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CMS Energy Corp (CMS) KPIs and segments

CMSNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS.PC, CMSA, CMSC, CMSD
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 7/3014% above fair value
$70.38+1.16 (+1.68%)

Close on Nov 13, 2026Market cap $22.04BP/E 25.1Yield 3.08%

KPIs & segments

Operating metrics and segments that drive CMS Energy's business · fiscal year ends December 31

CMS Energy KPIs at a glance: 65 operating metrics, including Total Electric Deliveries Including ROA & Intersystem, Weather-Normalized Customer Electric Deliveries and Consumers Electric Utility, drawn from 89 source documents, alongside revenue by segment, product and region from SEC filings. Each figure links to the document it came from. All metrics shows the full sheet; Core narrows it to segments and headline KPIs. The segment tables also offer a trailing-twelve-month view.

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Segments, headline KPIs and every operating metric from filings, earnings releases and presentations.

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Q3 2026
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Electric Utility($M)1
1,7741,3381,3681,3011,6791,3591,2991,2551,4481,2261,1321,175
Utility Revenue($M)
1,7691,675
Gas Utility($M)1
2643881,2448232343871,049653213307965700
Utility Revenue($M)
263233
NorthStar Clean Energy($M)1
14510311810910892998182747975
Other($M)
1388968776758575356505247
Utility Revenue($M)
2,0321,908
Other($M)
1388968776758575356505247
Electric Utility($M)
332322324223
Gas Utility($M)
122112201221
Electric Utility($M)
505199179184450263202230347244161
Gas Utility($M)
557233326233653112093143251
NorthStar Clean Energy($M)
-510-1-20-41-8-17-5-7-13
Electric Utility($M)
464159139121392210147169300201114
Gas Utility($M)
2037300227237282176720225
NorthStar Clean Energy($M)
-531-2-15116-5-16-3-618
Electric Utility($M)
24,30923,92623,42722,76021,91721,94220,87520,71020,22220,12219,75919,358
Gas Utility($M)
14,73814,19313,98914,18813,72013,38813,02513,24712,80912,46912,30512,353
NorthStar Clean Energy($M)
2,4152,6892,7422,4962,2292,1051,9771,8931,7111,6591,6151,604
Total Electric Deliveries Including ROA & Intersystem8
12,123.009,799.0010,497.0010,799.0011,308.0010,329.0010,967.0011,155.0012,250.0010,400.0010,694.0010,310.00
End-Use Customer Electric Deliveries (Sales + ROA, Excl. Intersystem — 10-K/10-Q MD&A)
10,700.008,900.009,100.009,000.0010,400.008,900.009,000.008,800.0010,100.009,000.008,900.008,800.00
Customer Electric Deliveries Subtotal (Bundled + ROA, Excl. Intersystem)
10,714.008,878.009,136.009,020.0010,427.008,948.009,027.008,752.0010,134.008,937.008,957.008,762.00
Residential Electric Deliveries
3,772.002,862.003,220.003,042.003,731.002,963.003,205.002,907.003,609.002,933.003,046.002,940.00
Commercial Electric Deliveries
3,365.002,848.002,844.002,767.003,388.002,817.002,911.002,733.003,281.002,920.002,832.002,755.00
Industrial Electric Deliveries
2,570.002,236.002,219.002,295.002,282.002,237.002,041.002,129.002,162.002,096.002,156.002,078.00
Other Retail Electric Deliveries (Street Lighting & Municipal)
28.0025.0034.0037.0031.0025.0035.0038.0030.0027.0039.0040.00
Retail Open Access (ROA / Customer Choice) Electric Deliveries
979.00907.00819.00879.00995.00906.00834.00881.00981.00902.00819.00880.00
Intersystem Electric Deliveries
1,409.00921.001,361.001,779.00881.001,381.001,940.002,403.002,116.001,463.001,737.001,548.00
Weather-Normalized Customer Electric Deliveries (Including ROA)5
10,348.008,934.009,133.008,941.0010,100.008,801.009,036.008,809.009,988.008,769.009,210.008,838.00
Weather-Normalized Residential Electric Deliveries (Incl. ROA)
3,565.002,899.003,201.002,985.003,547.002,817.003,215.002,964.003,533.002,834.003,240.003,012.00
Weather-Normalized Commercial Electric Deliveries (Incl. ROA)
3,497.003,108.003,097.002,977.003,536.003,050.003,141.002,965.003,493.003,092.003,103.002,986.00
Weather-Normalized Industrial Electric Deliveries (Incl. ROA)
3,257.002,903.002,800.002,942.002,986.002,909.002,644.002,778.002,861.002,757.002,763.002,732.00
Weather-Normalized Other Electric Deliveries (Incl. ROA)
29.0024.0035.0037.0031.0025.0035.0038.0030.0027.0039.0039.00
Weather-Normalized Electric Deliveries (Bundled Tariff + ROA Breakdown)5
10,348.008,934.009,133.008,941.0010,100.008,801.009,036.008,809.009,988.008,769.009,210.008,838.00
Consumers Electric Utility — Disaggregated Operating Revenue (Statistical Digest)($M)8
1,7741,3381,3681,3011,6791,3591,2991,2551,4481,2261,1321,176
Bundled Tariff Electric Sales Revenue Subtotal($M)
1,7181,2951,3231,2221,6341,3021,1951,1161,3751,1641,0491,071
