# CMS Energy Corp: financial statements, quarterly

CMS · NYSE · CIK 811156 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cms.md) · [Financials](/companies/cms/financials.md) · [Filings](/companies/cms/filings.md) · [Insiders](/companies/cms/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/cms/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,639](/filings/0000811156-24-000114.md) | [1,860 d](/filings/0000811156-26-000004.md) | [2,144](/filings/0000811156-25-000047.md) | [1,576](/filings/0000811156-25-000071.md) | [1,711](/filings/0000811156-25-000077.md) | [1,889 d](/filings/0000811156-26-000004.md) | [2,398](/filings/0000811156-26-000024.md) | [1,798](/filings/0000811156-26-000028.md) | [1,975](/filings/0000811156-25-000077.md) | [2,134 d](/filings/0000811156-26-000004.md) | [2,675](/filings/0000811156-26-000024.md) | [1,808](/filings/0000811156-26-000028.md) |
| Operating income | $m | [271](/filings/0000811156-24-000114.md) | [406 d](/filings/0000811156-26-000004.md) | [412](/filings/0000811156-25-000047.md) | [283](/filings/0000811156-25-000071.md) | [367](/filings/0000811156-25-000077.md) | [425 d](/filings/0000811156-26-000004.md) | [494](/filings/0000811156-26-000024.md) | [317](/filings/0000811156-26-000028.md) | [481](/filings/0000811156-25-000077.md) | [435 d](/filings/0000811156-26-000004.md) | [490](/filings/0000811156-26-000024.md) | [264](/filings/0000811156-26-000028.md) |
| Interest expense | $m | [164](/filings/0000811156-23-000072.md) | [172 d](/filings/0000811156-24-000044.md) | [177](/filings/0000811156-24-000084.md) | [173](/filings/0000811156-25-000071.md) | [178](/filings/0000811156-25-000077.md) | [180 d](/filings/0000811156-26-000004.md) | [186](/filings/0000811156-26-000024.md) | [199](/filings/0000811156-26-000028.md) | [203](/filings/0000811156-25-000077.md) | [201 d](/filings/0000811156-26-000004.md) | [203](/filings/0000811156-26-000024.md) | [210](/filings/0000811156-26-000028.md) |
| Income tax | $m | [11.0](/filings/0000811156-24-000114.md) | [66.0 d](/filings/0000811156-26-000004.md) | [58.0](/filings/0000811156-25-000047.md) | [41.0](/filings/0000811156-25-000071.md) | [26.0](/filings/0000811156-25-000077.md) | [51.0 d](/filings/0000811156-26-000004.md) | [63.0](/filings/0000811156-26-000024.md) | [62.0](/filings/0000811156-26-000028.md) | [68.0](/filings/0000811156-25-000077.md) | [53.0 d](/filings/0000811156-26-000004.md) | [85.0](/filings/0000811156-26-000024.md) | [33.0](/filings/0000811156-26-000028.md) |
| Net income | $m | [176](/filings/0000811156-24-000114.md) | [309 d](/filings/0000811156-26-000004.md) | [287](/filings/0000811156-25-000047.md) | [198](/filings/0000811156-25-000071.md) | [253](/filings/0000811156-25-000077.md) | [265 d](/filings/0000811156-26-000004.md) | [304](/filings/0000811156-26-000024.md) | [201](/filings/0000811156-26-000028.md) | [277](/filings/0000811156-25-000077.md) | [289 d](/filings/0000811156-26-000004.md) | [340](/filings/0000811156-26-000024.md) | [120](/filings/0000811156-26-000028.md) |
| Diluted EPS | $ per share | [0.60](/filings/0000811156-24-000114.md) | not reported | [0.96](/filings/0000811156-25-000047.md) | [0.65](/filings/0000811156-25-000071.md) | [0.84](/filings/0000811156-25-000077.md) | not reported | [1.01](/filings/0000811156-26-000024.md) | [0.66](/filings/0000811156-26-000028.md) | [0.92](/filings/0000811156-25-000077.md) | not reported | [1.10](/filings/0000811156-26-000024.md) | [0.37](/filings/0000811156-26-000028.md) |
| Basic EPS | $ per share | [0.60](/filings/0000811156-24-000114.md) | not reported | [0.96](/filings/0000811156-25-000047.md) | [0.65](/filings/0000811156-25-000071.md) | [0.84](/filings/0000811156-25-000077.md) | not reported | [1.01](/filings/0000811156-26-000024.md) | [0.67](/filings/0000811156-26-000028.md) | [0.92](/filings/0000811156-25-000077.md) | not reported | [1.10](/filings/0000811156-26-000024.md) | [0.38](/filings/0000811156-26-000028.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [0.2](/filings/0000811156-23-000072.md) | [0.2](/filings/0000811156-25-000036.md) | [0.8](/filings/0000811156-24-000084.md) | [0.7](/filings/0000811156-24-000110.md) | [0.4](/filings/0000811156-24-000114.md) | [0.1](/filings/0000811156-26-000004.md) | [0.5](/filings/0000811156-25-000047.md) | [0.8](/filings/0000811156-25-000071.md) | [0.4](/filings/0000811156-25-000077.md) | [0.5](/filings/0000811156-26-000028.md) | [0.2](/filings/0000811156-26-000024.md) | [0.2](/filings/0000811156-26-000028.md) |
| Current assets | $bn | [2.4](/filings/0000811156-23-000072.md) | [2.8](/filings/0000811156-25-000036.md) | [3.1](/filings/0000811156-24-000084.md) | [3.0](/filings/0000811156-24-000110.md) | [2.7](/filings/0000811156-24-000114.md) | [2.8](/filings/0000811156-26-000004.md) | [2.8](/filings/0000811156-25-000047.md) | [3.2](/filings/0000811156-25-000071.md) | [2.7](/filings/0000811156-25-000077.md) | [3.5](/filings/0000811156-26-000028.md) | [3.0](/filings/0000811156-26-000024.md) | [2.9](/filings/0000811156-26-000028.md) |
