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    CMS

    CMS ENERGY CORP

    Company overview

    Market capitalization
    $19.63B
    Employees
    8,350
    Latest publication
    2026-09-29
    About CMS ENERGY CORP

    CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20212021-12-31 · USDQ1 20202020-03-31 · USDQ4 20192019-12-31 · USDQ3 20192019-09-30 · USDQ2 20192019-06-30 · USDQ1 20192019-03-31 · USDQ3 20182018-09-30 · USDQ2 20182018-06-30 · USD
    Total Revenue2,033,000,000USD1,864,000,000USD1,795,000,000USD1,546,000,000USD1,445,000,000USD2,059,000,000USD1,599,000,000USD1,492,000,000USD
    Cost Of Revenue1,448,000,000USD1,066,000,000USD1,135,000,000USD910,000,000USD940,000,000USD1,296,000,000USD1,032,000,000USD965,000,000USD
    Gross Profit585,000,000USD798,000,000USD660,000,000USD636,000,000USD505,000,000USD763,000,000USD567,000,000USD527,000,000USD
    Unclassified Operating Expenses381,000,000USD—326,000,000USD-98,000,000USD-127,000,000USD-56,000,000USD-160,000,000USD-122,000,000USD
    Total Operating Expenses381,000,000USD430,000,000USD349,000,000USD285,000,000USD287,000,000USD404,000,000USD273,000,000USD272,000,000USD
    Operating Income204,000,000USD368,000,000USD311,000,000USD351,000,000USD218,000,000USD359,000,000USD294,000,000USD255,000,000USD
    Interest Income126,000,000USD8,000,000USD128,000,000USD2,000,000USD2,000,000USD121,000,000USD——
    Interest Expense126,000,000USD137,000,000USD134,000,000USD133,000,000USD131,000,000USD121,000,000USD114,000,000USD112,000,000USD
    Net Interest Income-126,000,000USD-129,000,000USD-132,000,000USD-131,000,000USD-129,000,000USD-120,000,000USD——
    Income Before Tax119,000,000USD270,000,000USD205,000,000USD249,000,000USD114,000,000USD261,000,000USD202,000,000USD165,000,000USD
    Income Tax Expense5,000,000USD27,000,000USD37,000,000USD42,000,000USD20,000,000USD48,000,000USD33,000,000USD25,000,000USD
    Tax Provision5,000,000USD27,000,000USD64,600,000USD42,000,000USD20,000,000USD51,500,000USD——
    Net Income639,000,000USD243,000,000USD167,000,000USD207,000,000USD93,000,000USD213,000,000USD169,000,000USD139,000,000USD
    Net Income From Continuing Ops114,000,000USD243,000,000USD168,000,000USD207,000,000USD94,000,000USD213,000,000USD169,000,000USD140,000,000USD
    Ebit245,000,000USD407,000,000USD339,000,000USD382,000,000USD245,000,000USD382,000,000USD316,000,000USD277,000,000USD
    Ebitda527,000,000USD723,000,000USD602,000,000USD597,000,000USD461,000,000USD680,000,000USD522,000,000USD481,000,000USD
    Depreciation And Amortization282,000,000USD316,000,000USD263,000,000USD215,000,000USD216,000,000USD298,000,000USD206,000,000USD204,000,000USD
    Reconciled Depreciation282,000,000USD316,000,000USD263,000,000USD215,000,000USD216,000,000USD298,000,000USD206,000,000USD204,000,000USD
    Total Other Income Expense Net-85,000,000USD-98,000,000USD-106,000,000USD-102,000,000USD-104,000,000USD-98,000,000USD-92,000,000USD-90,000,000USD
    Minority Interest5,000,000USD37,000,000USD37,000,000USD37,000,000USD1,000,000USD37,000,000USD37,000,000USD1,000,000USD
    Discontinued Operations520,000,000USD—————0USD0USD
    Net Income Applicable To Common Shares637,000,000USD243,000,000USD167,000,000USD207,000,000USD93,000,000USD213,000,000USD169,000,000USD139,000,000USD
    Selling General Administrative—429,000,000USD23,000,000USD383,000,000USD414,000,000USD460,000,000USD433,000,000USD394,000,000USD
    Non Operating Income Net Other—39,000,000USD—31,000,000USD27,000,000USD23,000,000USD22,000,000USD22,000,000USD