Residential Electric Operating Revenue (Digest)($M)
915629663606842619594539707547525529
Commercial Electric Operating Revenue (Digest)($M)
568467447421577473418395486433360367
Industrial Electric Operating Revenue (Digest)($M)
223188202186203199173171169174156165
Other Retail Electric Operating Revenue (Digest)($M)
1211119121110111310810
Retail Open Access (ROA) Distribution Revenue($M)
13121313141212131211910
Intersystem Electric Revenue($M)
261819112033775841325640
Miscellaneous Electric Operating Revenue($M)
171313551112156215141350
Consumers Electric Utility — Revenue from Contracts with Customers (ASC 606 Footnote)($M)5
1,7691,3331,3651,2541,6751,3551,2941,2021,4431,2211,1291,134
Weather Impact on Electric Deliveries vs. Normal1
Service Territory Temperature Variance vs. Normal(%)
0.6%0.3%-1.6%-4.5%0.2%1.5%7.2%1.1%5.4%20.3%7.5%
Total Natural Gas System Deliveries Including Off-System Transportation9
53,545.0064,382.00155,668.00120,502.0052,037.0069,625.00153,713.00104,838.0053,738.0064,616.00138,577.00106,834.00
End-Use Customer Natural Gas Deliveries Incl. Customer Transportation (10-K/10-Q MD&A)
30.0046.00135.0098.0030.0049.00135.0082.0028.0041.00117.0084.00
End-Use Customer Gas Deliveries Subtotal (Sales + Customer Transportation)
29,847.0046,334.00134,693.0097,488.0029,841.0049,081.00134,561.0082,466.0028,224.0040,985.00116,884.0084,263.00
Residential Natural Gas Deliveries
9,473.0020,289.0073,553.0052,663.008,680.0022,022.0072,597.0044,544.008,716.0017,418.0064,130.0045,149.00
Commercial Natural Gas Deliveries
3,822.008,422.0028,781.0017,999.003,399.008,554.0028,150.0014,421.003,224.007,442.0023,912.0015,107.00
Industrial Natural Gas Deliveries
724.00846.003,846.001,969.00635.00970.003,994.001,670.00510.001,023.003,102.001,882.00
Other Retail Natural Gas Deliveries
8.0024.0054.0029.003.0012.0048.0022.006.0010.0042.0029.00
End-Use Customer Transportation Gas Deliveries
15,820.0016,753.0028,459.0024,828.0017,124.0017,523.0029,772.0021,809.0015,768.0015,092.0025,698.0022,096.00
Off-System Transportation — Midland Cogeneration Venture (MCV)
17,581.0015,320.0016,781.0017,917.0017,453.0015,974.0015,848.0017,585.0018,891.0018,897.0018,909.0018,477.00
Off-System Transportation — Other Pipelines & Utilities
6,117.002,728.004,194.005,097.004,743.004,570.003,304.004,787.006,623.004,734.002,784.004,094.00
Weather-Normalized Customer Gas Deliveries (Including Customer Transportation)5
29,617.0047,987.00134,578.0092,537.0030,671.0049,094.00135,498.0093,182.0028,646.0045,501.00134,785.0094,566.00
Weather-Normalized Residential Gas Deliveries (Incl. Transportation)
9,352.0021,497.0074,134.0050,466.009,222.0021,900.0073,923.0052,381.009,085.0021,096.0076,707.0051,860.00
Weather-Normalized Commercial Gas Deliveries (Incl. Transportation)
7,494.0014,095.0038,956.0023,333.007,368.0013,524.0038,827.0023,694.006,946.0013,231.0038,543.0024,464.00
Weather-Normalized Industrial Gas Deliveries (Incl. Transportation)
12,762.0012,370.0021,431.0018,707.0013,313.0013,653.0022,699.0017,077.0012,571.0011,157.0019,481.0018,206.00
Weather-Normalized Other Gas Deliveries (Incl. Transportation)
9.0025.0057.0031.00768.0017.0049.0030.0044.0017.0054.0036.00
Weather-Normalized Gas Deliveries (Tariff Sales + Customer Transportation Breakdown)5
29,617.0047,987.00134,578.0092,537.0030,671.0049,094.00135,498.0093,182.0028,646.0045,501.00134,785.0094,566.00
Consumers Gas Utility — Disaggregated Operating Revenue (Statistical Digest)($M)5
2643881,2448232343871,049653213307965700
Tariff Gas Sales Revenue Subtotal (Excl. Transportation & Misc.)($M)
2203681,1987351913761,000573172279896611
Residential Natural Gas Operating Revenue (Digest)($M)
170279890555139276731430128206665459
Commercial Natural Gas Operating Revenue (Digest)($M)
438127516445902391294064207136
Industrial Natural Gas Operating Revenue (Digest)($M)
7733166103013582416
Gas Transportation Operating Revenue (Digest)($M)
232746402426413425264338
Consumers Gas Utility — Revenue from Contracts with Customers (ASC 606 Footnote)($M)5
2633861,2428032333851,047634212305963679
Underground Natural Gas Storage Total Capacity (15 Storage Fields)1
Gas Stored Underground Inventory Balance($M)
551414257427566402247435536419326587
NorthStar Clean Energy — Total Independent Power Plants Gross Capacity1
NorthStar Clean Energy — Power Sales Agreement Lease Income($M)
01450324134422826242728
CMS Energy Consolidated — Capital Expenditures & PP&E Additions($M)2
9399671,039978884888806681613
Consumers Energy Utility — Capital Expenditures & PP&E Additions($M)
851844960870750769771644584
Capital Expenditures Incurred But Not Yet Paid (Period-End Accrual)($M)
