Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $19.90B|Employees: 8.4K
CMS Energy Corporation, operating primarily in Michigan, is the parent company of Consumers, an electric and gas utility, and NorthStar Clean Energy, a domestic independent power producer. Consumers serves 6.8 million Michigan residents, while NorthStar Clean Energy focuses on renewable energy development and marketing. CMS Energy manages its businesses through three segments: electric utility, gas utility, and NorthStar Clean Energy.
CMS Energy's consolidated operating revenue was $7.5 billion in 2024 and 2023, compared to $8.6 billion in 2022, indicating a decrease in revenue generation. This change could signal shifts in market conditions or operational performance.
Consumers' gas utility operations generated operating revenue of $2.1 billion in 2024, $2.4 billion in 2023, and $2.7 billion in 2022. The consistent decline in revenue may indicate challenges in the gas utility segment.
CMS Energy's net income available to common stockholders was $993 million in 2024, compared to $877 million in 2023. This increase suggests improved profitability or cost management despite revenue fluctuations.