    Research Development——————0USD0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20172017-12-31 · USDFY 20162016-12-31 · USDFY 20152015-12-31 · USDFY 20142014-12-31 · USDFY 20132013-12-31 · USDFY 20112011-12-31 · USDFY 20032003-12-31 · USDFY 19971997-12-31 · USD
    Total Revenue6,583,000,000USD6,399,000,000USD6,456,000,000USD7,179,000,000USD6,566,000,000USD6,503,000,000USD5,513,000,000USD4,781,000,000USD
    Cost Of Revenue4,080,000,000USD4,051,000,000USD4,266,000,000USD5,090,000,000USD4,562,000,000USD4,749,000,000USD1,400,000,000USD3,213,000,000USD
    Gross Profit2,503,000,000USD2,348,000,000USD2,190,000,000USD2,089,000,000USD2,004,000,000USD1,754,000,000USD4,113,000,000USD1,568,000,000USD
    Research Development0USD0USD0USD0USD0USD0USD——
    Selling General Administrative1,520,000,000USD1,488,000,000USD1,500,000,000USD1,484,000,000USD1,470,000,000USD0USD——
    Unclassified Operating Expenses-355,000,000USD-396,000,000USD-488,000,000USD-547,000,000USD-608,000,000USD751,000,000USD3,682,000,000USD852,000,000USD
    Total Operating Expenses1,165,000,000USD1,092,000,000USD1,012,000,000USD937,000,000USD862,000,000USD751,000,000USD3,682,000,000USD852,000,000USD
    Operating Income1,338,000,000USD1,256,000,000USD1,178,000,000USD1,152,000,000USD1,142,000,000USD1,003,000,000USD431,000,000USD716,000,000USD
    Interest Income12,000,000USD6,000,000USD370,000,000USD—————
    Interest Expense438,000,000USD435,000,000USD396,000,000USD407,000,000USD398,000,000USD415,000,000USD0USD0USD
    Net Interest Income-426,000,000USD-429,000,000USD——————
    Income Before Tax886,000,000USD826,000,000USD796,000,000USD729,000,000USD756,000,000USD606,000,000USD15,000,000USD352,000,000USD
    Income Tax Expense424,000,000USD273,000,000USD271,000,000USD250,000,000USD302,000,000USD191,000,000USD58,000,000USD108,000,000USD
    Tax Provision424,000,000USD273,000,000USD271,000,000USD—————
    Net Income460,000,000USD551,000,000USD523,000,000USD477,000,000USD452,000,000USD415,000,000USD-44,000,000USD244,000,000USD
    Net Income From Continuing Ops462,000,000USD553,000,000USD525,000,000USD479,000,000USD454,000,000USD———
    Ebit1,324,000,000USD1,261,000,000USD1,192,000,000USD1,136,000,000USD1,154,000,000USD1,021,000,000USD281,000,000USD694,000,000USD
    Ebitda2,205,000,000USD2,072,000,000USD1,942,000,000USD1,821,000,000USD1,782,000,000USD1,567,000,000USD743,000,000USD1,227,000,000USD
    Depreciation And Amortization881,000,000USD811,000,000USD750,000,000USD685,000,000USD628,000,000USD546,000,000USD462,000,000USD533,000,000USD
    Reconciled Depreciation881,000,000USD———————
    Total Other Income Expense Net-452,000,000USD-430,000,000USD-382,000,000USD-423,000,000USD-386,000,000USD-397,000,000USD150,000,000USD-364,000,000USD
    Non Operating Income Net Other-14,000,000USD-36,000,000USD29,000,000USD-16,000,000USD12,000,000USD———
    Minority Interest2,000,000USD2,000,000USD2,000,000USD2,000,000USD2,000,000USD2,000,000USD——
    Net Income Applicable To Common Shares460,000,000USD551,000,000USD523,000,000USD477,000,000USD452,000,000USD413,000,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets40,285,000,000USD40,388,000,000USD38,008,000,000USD37,699,000,000USD36,295,000,000USD35,920,000,000USD34,817,000,000USD34,355,000,000USD
    Other Current Assets704,000,000USD743,000,000USD546,000,000USD677,000,000USD709,000,000USD855,000,000USD604,000,000USD682,000,000USD
    Total Liab30,234,000,000USD30,677,000,000USD28,577,000,000USD28,728,000,000USD27,372,000,000USD27,172,000,000USD26,176,000,000USD25,814,000,000USD