72-116017649222315130128103156-3
CMS Energy Consolidated — Total Debt Including Securitization Bonds($M)5
20,20719,30119,07818,89818,07318,04516,96616,56616,16715,76815,80615,643
Consolidated Debt Excluding Securitization Bonds($M)
19,72818,77618,53818,31317,47317,40216,30815,86615,45114,99615,01914,856
Consumers Energy Utility Debt Excluding Securitization Bonds($M)
14,32413,43212,70412,60412,60512,60411,46711,53110,78510,37610,52410,113
Consumers Energy Securitization Bonds($M)
479525540585600643658700716772787787
CMS Energy Parent Company Debt($M)
4,9054,9045,2025,2014,4624,4614,6434,1434,4744,4734,4724,721
NorthStar Clean Energy Project & Subsidiary Debt($M)
4994406325084063371981921921472322
Consumers Energy — Revolving Credit Facility Available Borrowing Capacity($M)10
1,4001,3001,4001,4001,2001,3001,300
CMS Energy Parent — Revolving Credit Facility Available Capacity($M)
736715715715515512513
NorthStar Clean Energy — Revolving Credit Facility Available Capacity($M)
741631975629075
Consolidated Unrestricted Cash & Equivalents (Statistical Digest)($M)
451241175509362844465103412699802227
Consumers Energy Unrestricted Cash & Equivalents($M)
257130925242599614434960760735
CMS Energy Parent Unrestricted Cash & Equivalents($M)
14533674295816632341553156149
Consumers Energy — Credit Facility Covenant Debt-to-Capital Ratio (Max 0.65x)(×)
0.510.500.500.510.510.520.500.500.51
CMS Energy Parent — Credit Facility Covenant Debt-to-Capital Ratio (Max 0.70x)(×)
0.560.550.550.560.550.560.540.580.57
NorthStar Clean Energy — Covenant Debt-to-Capital Ratio(×)
0.130.070.060.140.130.110.090.150.16
NorthStar Clean Energy — Covenant Debt Service Coverage Ratio(×)
8.805.505.705.003.403.403.605.508.70
NorthStar Clean Energy — Covenant Pledged Equity Coverage Ratio(×)
3.102.102.002.102.102.002.802.602.60
Consumers Energy — Noncurrent Regulatory Assets($M)2
3,3813,2743,2983,3553,5453,5703,5433,5693,5603,5853,6083,683
Consumers Energy — Current Regulatory Assets($M)
59819410484132173229180183201203
Regulatory Asset — Manufactured Gas Plant (MGP) Environmental Remediation($M)
1137880828586889093959799
Consumers Energy — Noncurrent Regulatory Liabilities($M)2
4,1494,1524,1544,0914,1044,1644,1734,0674,0754,0803,9683,894
Consumers Energy — Current Regulatory Liabilities($M)
959687858993991111201207256
Accrued Customer Rate Refunds (PSCR & GCR Overrecoveries)($M)
000289423853502854
Consumers Energy — Total Net Utility Property, Plant & Equipment (Incl. CWIP & Finance Leases)($M)5
30,86030,10029,39828,63227,78127,05926,24725,89025,27524,53123,97823,772
Consumers Energy — Gross Utility Plant in Service (Excl. CWIP)($M)
38,38137,17536,65636,12035,02134,40633,78233,43432,69532,22431,82031,723
Electric Utility — Gross Plant in Service (Excl. CWIP)($M)
23,38322,59522,25321,87121,09520,76120,34020,13719,82619,55719,31719,302
Gas Utility — Gross Plant in Service (Excl. CWIP)($M)
14,97514,54814,37114,21813,89013,60913,41213,26812,84012,63812,47512,383
Consumers Energy — Construction Work in Progress (CWIP)($M)
2,8483,1022,8202,3542,5322,2531,9901,7661,6451,232942845
Consumers Energy — Accumulated Depreciation & Amortization($M)
10,36910,17710,0789,8429,7729,6009,5259,3109,0658,9258,7848,796
Consumers Energy Standalone — Total Operating Revenue($M)3
2,0381,7262,6122,1251,9131,7462,3481,9091,6611,5332,0971,875
Consumers Energy — Revenue from Contracts with Customers($M)
2,0321,7192,6072,0571,9081,7402,3411,8361,6551,5262,0921,813
Consumers Energy — Alternative Revenue Programs($M)
221632227013158
Consumers Energy — Financing Income($M)
454434525444
Consumers Energy Standalone — Total Operating Expenses($M)7
1,4781,4552,1001,6801,4301,4181,8351,4701,2831,2471,6851,457
Consumers Energy — Operation & Maintenance (O&M) Expense($M)
362429416477388376373384381377378372
Consumers Energy — Purchased Power Expense (Third Parties)($M)
551434419345490394335296346337306307
Consumers Energy — Purchased Power Expense (Related Parties)($M)
161420252130181819161818
Consumers Energy — Fuel for Electric Generation Expense($M)
1106916111611311319314515091125121
Consumers Energy — Cost of Gas Sold($M)
43102514258401233821903166350227
Consumers Energy — Depreciation & Amortization Expense($M)
288293400329274276375313261261356298
Consumers Energy — Property & Other Operating Taxes($M)
1081141701301041061591249599152114
Consumers Energy Standalone — Operating Income($M)5
560271512445483328513439378286412418
Consumers Energy — Net Income Available to Common Stockholder (CMS Energy)($M)
391157346280314187346282273177275289
Consumers Energy — Total Net Income($M)
391158346281314188346283273178275290
Consumers Energy — Income Before Income Taxes($M)
