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— | $1M0.0% | $0— | |
| Gas Utility | $0— | $1M0.0% | $0— | $0— | $0— | |
| NorthStar Clean Energy | -$63M-600% | -$48M-336% | -$5M+16.7% | -$9M+47.1% | -$9M+62.5% | |
| Income from Continuing Ops by Business | ||||||
| Electric Utility | $110M-11.3% | $102M-27.7% | $326M+19.4% | $168M-1.8% | $124M+27.8% | |
| Gas Utility | $220M+3.3% | $172M+28.4% | $0-100% | $25M+66.7% | $213M+26.0% | |
| NorthStar Clean Energy | -$22M+18.5% | $8M— | $6M— | $13M+1,400% | -$27M-486% | |
| Total other income by Business | ||||||
| Electric Utility | $43M+59.3% | $27M+28.6% | $34M-2.9% | $36M0.0% | $27M-20.6% | |
| Gas Utility | $23M+21.1% | $19M+18.8% | $22M-12.0% | $23M0.0% | $19M-13.6% | |
| NorthStar Clean Energy | $7M+600% | $10M+233% | $4M+33.3% | $2M0.0% | $1M-83.3% | |
| Operating Income (Loss) by Business | ||||||
| Electric Utility | $179M-11.4% | $184M-20.0% | $450M+29.7% | $263M+7.8% | $202M+25.5% | |
| Gas Utility | $333M+7.1% | $262M+25.4% | $33M+6.5% | $65M+51.2% | $311M+23.9% | |
| NorthStar Clean Energy | -$20M-17.6% | -$4M+20.0% | $1M+114% | -$8M-700% | -$17M-667% | |
| Revenue recognized from contracts with customers by Business | ||||||
| Electric Utility | $1.37B+5.3% | $1.3B+3.7% | $1.68B+16.0% | $1.36B+10.8% | $1.3B+14.8% | |
| Gas Utility | $1.24B+18.6% | $823M+26.0% | $234M+9.9% | $387M+26.1% | $1.05B+8.7% | |
| NorthStar Clean Energy | $118M+19.2% | $109M+34.6% | $108M+31.7% | $92M+24.3% | $99M+25.3% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Electric Utility | $110M-11.3% | $102M-27.7% | $326M+19.4% | $167M-1.8% | $124M+27.8% | |
| Gas Utility | $220M+3.3% | $171M+28.6% | $0-100% | $25M+66.7% | $213M+26.0% | |
| NorthStar Clean Energy | $41M+328% | $56M+460% | $11M+83.3% | $22M+37.5% | -$18M-158% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Electric Utility | $139M-5.4% | $121M-28.4% | $392M+30.7% | $210M+4.5% | $147M+28.9% | |
| Gas Utility | $300M+6.4% | $227M+29.0% | $2M-71.4% | $37M+85.0% | $282M+25.3% | |
| NorthStar Clean Energy | -$15M+6.3% | —— | $6M+200% | -$5M-600% | -$16M-300% | |
| Income Tax by Business | ||||||
| Electric Utility | $29M+26.1% | $19M-32.1% | $66M+144% | $42M+40.0% | $23M+35.3% | |
| Gas Utility | $80M+15.9% | $55M+31.0% | $2M+150% | $12M+140% | $69M+23.2% | |
| NorthStar Clean Energy | $7M-36.4% | —— | $0+100% | -$18M-1,000% | $11M+1,000% | |
| Plant, property, and equipment, gross by Business | ||||||
| Electric Utility | $22.25B+9.4% | $21.87B+8.6% | $21.1B+6.4% | $20.76B+6.2% | $20.34B+5.3% | |
| Gas Utility | $14.37B+7.2% | $14.22B+7.2% | $13.89B+8.2% | $13.61B+7.7% | $13.41B+7.5% | |
| NorthStar Clean Energy | $1.67B+11.2% | $1.65B+9.5% | $1.57B+6.7% | $1.56B+6.7% | $1.51B+5.7% | |
| Total Assets by Business | ||||||
| Electric Utility | $23.48B+12.2% | $22.81B+9.9% | $21.97B+8.3% | $22B+9.0% | $20.93B+5.6% | |
| Gas Utility | $14.03B+7.4% | $14.23B+7.1% | $13.76B+7.1% | $13.43B+7.3% | $13.07B+5.8% | |
| NorthStar Clean Energy | $2.74B+38.7% | $2.5B+31.9% | $2.23B+30.3% | $2.11B+26.9% | $1.98B+22.4% | |
| General taxes by Business | ||||||
| Electric Utility | $79M+8.2% | $70M+4.5% | $81M+8.0% | $73M+7.4% | $73M+2.8% | |
| Gas Utility | $91M+5.8% | $59M+5.4% | $23M+15.0% | $33M+6.5% | $86M+6.2% | |
| NorthStar Clean Energy | $3M0.0% | $5M+150% | $3M-25.0% | $3M0.0% | $3M0.0% | |
| Costs and Expenses by Business | ||||||
