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Midas Edge

CMS ENERGY CORP

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

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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.

Sep 30, 2025 · Filed Oct 30, 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

Item 1. Financial Statements

Index to Financial Statements

Management’s Discussion and Analysis of Financial Condition and Results of Operations16
CMS Energy Consolidated Financial Statements (Unaudited)48
Consolidated Statements of Income (Unaudited)48
Consolidated Statements of Comprehensive Income (Unaudited)49
Consolidated Statements of Cash Flows (Unaudited)51
Consolidated Balance Sheets (Unaudited)52
Consolidated Statements of Changes in Equity (Unaudited)54
Consumers Consolidated Financial Statements (Unaudited)55
Consolidated Statements of Income (Unaudited)55
Consolidated Statements of Comprehensive Income (Unaudited)56
Consolidated Statements of Cash Flows (Unaudited)57
Consolidated Balance Sheets (Unaudited)58
Consolidated Statements of Changes in Equity (Unaudited)60
Notes to the Unaudited Consolidated Financial Statements61
1:Regulatory Matters61
2:Contingencies and Commitments63
3:Financings and Capitalization67
4:Fair Value Measurements70
5:Financial Instruments73
6:Retirement Benefits74
7:Income Taxes75
8:Earnings Per Share—CMS Energy76
9:Revenue78
10:Reportable Segments83
11:Variable Interest Entities91
12:Exit Activities and Asset Sales94
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.