483196439348393247429344307219339344
Consumers Energy — Income Tax Expense($M)
923893677959836134416454
Consumers Energy — Interest on Long-Term Debt($M)
150139133133135131122124123120121109
Consumers Energy Standalone — Total Assets($M)10
39,20438,26637,56237,09135,78035,46734,02934,08833,16032,71832,20931,852
Consumers Energy — Total Current Assets($M)
2,6972,6242,5972,8252,5722,8832,3102,6742,5872,8422,8422,594
Consumers Energy — Cash & Cash Equivalents($M)
257130925242599614434960760735
Consumers Energy — Accrued Unbilled Revenues($M)
437429520659381464489584391446472494
Consumers Energy — Electric Generating Fuel Inventory($M)
406045312825213051777580
Consumers Energy — Materials & Supplies Inventory($M)
333336329316299296302291286269263257
Consumers Energy — Total Current Liabilities($M)
2,3662,4793,1503,3342,3172,5312,2092,5922,0742,4352,2142,563
Consumers Energy — Total Noncurrent Liabilities($M)
23,18222,29921,39621,17921,13921,23820,16420,06520,10419,39019,18518,489
Consumers Energy — Total Stockholder's Equity($M)
13,65613,48813,01612,57812,32411,69811,65611,43110,98210,89310,81010,800
Consumers Energy — Common Stockholder's Equity($M)
13,61913,45112,97912,54112,28711,66111,61911,39410,94510,85610,77310,763
Consumers Energy — Retained Earnings($M)
2,8412,6742,6572,6192,5882,5072,4652,3902,3592,2712,1882,178
Consumers Energy Standalone — Operating Cash Flow($M)6
4315047364642954481,031432323712979464
Consumers Energy — Investing Cash Flow($M)
-936-896-993-966-937-832-800-878-818-569-607-609
Consumers Energy — Financing Cash Flow($M)
615530223302273943-229162202-113238167
Consumers Energy — Common Stock Dividends Paid to CMS Energy Parent($M)
22414130825023314627125218595265235
Consumers Energy — Equity Capital Contributions from CMS Energy Parent($M)
04554002255450150415003200
Consumers Energy — Retirement of Long-Term Debt($M)
4513144154315426730715015
Consumers Energy — Statutory Dividend Capacity Without Regulatory Approval($M)
2,7002,6002,6002,5002,5002,4002,4002,3002,3002,2002,1002,100
Non-GAAP Adjusted Diluted EPS — Consolidated($)6
1.440.371.130.950.930.711.020.870.840.660.971.05
Non-GAAP Adjusted Diluted EPS — Electric Utility($)
1.280.450.390.351.090.590.420.470.910.570.340.50
Non-GAAP Adjusted Diluted EPS — Gas Utility($)
0.040.080.720.560.010.100.710.440.040.060.570.46
Non-GAAP Adjusted Diluted EPS — NorthStar Clean Energy($)
0.430.050.130.180.040.07-0.050.030.020.050.100.14
Non-GAAP Adjusted Diluted EPS — Corporate, Interest & Other($)
-0.31-0.21-0.11-0.14-0.21-0.05-0.06-0.07-0.13-0.02-0.04-0.05
Common Book Value Per Share (End of Period)($)
30.3030.4529.9229.1128.3927.2927.1126.7926.4026.0425.8624.86
End-of-Period Common Shares Outstanding (Statistical Digest)(M)
314314309306304299299299299299299294
Consolidated Operating Revenue($M)7
2,1831,8292,7302,2332,0211,8382,4471,9891,7431,6072,1761,950
Consolidated Operating Expenses($M)
2,1361,5652,2401,7981,5401,5211,9531,5641,3761,3241,7641,544
Consolidated Fuel for Electric Generation($M)
150104220153153134217175179114156152
Consolidated Power Supply & Gas Costs($M)
762573691552687603615501560479488
Consolidated Operation & Maintenance Expense($M)
395464448509416397405420412404402403
Consolidated Depreciation & Amortization($M)
298308412342288288388326273273368310
Consolidated Property & Other General Taxes($M)
11111817313510710916212699102155117
Consolidated Operating Income($M)
47264490435481317494425367283412406
Consolidated GAAP Net Income Available to Common Stockholders($M)12
121117338286275198302262251195285306
Consolidated Interest on Long-Term Debt($M)
225210203201203199186180178173177172
Consolidated Other Income / (Deductions), Net($M)
54757561621375061841138683
Consolidated Income Before Income Taxes($M)
-113129362295340255358306273223321317
Consolidated Income Tax Expense / (Benefit)($M)
-223385536862635126415866
Consolidated Profit / (Loss) Before Noncontrolling Interests($M)
-9196277242272193295255247182263251
Net Loss Attributable to Noncontrolling Interests (Tax Equity Partnerships)($M)
-214-24-63-47-5-8-9-10-6-16-24-58
Preferred Stock Dividends($M)
232323232323
Consolidated GAAP Basic EPS($)
0.390.381.100.920.671.010.840.650.96
Consolidated GAAP Diluted EPS($)
0.390.371.100.920.661.010.840.650.96
Common Dividends Declared Per Share($)
0.570.570.570.540.540.540.540.520.520.520.520.49
Weighted-Average Basic Shares Outstanding(M)
313310306300299298298298297
Weighted-Average Diluted Shares Outstanding(M)
313311307300299299299299297
Consolidated Total Assets($M)15
41,68340,90540,28539,94138,00837,69936,29535,92034,81734,35533,90133,517
Consolidated Operating Cash Flow($M)7
4716227054783434141,000403304707956405

