CMS ENERGY CORP
For the period ended Dec 31, 2025. Filed Feb 10, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 10, 2026
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
| In Millions | |||
|---|---|---|---|
| Years Ended December 31 | 2025 | 2024 | 2023 |
| Total Equity at Beginning of Period | $11,431 | $10,800 | $10,155 |
| Common Stock | |||
| At beginning and end of period | 841 | 841 | 841 |
| Other Paid-in Capital | |||
| At beginning of period | 8,174 | 7,759 | 7,284 |
| Stockholder contribution | 920 | 735 | 475 |
| Return of stockholder contribution | — | (320) | — |
| At end of period | 9,094 | 8,174 | 7,759 |
| Accumulated Other Comprehensive Loss | |||
| Retirement benefits liability | |||
| At beginning of period | (11) | (15) | (15) |
| Net gain (loss) arising during the period | (2) | 3 | (1) |
| Amortization of net actuarial loss | — | 1 | 1 |
| At end of period | (13) | (11) | (15) |
| Retained Earnings | |||
| At beginning of period | 2,390 | 2,178 | 2,008 |
| Net income | 1,129 | 1,009 | 867 |
| Dividends declared on common stock | (898) | (795) | (695) |
| Dividends declared on preferred stock | (2) | (2) | (2) |
| At end of period | 2,619 | 2,390 | 2,178 |
| Cumulative Preferred Stock | |||
| At beginning and end of period | 37 | 37 | 37 |
| Total Equity at End of Period | $12,578 | $11,431 | $10,800 |
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