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AverageCMS Energy was formed as a corporation in Michigan in 1987 and is an energy company operating primarily in Michigan. It is the parent holding company of several subsidiaries, including Consumers, an electric and gas utility, and NorthStar Clean Energy, primarily a domestic independent power producer and marketer. Consumers’ customer base consists of a mix of primarily residential, commercial, and diversified industrial customers.
In the company’s own words · 10-K filed Feb 10, 2026 · SEC EDGAR
Business segments
Q2 2026 · $1.37BThe company’s own SEC segment disclosure.
- Residential Utility Services$629.0M46%
- Commercial Utility Service$467.0M34%
- Industrial Utility Service$188.0M14%
- Other Utility Service$89.0M6%
CMS Energy (CMS) reported revenue of $1.83B in Q2 2026 (quarter ended Jun 30, 2026), down 0.5% from the same quarter a year earlier. That came with net income of $120M (6.6% of revenue). For the full year FY2025, revenue was $8.54B (+14% year on year) and net income $1.07B. Its largest product in Q2 2026 was Residential Utility Services at $629M, 46% of the disclosed total, ahead of Commercial Utility Service at 34%.
Raw charts
10 series · TTMAs reported to the SEC, without any scoring.
Utilities - Regulated Electric
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