10 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Core rows come from the segment and revenue-disaggregation notes of 10-K and 10-Q filings (XBRL), linked to each filing. Fourth-quarter figures are the fiscal year less the first nine months (shown in italic).
  • Entity & Co-Registrant Structure: CMS Energy Corporation (NYSE: CMS, CIK 0000811156) is a Jackson, Michigan-based energy holding company operating three reportable segments: (1) Electric Utility and (2) Gas Utility — operated through wholly owned regulated subsidiary and SEC co-registrant Consumers Energy Company (CIK 0000201533), serving ~1.9 million electric and ~1.8 million natural gas customers across Michigan's Lower Peninsula — and (3) NorthStar Clean Energy (formerly Enterprises), operating 2,085 MW gross (1,511 MW net ownership share in FY2025) of non-utility independent power plants and renewable energy projects.
  • Electric Deliveries Reconciliation: In CMS Energy's Quarterly Operating Statistical Digest, Total Electric Deliveries (43,403 GWh in FY2025; 12,123 GWh in Q3 2026) equals Customer Electric Deliveries (37,422 GWh in FY2025; 10,714 GWh in Q3 2026 — matching Form 10-K/10-Q MD&A End-Use Deliveries of 37.4 billion kWh and 10.7 billion kWh) plus Intersystem wholesale deliveries (5,981 GWh in FY2025; 1,409 GWh in Q3 2026). Customer Electric Deliveries comprises bundled tariff sales across Residential (12,941 GWh), Commercial (11,883 GWh), Industrial (8,855 GWh), Other (128 GWh), and Wholesale (1 GWh) plus Retail Open Access (ROA / Customer Choice) distribution deliveries (3,614 GWh in FY2025; 979 GWh in Q3 2026).
  • Natural Gas Deliveries Reconciliation: Total Natural Gas System Deliveries in the Statistical Digest (395,877 MMcf or 396 Bcf in FY2025; 53,545 MMcf in Q3 2026) equals End-Use Customer Gas Deliveries (310,971 MMcf or 311 Bcf in FY2025; 29,847 MMcf or 30 Bcf in Q3 2026 — matching Form 10-K/10-Q MD&A) plus Off-System Transportation to the Midland Cogeneration Venture (MCV, 67,192 MMcf in FY2025; 17,581 MMcf in Q3 2026) and other pipelines (17,714 MMcf in FY2025; 6,117 MMcf in Q3 2026).
  • Permitted Cumulative Period Splits: Where CMS Energy reports year-to-date figures (6M, 9M, or full-year 10-K) for MD&A electric and gas end-use deliveries, XBRL cash flows, and multi-quarter footnote totals, single-quarter values for Q2, Q3, and Q4 are derived strictly via quarter = year-to-date − previous year-to-date and Q4 = full year (10-K) − nine months (10-Q).
  • Sustainability & Federal Regulatory Cadence: CMS Energy's 2026 Sustainability Report & GRI Index report SAIDI (162 minutes excluding MEDs in FY2025 vs. 228 minutes in FY2021) and GRI EU30 plant availability through FY2025, while the EEI/AGA/SASB Sustainability Data Book reports granular environmental, customer, and workforce series for FY2022–FY2024. Monthly Form EIA-861M (Utility ID 4254) and Form EIA-923 plant generation series extend through August 2026.

