CMS Energy Corp (CMS.PC) revenue by segment
CMS.PCNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS, CMSA, CMSC, CMSD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/304% below fair value
$15.77+0.06 (+0.38%)
Close on Oct 30, 2026Market cap $4.90BP/E 4.7Yield 13.76%
CMS Energy Corp revenue by segment
By business segment
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $1.34B | $1.37B | $1.30B | $1.68B | $1.36B | $1.30B | $1.26B | $1.45B | $1.23B | $1.13B | $1.18B | $1.35B | 73.2% | -1.5% |
| Gas Utility | $388.00M | $1.24B | $823.00M | $234.00M | $387.00M | $1.05B | $653.00M | $213.00M | $307.00M | $965.00M | $700.00M | $244.00M | 21.2% | +0.3% |
| NorthStar Clean Energy | $103.00M | $118.00M | $109.00M | $108.00M | $92.00M | $99.00M | $81.00M | $82.00M | $74.00M | $79.00M | $75.00M | $78.00M | 5.6% | +12.0% |
| Operating income | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $199.00M | $179.00M | $184.00M | $450.00M | $263.00M | $202.00M | $230.00M | $347.00M | $244.00M | $161.00M | – | – | -24.3% |
| Gas Utility | $72.00M | $333.00M | $262.00M | $33.00M | $65.00M | $311.00M | $209.00M | $31.00M | $43.00M | $251.00M | – | – | +10.8% |
| NorthStar Clean Energy | -$1.00M | -$20.00M | -$4.00M | $1.00M | -$8.00M | -$17.00M | -$5.00M | -$7.00M | -$1.00M | $3.00M | – | – | -87.5% |
By product or service
By region
From the segment and revenue-disaggregation notes of CMS Energy's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.