CMS Energy Corporation Overview
Industry: Utilities Regulated Electric
Sector: Utilities
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan. CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This seg Read MoreMavefund brings filings, fundamentals, valuation, price history and news for CMS Energy Corporation into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $1.8B (-0% YoY); EPS was $0.37 (reported).
Revenue
$1.8B
-0% YoY
EPS
$0.37
reported
Net income/share
$0.37
reported
Operating income
$264M
-17% YoY
What changed
- Revenue -0% YoY to $1.8B; EPS reported to $0.37.
- Operating income -17% YoY to $264M.
- Net income -50% YoY to $96M.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
SEC filing
FORM 10-Q (CMS ENERGY AND CONSUMERS)
Jul 28, 2026
Earnings material
EXHIBIT 99.2
Jul 28, 2026
SEC filing
FORM 10-Q (CMS ENERGY AND CONSUMERS)
Apr 28, 2026
Earnings release
EXHIBIT 99.1
Apr 28, 2026
Earnings material
EXHIBIT 99.2
Apr 28, 2026
SEC filing
FORM 10-K (CMS ENERGY AND CONSUMERS)
Feb 10, 2026
Earnings release
EXHIBIT 99.1
Feb 05, 2026
SEC filing
FORM 10-Q (CMS ENERGY AND CONSUMERS)
Oct 30, 2025
Earnings release
EXHIBIT 99.1
Oct 30, 2025
Earnings material
EXHIBIT 99.2
Oct 30, 2025
SEC filing
FORM 10-Q (CMS ENERGY AND CONSUMERS)
Jul 31, 2025
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Something Is Rotten at CMS: Dr. Oz Demands FDA Approval - Then Defends a $500 Medicare Pathway for Unapproved Hemp Products
Headline from Morningstar: Something Is Rotten at CMS: Dr. Oz Demands FDA Approval - Then Defends a $500 Medicare Pathway for Unapproved Hemp Products.
TriSalus Life Sciences Inc (TLSI) (Q2 2026) Earnings Call Highlights: New CMS G-code Expands ...
Headline from Yahoo Finance: TriSalus Life Sciences Inc (TLSI) (Q2 2026) Earnings Call Highlights: New CMS G-code Expands .
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Headline from Yahoo Finance: CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock.
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Headline from PR Newswire: CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock.
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
Headline from PR Newswire: Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock.
ThinkAndor® Remote Patient Monitoring Now Available in Epic Toolbox, Enabling CMS ACCESS Participation
Headline from PR Newswire: ThinkAndor® Remote Patient Monitoring Now Available in Epic Toolbox, Enabling CMS ACCESS Participation.
Earnings Per Share
Score 4.00/5
CMS Energy Corporation boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Otter Tail Corporation
Sempra Energy
Genie Energy Ltd.
In
Utilities Regulated Electric industry
, Genie Energy Ltd.
, IDACORP INC
, Nextera Energy Inc
are companies with high ratings.
Return on Equity
Score 4.72/5
CMS Energy Corporation stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Otter Tail Corporation
Sempra Energy
Genie Energy Ltd.
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Net Margin
Score 3.67/5
CMS Energy Corporation
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Otter Tail Corporation
Sempra Energy
Genie Energy Ltd.
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Leverage
Score 1.56/5
CMS Energy Corporation
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Otter Tail Corporation
Sempra Energy
Genie Energy Ltd.
have achieved high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Verified SEC statements load when this section enters view.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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