Q2 FY2026 · ended Jun 30, 2026 · Revenue $1.81B, +0.6% YoY · Filed Jul 28, 2026
CMS Energy Corp (CMS) files with the SEC under industry code 4931, Electric & Other Services Combined. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $1.8 billion and net income of $120.0 million. Free cash flow was -$345.0 million. As of Jun 30, 2026 it held $241.0 million in cash and investments and $19.3 billion in total debt.
Revenue
$1.81B
+0.6% vs year-ago quarter
Net income
$120.00M
-40.3% vs year-ago quarter
Operating cash flow
$622.00M
+50.2% vs year-ago quarter
Free cash flow
$-345.00M
+26.6% vs year-ago quarter
EPS
$0.37
-43.9% vs year-ago quarter
Dividend per share
$0.57
+5.1% vs year-ago quarter
Shares outstanding
313.58M
+4.8% vs year-ago quarter
Net cash
$-19.05B
Q2 FY2026
Operating margin
19.4%
TTM
Company profile
- Industry
- Electric & Other Services Combined (SIC 4931)
- Listed as
- CMS (NYSE), CMSA (NYSE), CMSC (NYSE), CMSD (NYSE), CMS-PC (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- MI
- Headquarters
- Jackson, MI
- SEC filer status
- Large accelerated filer
- SEC CIK
- 811156
Other Electric & Other Services Combined companies
- Duke Energy CORP DUK
- Xcel Energy Inc XEL
- Exelon Corp EXC
- Consolidated Edison Inc ED
- PG&E Corp PCG
- Wec Energy Group, Inc. WEC
- Public Service Enterprise Group Inc PEG
- Ameren Corp AEE
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.7B | $2.1B | $2.0B | $1.8B |
| Operating income | $264.0M | $490.0M | $435.0M | $481.0M | $317.0M |
| Net income | $120.0M | $340.0M | $289.0M | $277.0M | $201.0M |
| Diluted EPS | $0.37 | $1.10 | $0.94 | $0.92 | $0.66 |
| Operating cash flow | $622.0M | $705.0M | $478.0M | $343.0M | $414.0M |
| Free cash flow | -$345.0M | -$334.0M | — | -$635.0M | -$470.0M |
| Total assets | $40.9B | $40.3B | $39.9B | $38.0B | $37.7B |
| Stockholders' equity | $9.8B | $9.5B | $9.1B | $8.9B | $8.4B |
| Cash and investments | $241.0M | $175.0M | $509.0M | $362.0M | $844.0M |
| Total debt | $19.3B | $19.1B | $18.9B | $18.1B | $18.0B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Other events
|
Nov 3, 2026 | Nov 3, 2026 |
| 10-Q | Quarterly report | Oct 27, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 27, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Jul 28, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Jul 28, 2026 | Jul 28, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Jun 3, 2026 | Jun 1, 2026 |
All 1002 CMS Energy Corp SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.