CMS ENERGY CORP

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 24, 2025

CMS$69.55+0.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Changes in Equity (Unaudited)

In Millions, Except Per Share Amounts
Three Months Ended March 31	2025	2024
Total Equity at Beginning of Period	$8,748	$8,125
Common Stock
At beginning and end of period	3	3
Other Paid-in Capital
At beginning of period	6,009	5,705
Common stock issued	12	281
Common stock repurchased	(12)	(11)
Adjustment for sale of membership interests in VIEs	(34)	—
At end of period	5,975	5,975
Accumulated Other Comprehensive Income (Loss)
Retirement benefits liability
At beginning of period	(41)	(46)
Amortization of net actuarial loss	—	1
At end of period	(41)	(45)
Retained Earnings
At beginning of period	2,035	1,658
Net income attributable to CMS Energy	304	287
Dividends declared on common stock	(163)	(154)
Dividends declared on preferred stock	(2)	(2)
At end of period	2,174	1,789
Cumulative Redeemable Perpetual Preferred Stock, Series C
At beginning and end of period	224	224
Noncontrolling Interests
At beginning of period	518	581
Sale of membership interests in VIEs	78	—
Loss attributable to noncontrolling interests	(9)	(24)
Other changes in noncontrolling interests	1	3
At end of period	588	560
Total Equity at End of Period	$8,923	$8,506
Dividends declared per common share	$0.5425	$0.5150
Dividends declared per preferred stock Series C depositary share	$0.2625	$0.2625

ContentsView on SEC.gov

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