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% | $1M-20.0% | $1M-33.3% | $1M+33.3% | |
| Gas Utility | $1M0.0% | $1M0.0% | $1M+300% | $1M+100% | $1M+33.3% | |
| NorthStar Clean Energy | -$125M-191% | -$71M-22.4% | -$34M+49.3% | -$35M+56.8% | -$43M+48.8% | |
| Income from Continuing Ops by Business | ||||||
| Electric Utility | $706M-0.4% | $720M+5.6% | $759M+11.8% | $706M+29.9% | $709M+39.0% | |
| Gas Utility | $417M+11.8% | $410M+24.6% | $372M+35.8% | $383M+12.0% | $373M-8.1% | |
| NorthStar Clean Energy | $5M— | $0— | —— | —— | —— | |
| Total other income by Business | ||||||
| Electric Utility | $140M+17.6% | $124M-1.6% | $118M-14.3% | $119M-12.2% | $119M-10.0% | |
| Gas Utility | $87M+4.8% | $83M-3.5% | $80M-10.4% | $83M-0.6% | $83M+4.1% | |
| NorthStar Clean Energy | $23M+156% | $17M+21.4% | $10M-28.6% | $9M-35.7% | $9M-40.0% | |
| Operating Income (Loss) by Business | ||||||
| Electric Utility | $1.08B+5.2% | $1.1B+11.9% | $1.15B+21.2% | $1.04B+31.7% | $1.02B+38.2% | |
| Gas Utility | $693M+16.7% | $671M+25.7% | $618M+37.5% | $616M+13.4% | $594M-4.9% | |
| NorthStar Clean Energy | -$31M-3.3% | -$28M-180% | -$29M-197% | -$37M-393% | -$30M-167% | |
| Revenue recognized from contracts with customers by Business | ||||||
| Electric Utility | $5.71B+9.2% | $5.64B+11.4% | $5.59B+12.3% | $5.36B+9.8% | $5.23B+9.2% | |
| Gas Utility | $2.69B+21.0% | $2.49B+16.6% | $2.32B+6.3% | $2.3B+3.9% | $2.22B-1.9% | |
| NorthStar Clean Energy | $427M+27.1% | $408M+29.1% | $380M+22.6% | $354M+15.7% | $336M+11.3% | |
| Net Income (Loss) Available to Common Stockholders, Basic by Business | ||||||
| Electric Utility | $705M-0.4% | $719M+5.6% | $758M+10.5% | $705M+17.5% | $708M+22.7% | |
| Gas Utility | $416M+11.8% | $409M+24.7% | $371M+12.8% | $382M+18.6% | $372M+12.7% | |
| NorthStar Clean Energy | $130M+829% | $71M+12.7% | $25M-73.4% | $20M-80.8% | $14M-84.6% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Electric Utility | $862M+5.5% | $870M+11.0% | $918M+19.3% | $826M+32.4% | $817M+41.5% | |
| Gas Utility | $566M+16.7% | $548M+28.0% | $497M+39.8% | $502M+11.1% | $485M-9.4% | |
| Income Tax by Business | ||||||
| Electric Utility | $156M+44.4% | $150M+47.1% | $159M+75.2% | $120M+49.1% | $108M+60.6% | |
| Gas Utility | $149M+33.0% | $138M+39.4% | $125M+53.4% | $119M+8.2% | $112M-13.5% | |
| Plant, property, and equipment, gross by Business | ||||||
| Electric Utility | $85.98B+7.7% | $84.07B+6.6% | $82.33B+5.6% | $81.06B+5.3% | $79.86B+5.0% | |
| Gas Utility | $56.09B+7.5% | $55.13B+7.6% | $54.18B+7.6% | $53.13B+7.4% | $52.16B+7.2% | |
| NorthStar Clean Energy | $6.45B+8.5% | $6.28B+7.2% | $6.14B+6.3% | $6.04B+10.1% | $5.94B+14.8% | |
| Total Assets by Business | ||||||
| Electric Utility | $90.26B+9.9% | $87.71B+8.2% | $85.67B+7.5% | $83.97B+7.2% | $82.16B+6.6% | |
| Gas Utility | $55.45B+7.2% | $54.49B+6.8% | $53.55B+6.9% | $52.64B+6.9% | $51.72B+7.0% | |
| NorthStar Clean Energy | $9.57B+32.2% | $8.81B+28.0% | $8.2B+24.5% | $7.69B+19.1% | $7.24B+14.4% | |
| General taxes by Business | ||||||
| Electric Utility | $303M+7.1% | $297M+5.7% | $294M+5.4% | $288M+7.1% | $283M+6.4% | |
| Gas Utility | $206M+6.7% | $201M+6.9% | $198M+12.5% | $195M-2.5% | $193M-9.4% | |
| NorthStar Clean Energy | $14M+16.7% | $14M+16.7% | $11M-12.0% | $12M+9.1% | $12M+14.3% | |
| Costs and Expenses by Business | ||||||
| Electric Utility | $4.63B+10.1% | $4.54B+11.3% | $4.45B+9.9% | $4.32B+9.6% | $4.21B+6.4% | |
