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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CMS Energy Consolidated Financial Statements (Unaudited)Consolidated Statements of Income (Unaudited)
Consolidated Statements of Income (Unaudited)
| In Millions, Except Per Share Amounts | ||||
|---|---|---|---|---|
| Three Months Ended | Nine Months Ended | |||
| September 30 | 2025 | 2024 | 2025 | 2024 |
| Operating Revenue | $2,021 | $1,743 | $6,306 | $5,526 |
| Operating Expenses | ||||
| Fuel for electric generation | 153 | 179 | 504 | 449 |
| Purchased and interchange power | 513 | 362 | 1,332 | 1,025 |
| Purchased power – related parties | 21 | 19 | 69 | 53 |
| Cost of gas sold | 42 | 32 | 549 | 449 |
| Maintenance and other operating expenses | 416 | 412 | 1,218 | 1,218 |
| Depreciation and amortization | 288 | 273 | 964 | 914 |
| General taxes | 107 | 99 | 378 | 356 |
| Total operating expenses | 1,540 | 1,376 | 5,014 | 4,464 |
| Operating Income | 481 | 367 | 1,292 | 1,062 |
| Other Income (Expense) | ||||
| Non-operating retirement benefits, net | 48 | 42 | 137 | 127 |
| Other income | 19 | 46 | 128 | 167 |
| Other expense | (5) | (4) | (16) | (11) |
| Total other income | 62 | 84 | 249 | 283 |
| Interest Charges | ||||
| Interest on long-term debt | 204 | 176 | 590 | 519 |
| Interest expense – related parties | 2 | 3 | 8 | 9 |
| Other interest expense | — | 4 | (1) | 11 |
| Allowance for borrowed funds used during construction | (3) | (5) | (9) | (11) |
| Total interest charges | 203 | 178 | 588 | 528 |
| Income Before Income Taxes | 340 | 273 | 953 | 817 |
| Income Tax Expense | 68 | 26 | 193 | 125 |
| Net Income | 272 | 247 | 760 | 692 |
| Loss Attributable to Noncontrolling Interests | (5) | (6) | (22) | (46) |
| Net Income Attributable to CMS Energy | 277 | 253 | 782 | 738 |
| Preferred Stock Dividends | 2 | 2 | 7 | 7 |
| Net Income Available to Common Stockholders | $275 | $251 | $775 | $731 |
| Basic Earnings Per Average Common Share | $0.92 | $0.84 | $2.59 | $2.45 |
| Diluted Earnings Per Average Common Share | $0.92 | $0.84 | $2.59 | $2.45 |
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