    Total Stockholder Equity9,466,000,000USD9,144,000,000USD8,864,000,000USD8,394,000,000USD8,335,000,000USD8,230,000,000USD8,111,000,000USD8,003,000,000USD
    Other Current Liab994,000,000USD1,185,000,000USD749,000,000USD471,000,000USD495,000,000USD511,000,000USD730,000,000USD511,000,000USD
    Common Stock3,000,000USD3,000,000USD3,000,000USD3,000,000USD3,000,000USD3,000,000USD3,000,000USD3,000,000USD
    Capital Stock227,000,000USD227,000,000USD227,000,000USD227,000,000USD227,000,000USD227,000,000USD227,000,000USD227,000,000USD
    Retained Earnings2,605,000,000USD2,443,000,000USD2,323,000,000USD2,210,000,000USD2,174,000,000USD2,035,000,000USD1,928,000,000USD1,830,000,000USD
    Other Assets402,000,000USD5,789,000,000USD5,491,000,000USD5,659,000,000USD5,519,000,000USD5,580,000,000USD-2,703,000,000USD—
    Cash263,000,000USD615,000,000USD362,000,000USD844,000,000USD465,000,000USD103,000,000USD412,000,000USD699,000,000USD
    Cash And Short Term Investments263,000,000USD615,000,000USD362,000,000USD844,000,000USD465,000,000USD103,000,000USD412,000,000USD699,000,000USD
    Total Current Assets3,025,000,000USD3,472,000,000USD2,745,000,000USD3,193,000,000USD2,782,000,000USD2,790,000,000USD2,703,000,000USD2,985,000,000USD
    Total Current Liabilities3,592,000,000USD3,548,000,000USD3,052,000,000USD3,196,000,000USD2,627,000,000USD3,521,000,000USD2,191,000,000USD2,528,000,000USD
    Net Debt18,815,000,000USD18,283,000,000USD17,711,000,000USD17,201,000,000USD16,501,000,000USD16,487,000,000USD15,755,000,000USD15,069,000,000USD
    Short Term Debt1,360,000,000USD959,000,000USD1,162,000,000USD1,125,000,000USD707,000,000USD1,263,000,000USD507,000,000USD772,000,000USD
    Short Long Term Debt1,360,000,000USD956,000,000USD1,162,000,000USD1,125,000,000USD707,000,000USD1,260,000,000USD507,000,000USD772,000,000USD
    Short Long Term Debt Total19,078,000,000USD18,898,000,000USD18,073,000,000USD18,045,000,000USD16,966,000,000USD16,590,000,000USD16,167,000,000USD15,768,000,000USD
    Long Term Debt17,456,000,000USD18,898,000,000USD16,774,000,000USD18,045,000,000USD16,148,000,000USD15,194,000,000USD15,548,000,000USD14,917,000,000USD
    Long Term Investments65,000,000USD61,000,000USD64,000,000USD62,000,000USD71,000,000USD69,000,000USD74,000,000USD73,000,000USD
    Net Receivables1,416,000,000USD1,323,000,000USD934,000,000USD936,000,000USD1,028,000,000USD1,063,000,000USD803,000,000USD825,000,000USD
    Inventory642,000,000USD791,000,000USD903,000,000USD736,000,000USD580,000,000USD769,000,000USD884,000,000USD779,000,000USD
    Accounts Payable1,238,000,000USD1,404,000,000USD1,141,000,000USD1,139,000,000USD951,000,000USD1,093,000,000USD954,000,000USD796,000,000USD
    Property Plant Equipment Net31,533,000,000USD30,702,000,000USD29,690,000,000USD28,847,000,000USD27,903,000,000USD27,485,000,000USD26,671,000,000USD25,877,000,000USD
    Property Plant Equipment Gross41,917,000,000USD40,815,000,000USD39,741,000,000USD38,712,000,000USD37,701,000,000USD37,030,000,000USD35,983,000,000USD35,037,000,000USD
    Accumulated Other Comprehensive Income-35,000,000USD-36,000,000USD-41,000,000USD-41,000,000USD-41,000,000USD-41,000,000USD-45,000,000USD-45,000,000USD
    Common Stock Shares Outstanding300,566,572shares300,566,572shares300,400,000shares299,100,000shares299,100,000shares298,784,865shares298,800,000shares298,500,000shares
    Non Current Assets Total37,260,000,000USD36,916,000,000USD35,263,000,000USD34,506,000,000USD33,513,000,000USD33,130,000,000USD32,114,000,000USD31,370,000,000USD