| Gas Utility | $2B+22.5% | $1.82B+13.6% | $1.71B+3.9% | $1.69B-13.0% | $1.63B-24.5% | |
| NorthStar Clean Energy | $458M+25.1% | $436M+33.7% | $409M+28.2% | $391M+26.5% | $366M+16.9% | |
| Total interest charges by Business | ||||||
| Electric Utility | $354M+8.9% | $353M+9.0% | $345M+10.1% | $335M+10.7% | $325M+10.3% | |
| Gas Utility | $214M+11.5% | $206M+7.3% | $201M+9.7% | $197M+12.9% | $192M+13.8% | |
| NorthStar Clean Energy | -$5M-267% | -$7M-275% | -$1M-129% | $2M0.0% | $3M+20.0% | |
| Power supply cost by Business | ||||||
| Electric Utility | $2.25B+14.4% | $2.19B+17.5% | $2.17B+15.9% | $2.06B+13.4% | $1.96B+7.3% | |
| Gas Utility | $0— | $0— | $0— | $0— | $0— | |
| NorthStar Clean Energy | $286M+49.7% | $264M+64.0% | $240M+48.6% | $222M+39.6% | $191M+14.7% | |
| Utilities Operating Expense by Business | ||||||
| Electric Utility | $4.63B+10.1% | $4.54B+11.3% | $4.45B+9.9% | $4.32B+9.6% | $4.21B+6.4% | |
| Gas Utility | $2B+22.5% | $1.82B+13.6% | $1.71B+3.9% | $1.69B-13.0% | $1.63B-24.5% | |
| Alternative-revenue programs by Business | ||||||
| Electric Utility | $49M-14.0% | $50M-10.7% | $57M+32.6% | $56M+30.2% | $57M+14.0% | |
| Gas Utility | $19M0.0% | $19M0.0% | $19M-5.0% | $19M-5.0% | $19M-5.0% | |
| Property, plant, and equipment, gross by Business | ||||||
| Electric Utility | $85.98B+7.7% | $84.07B+6.6% | $82.33B+5.6% | $81.06B+5.3% | $79.86B+5.0% | |
| Gas Utility | $56.09B+7.5% | $55.13B+7.6% | $54.18B+7.6% | $53.13B+7.4% | $52.16B+7.2% | |
| Maintenance and other operating expenses by Business | ||||||
| Electric Utility | $1.17B+7.5% | $1.15B+7.5% | $1.09B+3.9% | $1.09B+5.0% | $1.09B+3.9% | |
| Gas Utility | $491M+14.2% | $468M+3.1% | $430M-10.9% | $426M-16.7% | $430M-17.8% | |
| NorthStar Clean Energy | $100M-8.3% | $100M-1.0% | $101M+6.3% | $103M+14.4% | $109M+23.9% | |
| Cost of gas sold by Business | ||||||
| Electric Utility | $0— | $0— | $0— | $0— | $0— | |
| Gas Utility | $935M+39.8% | $803M+26.1% | $735M+9.5% | $726M-16.0% | $669M-34.6% | |
| D&A by Business | ||||||
| Electric Utility | $915M+4.8% | $903M+4.4% | $896M+5.4% | $886M+8.0% | $873M+7.7% | |
| Gas Utility | $363M+8.0% | $350M+7.7% | $342M+10.1% | $339M-6.6% | $336M-15.3% | |
| NorthStar Clean Energy | $51M0.0% | $52M+6.1% | $52M+11.2% | $50M+9.9% | $51M+17.9% | |
| Financing income by Business | ||||||
| Electric Utility | $9M-18.2% | $10M0.0% | $9M-18.2% | $11M+22.2% | $11M+10.0% | |
| Gas Utility | $6M+20.0% | $6M+20.0% | $5M-16.7% | $5M-16.7% | $5M0.0% | |
| Utilities Operating Expense Depreciation And Amortization by Business | ||||||
| Electric Utility | $915M+4.8% | $903M+4.4% | $896M+5.4% | $886M+8.0% | $873M+7.7% | |
| Gas Utility | $363M+8.0% | $350M+7.7% | $342M+10.1% | $339M-6.6% | $336M-15.3% | |
| Revenue recognized from contracts with customers by Product | ||||||
| Commercial | $2.49B+13.1% | $2.43B+14.8% | $2.37B+13.0% | $2.27B+10.8% | $2.2B+9.5% | |
| Industrial | $856M+15.2% | $824M+14.4% | $806M+12.4% | $770M+6.5% | $743M+4.9% | |
| Other | $374M-29.3% | $434M-17.8% | $482M-5.7% | $508M+1.8% | $529M+4.5% | |
| Residential | $4.59B+18.2% | $4.36B+16.4% | $4.17B+10.8% | $4.02B+7.2% | $3.88B+3.8% | |
| Cost of goods and services sold by Product | ||||||
| Cost of gas sold | $942M+40.2% | $809M+26.4% | $740M+9.1% | $730M+6.1% | $672M-4.8% | |
| Purchased and interchange power | $1.78B+27.0% | $1.71B+28.0% | $1.64B+22.4% | $1.49B+9.9% | $1.4B+3.8% |
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.
