3.1% | |
| Gas Utility | $2B+9.5% | $1.82B+6.9% | $1.71B+1.1% | $1.69B+3.6% | $1.63B+1.5% | |
| NorthStar Clean Energy | $458M+5.0% | $436M+6.6% | $409M+4.6% | $391M+6.8% | $366M+12.3% | |
| Total interest charges by Business | ||||||
| Electric Utility | $354M+0.3% | $353M+2.3% | $345M+3.0% | $335M+3.1% | $325M+0.3% | |
| Gas Utility | $214M+3.9% | $206M+2.5% | $201M+2.0% | $197M+2.6% | $192M0.0% | |
| NorthStar Clean Energy | -$5M+28.6% | -$7M-600% | -$1M-150% | $2M-33.3% | $3M-25.0% | |
| Power supply cost by Business | ||||||
| Electric Utility | $2.25B+2.5% | $2.19B+1.2% | $2.17B+5.3% | $2.06B+4.7% | $1.96B+5.2% | |
| Gas Utility | $0— | $0— | $0— | $0— | $0— | |
| NorthStar Clean Energy | $286M+8.3% | $264M+10.0% | $240M+8.1% | $222M+16.2% | $191M+18.6% | |
| Utilities Operating Expense by Business | ||||||
| Electric Utility | $4.63B+2.0% | $4.54B+2.1% | $4.45B+3.0% | $4.32B+2.7% | $4.21B+3.1% | |
| Gas Utility | $2B+9.5% | $1.82B+6.9% | $1.71B+1.1% | $1.69B+3.6% | $1.63B+1.5% | |
| Alternative-revenue programs by Business | ||||||
| Electric Utility | $49M-2.0% | $50M-12.3% | $57M+1.8% | $56M-1.8% | $57M+1.8% | |
| Gas Utility | $19M0.0% | $19M0.0% | $19M0.0% | $19M0.0% | $19M0.0% | |
| Property, plant, and equipment, gross by Business | ||||||
| Electric Utility | $85.98B+2.3% | $84.07B+2.1% | $82.33B+1.6% | $81.06B+1.5% | $79.86B+1.3% | |
| Gas Utility | $56.09B+1.7% | $55.13B+1.8% | $54.18B+2.0% | $53.13B+1.9% | $52.16B+1.8% | |
| Maintenance and other operating expenses by Business | ||||||
| Electric Utility | $1.17B+1.7% | $1.15B+5.0% | $1.09B+0.3% | $1.09B+0.3% | $1.09B+1.8% | |
| Gas Utility | $491M+4.9% | $468M+8.8% | $430M+0.9% | $426M-0.9% | $430M-5.3% | |
| NorthStar Clean Energy | $100M0.0% | $100M-1.0% | $101M-1.9% | $103M-5.5% | $109M+7.9% | |
| Cost of gas sold by Business | ||||||
| Electric Utility | $0— | $0— | $0— | $0— | $0— | |
| Gas Utility | $935M+16.4% | $803M+9.3% | $735M+1.2% | $726M+8.5% | $669M+5.0% | |
| D&A by Business | ||||||
| Electric Utility | $915M+1.3% | $903M+0.8% | $896M+1.1% | $886M+1.5% | $873M+0.9% | |
| Gas Utility | $363M+3.7% | $350M+2.3% | $342M+0.9% | $339M+0.9% | $336M+3.4% | |
| NorthStar Clean Energy | $51M-1.9% | $52M0.0% | $52M+4.0% | $50M-2.0% | $51M+4.1% | |
| Financing income by Business | ||||||
| Electric Utility | $9M-10.0% | $10M+11.1% | $9M-18.2% | $11M0.0% | $11M+10.0% | |
| Gas Utility | $6M0.0% | $6M+20.0% | $5M0.0% | $5M0.0% | $5M0.0% | |
| Utilities Operating Expense Depreciation And Amortization by Business | ||||||
| Electric Utility | $915M+1.3% | $903M+0.8% | $896M+1.1% | $886M+1.5% | $873M+0.9% | |
| Gas Utility | $363M+3.7% | $350M+2.3% | $342M+0.9% | $339M+0.9% | $336M+3.4% | |
| Revenue recognized from contracts with customers by Product | ||||||
| Commercial | $2.49B+2.7% | $2.43B+2.5% | $2.37B+4.2% | $2.27B+3.0% | $2.2B+4.3% | |
| Industrial | $856M+3.9% | $824M+2.2% | $806M+4.7% | $770M+3.6% | $743M+3.2% | |
| Other | $374M-13.8% | $434M-10.0% | $482M-5.1% | $508M-4.0% | $529M+0.2% | |
| Residential | $4.59B+5.2% | $4.36B+4.6% | $4.17B+3.7% | $4.02B+3.7% | $3.88B+3.6% | |
| Cost of goods and services sold by Product | ||||||
| Cost of gas sold | $942M+16.4% | $809M+9.3% | $740M+1.4% | $730M+8.6% | $672M+5.0% | |
| Purchased and interchange power | $1.78B+4.2% | $1.71B+4.0% | $1.64B+10.1% | $1.49B+6.4% | $1.4B+5.0% |
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.