| Total assets | $bn | [32.5](/filings/0000811156-23-000072.md) | [33.5](/filings/0000811156-25-000036.md) | [33.9](/filings/0000811156-25-000047.md) | [34.4](/filings/0000811156-25-000071.md) | [34.8](/filings/0000811156-25-000077.md) | [35.9](/filings/0000811156-26-000004.md) | [36.3](/filings/0000811156-26-000024.md) | [37.7](/filings/0000811156-26-000028.md) | [38.0](/filings/0000811156-25-000077.md) | [39.9](/filings/0000811156-26-000028.md) | [40.3](/filings/0000811156-26-000024.md) | [40.9](/filings/0000811156-26-000028.md) |
| Current liabilities | $bn | [2.7](/filings/0000811156-23-000072.md) | [2.9](/filings/0000811156-25-000036.md) | [2.3](/filings/0000811156-24-000084.md) | [2.5](/filings/0000811156-24-000110.md) | [2.2](/filings/0000811156-24-000114.md) | [3.5](/filings/0000811156-26-000004.md) | [2.6](/filings/0000811156-25-000047.md) | [3.2](/filings/0000811156-25-000071.md) | [3.1](/filings/0000811156-25-000077.md) | [3.5](/filings/0000811156-26-000028.md) | [3.6](/filings/0000811156-26-000024.md) | [3.1](/filings/0000811156-26-000028.md) |
| Long-term debt | $bn | [14.1](/filings/0000811156-23-000072.md) | [14.5](/filings/0000811156-25-000036.md) | [15.0](/filings/0000811156-24-000084.md) | [14.9](/filings/0000811156-24-000110.md) | [15.5](/filings/0000811156-24-000114.md) | [15.2](/filings/0000811156-26-000004.md) | [16.1](/filings/0000811156-25-000047.md) | [16.8](/filings/0000811156-25-000071.md) | [16.8](/filings/0000811156-25-000077.md) | [17.8](/filings/0000811156-26-000028.md) | [17.5](/filings/0000811156-26-000024.md) | [18.2](/filings/0000811156-26-000028.md) |
| Current portion of debt | $bn | [1.0](/filings/0000811156-23-000072.md) | [1.0](/filings/0000811156-25-000036.md) | [0.8](/filings/0000811156-24-000084.md) | [0.8](/filings/0000811156-24-000110.md) | [0.5](/filings/0000811156-24-000114.md) | [1.2](/filings/0000811156-26-000004.md) | [0.7](/filings/0000811156-25-000047.md) | [1.1](/filings/0000811156-25-000071.md) | [1.2](/filings/0000811156-25-000077.md) | [1.0](/filings/0000811156-26-000028.md) | [1.4](/filings/0000811156-26-000024.md) | [0.9](/filings/0000811156-26-000028.md) |
| Shareholders' equity | $bn | [7.2](/filings/0000811156-23-000072.md) | [7.5](/filings/0000811156-25-000036.md) | [7.9](/filings/0000811156-24-000084.md) | [8.0](/filings/0000811156-24-000110.md) | [8.1](/filings/0000811156-24-000114.md) | [8.2](/filings/0000811156-26-000004.md) | [8.3](/filings/0000811156-25-000047.md) | [8.4](/filings/0000811156-25-000071.md) | [8.9](/filings/0000811156-25-000077.md) | [9.1](/filings/0000811156-26-000028.md) | [9.5](/filings/0000811156-26-000024.md) | [9.8](/filings/0000811156-26-000028.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [199 d](/filings/0000811156-24-000114.md) | [405 d](/filings/0000811156-26-000004.md) | [956](/filings/0000811156-25-000047.md) | [707 d](/filings/0000811156-25-000071.md) | [304 d](/filings/0000811156-25-000077.md) | [403 d](/filings/0000811156-26-000004.md) | [1,000](/filings/0000811156-26-000024.md) | [414 d](/filings/0000811156-26-000028.md) | [343 d](/filings/0000811156-25-000077.md) | [478 d](/filings/0000811156-26-000004.md) | [705](/filings/0000811156-26-000024.md) | [622 d](/filings/0000811156-26-000028.md) |
| Capital expenditure | $m | not reported | not reported | [613](/filings/0000811156-25-000047.md) | [681 d](/filings/0000811156-25-000071.md) | [806 d](/filings/0000811156-25-000077.md) | not reported | [888](/filings/0000811156-26-000024.md) | [884 d](/filings/0000811156-26-000028.md) | [978 d](/filings/0000811156-25-000077.md) | not reported | [1,039](/filings/0000811156-26-000024.md) | [967 d](/filings/0000811156-26-000028.md) |
| Dividends paid | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: not reported

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [290](/filings/0000811156-23-000072.md) | [291](/filings/0000811156-24-000084.md) | [291](/filings/0000811156-24-000110.md) | [291](/filings/0000811156-24-000114.md) | [297](/filings/0000811156-25-000047.md) | [299](/filings/0000811156-25-000071.md) | [299](/filings/0000811156-25-000077.md) | [299](/filings/0000811156-26-000024.md) | [299](/filings/0000811156-26-000028.md) | [300](/filings/0000811156-25-000077.md) | [307](/filings/0000811156-26-000024.md) | [311](/filings/0000811156-26-000028.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 313,577,136 at 2026-07-13, from the cover of the [10-Q filed 2026-07-28](/filings/0000811156-26-000028.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:25 ET. No prices; not investment advice.