| Electric Utility | $1.19B+8.4% | $1.12B+9.0% | $1.23B+11.6% | $1.1B+11.6% | $1.1B+13.0% | |
| Gas Utility | $911M+23.4% | $561M+26.4% | $201M+10.4% | $322M+22.0% | $738M+3.4% | |
| NorthStar Clean Energy | $138M+19.0% | $113M+31.4% | $107M+20.2% | $100M+33.3% | $116M+52.6% | |
| Total interest charges by Business | ||||||
| Electric Utility | $83M+1.2% | $90M+9.8% | $92M+12.2% | $89M+12.7% | $82M+1.2% | |
| Gas Utility | $56M+16.7% | $54M+10.2% | $53M+8.2% | $51M+10.9% | $48M0.0% | |
| NorthStar Clean Energy | $2M— | -$5M-600% | -$1M-150% | -$1M— | $0-100% | |
| Power supply cost by Business | ||||||
| Electric Utility | $600M+9.9% | $486M+5.9% | $624M+21.2% | $537M+20.9% | $546M+21.6% | |
| Gas Utility | $0— | $0— | $0— | $0— | $0— | |
| NorthStar Clean Energy | $91M+31.9% | $66M+57.1% | $63M+40.0% | $66M+88.6% | $69M+76.9% | |
| Utilities Operating Expense by Business | ||||||
| Electric Utility | $1.19B+8.4% | $1.12B+9.0% | $1.23B+11.6% | $1.1B+11.6% | $1.1B+13.0% | |
| Gas Utility | $911M+23.4% | $561M+26.4% | $201M+10.4% | $322M+22.0% | $738M+3.4% | |
| Alternative-revenue programs by Business | ||||||
| Electric Utility | $1M-50.0% | $44M-13.7% | $2M+100% | $2M-33.3% | $2M+100% | |
| Gas Utility | $0— | $19M0.0% | $0— | $0— | $0— | |
| Property, plant, and equipment, gross by Business | ||||||
| Electric Utility | $22.25B+9.4% | $21.87B+8.6% | $21.1B+6.4% | $20.76B+6.2% | $20.34B+5.3% | |
| Gas Utility | $14.37B+7.2% | $14.22B+7.2% | $13.89B+8.2% | $13.61B+7.7% | $13.41B+7.5% | |
| Maintenance and other operating expenses by Business | ||||||
| Electric Utility | $277M+7.8% | $340M+19.3% | $285M+1.1% | $264M+1.1% | $257M+8.0% | |
| Gas Utility | $139M+19.8% | $137M+38.4% | $103M+4.0% | $112M-3.4% | $116M-17.1% | |
| NorthStar Clean Energy | $30M0.0% | $27M-3.6% | $25M-7.4% | $18M-25.0% | $30M+36.4% | |
| Cost of gas sold by Business | ||||||
| Electric Utility | $0— | $0— | $0— | $0— | $0— | |
| Gas Utility | $514M+34.6% | $258M+35.8% | $40M+29.0% | $123M+86.4% | $382M+9.1% | |
| D&A by Business | ||||||
| Electric Utility | $233M+5.4% | $221M+3.3% | $239M+4.4% | $222M+6.2% | $221M+3.8% | |
| Gas Utility | $167M+8.4% | $107M+8.1% | $35M+9.4% | $54M+5.9% | $154M+7.7% | |
| NorthStar Clean Energy | $12M-7.7% | $13M0.0% | $14M+16.7% | $12M-7.7% | $13M+18.2% | |
| Financing income by Business | ||||||
| Electric Utility | $2M-33.3% | $3M+50.0% | $2M-50.0% | $2M0.0% | $3M+50.0% | |
| Gas Utility | $2M0.0% | $1M— | $1M0.0% | $2M0.0% | $2M0.0% | |
| Utilities Operating Expense Depreciation And Amortization by Business | ||||||
| Electric Utility | $233M+5.4% | $221M+3.3% | $239M+4.4% | $222M+6.2% | $221M+3.8% | |
| Gas Utility | $167M+8.4% | $107M+8.1% | $35M+9.4% | $54M+5.9% | $154M+7.7% | |
| Revenue recognized from contracts with customers by Product | ||||||
| Commercial | $723M+10.0% | $584M+11.5% | $622M+18.3% | $563M+13.3% | $657M+15.9% | |
| Industrial | $235M+15.8% | $202M+9.8% | $210M+20.7% | $209M+14.8% | $203M+12.8% | |
| Other | $96M-38.5% | $110M-30.4% | $95M-21.5% | $73M-22.3% | $156M+0.6% | |
| Residential | $1.55B+17.2% | $1.16B+19.7% | $981M+17.6% | $895M+18.9% | $1.33B+11.3% | |
| Cost of goods and services sold by Product | ||||||
| Cost of gas sold | $516M+34.7% | $260M+36.1% | $42M+31.3% | $124M+87.9% | $383M+9.1% | |
| Purchased and interchange power | $451M+18.7% | $374M+21.4% | $513M+41.7% | $439M+25.8% | $380M+21.0% |
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.
