CMS ENERGY CORP
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 2025
CMS$69.55+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity (Unaudited)
| In Millions, Except Per Share Amounts | ||||
|---|---|---|---|---|
| Three Months Ended | Nine Months Ended | |||
| September 30 | 2025 | 2024 | 2025 | 2024 |
| Total Equity at Beginning of Period | $8,971 | $8,541 | $8,748 | $8,125 |
| Common Stock | ||||
| At beginning and end of period | 3 | 3 | 3 | 3 |
| Other Paid-in Capital | ||||
| At beginning of period | 5,998 | 5,991 | 6,009 | 5,705 |
| Common stock issued | 358 | 10 | 393 | 307 |
| Common stock repurchased | (1) | — | (13) | (11) |
| Adjustment for sale of membership interests in VIEs | — | — | (34) | — |
| At end of period | 6,355 | 6,001 | 6,355 | 6,001 |
| Accumulated Other Comprehensive Loss | ||||
| Retirement benefits liability | ||||
| At beginning of period | (41) | (45) | (41) | (46) |
| Amortization of net actuarial loss | 1 | — | 1 | 1 |
| Amortization of prior service credit | (1) | — | (1) | — |
| At end of period | (41) | (45) | (41) | (45) |
| Retained Earnings | ||||
| At beginning of period | 2,210 | 1,830 | 2,035 | 1,658 |
| Net income attributable to CMS Energy | 277 | 253 | 782 | 738 |
| Dividends declared on common stock | (162) | (153) | (487) | (461) |
| Dividends declared on preferred stock | (2) | (2) | (7) | (7) |
| At end of period | 2,323 | 1,928 | 2,323 | 1,928 |
| Cumulative Redeemable Perpetual Preferred Stock, Series C | ||||
| At beginning and end of period | 224 | 224 | 224 | 224 |
| Noncontrolling Interests | ||||
| At beginning of period | 577 | 538 | 518 | 581 |
| Sale of membership interests in VIEs | — | — | 78 | — |
| Loss attributable to noncontrolling interests | (5) | (6) | (22) | (46) |
| Other changes in noncontrolling interests | (5) | (2) | (7) | (5) |
| At end of period | 567 | 530 | 567 | 530 |
| Total Equity at End of Period | $9,431 | $8,641 | $9,431 | $8,641 |
| Dividends declared per common share | $0.5425 | $0.5150 | $1.6275 | $1.5450 |
| Dividends declared per preferred stock Series C depositary share | $0.2625 | $0.2625 | $0.7875 | $0.7875 |
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