CMS ENERGY CORP

For the period ended Jun 30, 2026. Filed Jul 28, 2026.

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, 2026 · Filed Jul 28, 2026

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

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

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Contents

Consolidated Balance Sheets (Unaudited)

ASSETS
In Millions
	June 302026	December 312025
Current Assets
Cash and cash equivalents	$130	$25
Restricted cash and cash equivalents	85	86
Accounts receivable and accrued revenue, less allowance of $32 in 2026 and $27 in 2025	962	1,210
Accounts and notes receivable – related parties	8	15
Inventories at average cost
Gas in underground storage	414	427
Materials and supplies	336	316
Generating plant fuel stock	60	31
Deferred property taxes	350	479
Regulatory assets	81	104
Prepayments and other current assets	198	132
Total current assets	2,624	2,825
Plant, Property, and Equipment
Plant, property, and equipment, gross	37,175	36,120
Less accumulated depreciation and amortization	10,177	9,842
Plant, property, and equipment, net	26,998	26,278
Construction work in progress	3,102	2,354
Total plant, property, and equipment	30,100	28,632
Other Non-current Assets
Regulatory assets	3,274	3,355
Accounts receivable	24	24
Accounts and notes receivable – related parties	87	88
Postretirement benefits	1,910	1,821
Other	247	346
Total other non-current assets	5,542	5,634
Total Assets	$38,266	$37,091

LIABILITIES AND EQUITY
In Millions
	June 302026	December 312025
Current Liabilities
Current portion of long-term debt and finance leases	$466	$579
Notes payable – related parties	—	340
Accounts payable	1,100	1,229
Accounts payable – related parties	12	14
Accrued rate refunds	—	28
Accrued interest	150	149
Accrued taxes	509	747
Regulatory liabilities	96	85
Other current liabilities	146	163
Total current liabilities	2,479	3,334
Non-current Liabilities
Long-term debt	12,308	11,524
Long-term debt – related parties	1,005	1,005
Non-current portion of finance leases	178	81
Regulatory liabilities	4,152	4,091
Postretirement benefits	68	70
AROs	763	753
Deferred investment tax credit	116	118
Deferred income taxes	3,321	3,201
Other non-current liabilities	388	336
Total non-current liabilities	22,299	21,179
Commitments and Contingencies (Notes 2, 3, and 8)
Equity
Common stockholder’s equity
Common stock, authorized 125.0 shares; outstanding 84.1 shares in both periods	841	841
Other paid-in capital	9,949	9,094
Accumulated other comprehensive loss	(13)	(13)
Retained earnings	2,674	2,619
Total common stockholder’s equity	13,451	12,541
Cumulative preferred stock, $4.50 series, authorized 7.5 shares; outstanding 0.4 shares in both periods	37	37
Total equity	13,488	12,578
Total Liabilities and Equity	$38,266	$37,091

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.