CMS ENERGY CORP

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

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.

Jun 30, 2025 · Filed Jul 31, 2025

CMS$69.78+0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income (Unaudited)

In Millions
	Three Months Ended		Six Months Ended
June 30	2025	2024	2025	2024
Operating Revenue	$1,746	$1,533	$4,094	$3,630
Operating Expenses
Fuel for electric generation	113	91	306	216
Purchased and interchange power	394	337	729	643
Purchased power – related parties	30	16	48	34
Cost of gas sold	123	66	505	416
Maintenance and other operating expenses	376	377	749	755
Depreciation and amortization	276	261	651	617
General taxes	106	99	265	251
Total operating expenses	1,418	1,247	3,253	2,932
Operating Income	328	286	841	698
Other Income (Expense)
Non-operating retirement benefits, net	45	38	84	79
Other income	19	26	29	43
Other expense	(4)	(5)	(7)	(7)
Total other income	60	59	106	115
Interest Charges
Interest on long-term debt	131	120	253	241
Interest expense – related parties	10	7	20	13
Other interest expense	3	3	3	5
Allowance for borrowed funds used during construction	(3)	(4)	(5)	(4)
Total interest charges	141	126	271	255
Income Before Income Taxes	247	219	676	558
Income Tax Expense	59	41	142	105
Net Income	188	178	534	453
Preferred Stock Dividends	1	1	1	1
Net Income Available to Common Stockholder	$187	$177	$533	$452

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.