Not shown because recent periods are missing (10)

  • Consolidated GAAP Basic EPS — 4 non-reported Q4 ratio/weighted-average cells omitted per non-derivation policy
  • Consolidated GAAP Diluted EPS — 4 non-reported Q4 ratio/weighted-average cells omitted per non-derivation policy
  • Weighted-Average Basic Shares Outstanding — 6 non-reported Q4 ratio/weighted-average cells omitted per non-derivation policy
  • Weighted-Average Diluted Shares Outstanding — 16 non-reported Q4 ratio/weighted-average cells omitted per non-derivation policy
  • Retired D.E. Karn Units 1 & 2 Coal Steam Capacity (515 MW, retired June 2023) — historical-only capacity (FY2018–FY2022)
  • Expired Palisades Nuclear Power Plant PPA (811 MW / ~6,800 GWh/year, expired May 2022) — historical-only PPA supply (FY2018–FY2022)
  • Divested EnerBank USA Segment (sold October 1, 2021) — discontinued banking operations
  • Newly Commissioned Muskegon Solar (250 MW, commercial operation late 2025) & Utility-Scale Battery PPA (85 MW, 2025) — single-year Form 10-K series (FY2025 only; Muskegon monthly generation is included via Form EIA-923)
  • Form EIA-923 Rogers Hydroelectric Dam (Plant ID 1740) — zero net generation rows during extended spillway rehabilitation
  • Consolidated − Standalone Parent Subtraction — not performed because CMS Energy Corporation is a holding company without standalone operating revenue, and co-registrant Consumers Energy Company (~93% of consolidated assets) plus NorthStar Clean Energy are reported directly at the subsidiary and segment level

Data updated 2026-11-11.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Consumers Electric Utility — Electric Deliveries (GWh), Weather-Normalized Sales, Disaggregated Revenue & Weather (Key #1)

Consumers Gas Utility — Natural Gas Deliveries (MMcf / Bcf), Weather-Normalized Sales, Storage & Pipelines (Key #2)

Consumers Electric Utility — Generation Capacity (MW), Supply Mix (GWh), Plant Availability (GRI EU30) & Grid Reliability (Key #3)

NorthStar Clean Energy — Non-Utility IPP & Renewables Capacity (MW), Generation (GWh) & Segment Operations

Capital Expenditures by Segment, 5-Year Rolling Capital Plan ($M), Contractual Obligations & Liquidity

Regulatory Economics — Regulatory Assets & Liabilities, Utility Plant by Function, Depreciation & AROs

Consumers Energy Company (CIK 0000201533) — Co-Registrant Standalone Financial Statements

Sustainability (EEI/AGA/SASB), Energy Waste Reduction (EWR), Emissions, Workforce, Safety & Executive Scorecard

External & Industry Benchmarks — Form EIA-861M (Monthly Utility Data), Form EIA-923 (Plant Generation), EIA MER & FRED Macro

Consolidated Financial Statements & Non-GAAP Adjusted EPS (Reference)

Latest source documents

The documents cited most often for CMS Energy's most recent figures

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