    Non Current Liabilities Total26,642,000,000USD27,129,000,000USD25,525,000,000USD25,532,000,000USD24,745,000,000USD23,651,000,000USD23,985,000,000USD23,286,000,000USD
    Non Current Liabilities Other417,000,000USD392,000,000USD396,000,000USD409,000,000USD370,000,000USD407,000,000USD427,000,000USD429,000,000USD
    Non Currrent Assets Other5,644,000,000USD5,688,000,000USD5,509,000,000USD5,597,000,000USD5,539,000,000USD5,576,000,000USD5,369,000,000USD5,420,000,000USD
    Net Working Capital-567,000,000USD-76,000,000USD-307,000,000USD-3,000,000USD155,000,000USD-731,000,000USD512,000,000USD457,000,000USD
    Unclassified Non Current Assets-384,000,000USD-5,324,000,000USD-5,491,000,000USD-5,659,000,000USD-5,519,000,000USD-5,580,000,000USD——
    Unclassified Current Liabilities-1,360,000,000USD-956,000,000USD-1,162,000,000USD-664,000,000USD-233,000,000USD-606,000,000USD-507,000,000USD-323,000,000USD
    Unclassified Non Current Liabilities8,769,000,000USD7,839,000,000USD8,355,000,000USD7,078,000,000USD8,227,000,000USD8,050,000,000USD8,010,000,000USD7,940,000,000USD
    Unclassified Equity6,666,000,000USD6,507,000,000USD6,352,000,000USD5,995,000,000USD5,972,000,000USD6,006,000,000USD5,998,000,000USD5,988,000,000USD
    Cash And Equivalents—509,000,000USD362,000,000USD844,000,000USD465,000,000USD103,000,000USD412,000,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets40,388,000,000USD35,920,000,000USD33,517,000,000USD31,353,000,000USD28,753,000,000USD29,666,000,000USD26,837,000,000USD24,529,000,000USD
    Other Current Assets743,000,000USD855,000,000USD730,000,000USD572,000,000USD565,000,000USD2,219,000,000USD441,000,000USD438,000,000USD
    Total Liab30,677,000,000USD27,172,000,000USD25,392,000,000USD23,758,000,000USD21,565,000,000USD23,589,000,000USD21,782,000,000USD19,737,000,000USD
    Total Stockholder Equity9,144,000,000USD8,230,000,000USD7,544,000,000USD7,015,000,000USD6,631,000,000USD6,077,000,000USD5,018,000,000USD4,755,000,000USD
    Other Current Liab1,185,000,000USD511,000,000USD397,000,000USD388,000,000USD418,000,000USD307,000,000USD403,000,000USD400,000,000USD
    Common Stock3,000,000USD3,000,000USD3,000,000USD3,000,000USD3,000,000USD5,496,000,000USD3,000,000USD3,000,000USD
    Capital Stock227,000,000USD227,000,000USD227,000,000USD7,015,000,000USD227,000,000USD3,000,000USD3,000,000USD3,000,000USD
    Retained Earnings2,443,000,000USD2,035,000,000USD1,658,000,000USD1,350,000,000USD1,057,000,000USD214,000,000USD-25,000,000USD-271,000,000USD
    Other Assets5,789,000,000USD591,000,000USD5,482,000,000USD5,207,000,000USD3,774,000,000USD6,119,000,000USD5,462,000,000USD3,866,000,000USD
    Cash615,000,000USD103,000,000USD227,000,000USD164,000,000USD452,000,000USD168,000,000USD140,000,000USD153,000,000USD
    Cash And Equivalents509,000,000USD103,000,000USD227,000,000USD164,000,000USD452,000,000USD32,000,000USD140,000,000USD153,000,000USD
    Cash And Short Term Investments615,000,000USD103,000,000USD227,000,000USD164,000,000USD452,000,000USD168,000,000USD140,000,000USD153,000,000USD
    Total Current Assets3,472,000,000USD2,790,000,000USD2,839,000,000USD3,433,000,000USD2,627,000,000USD2,404,000,000USD2,331,000,000USD2,468,000,000USD
    Total Current Liabilities3,548,000,000USD3,521,000,000USD2,895,000,000USD2,985,000,000USD2,204,000,000USD1,568,000,000USD2,704,000,000USD2,624,000,000USD
    Net Debt18,324,000,000USD16,487,000,000USD15,442,000,000USD14,176,000,000USD12,050,000,000USD15,028,000,000USD13,153,000,000USD11,624,000,000USD
    Short Term Debt959,000,000USD1,263,000,000USD1,077,000,000USD1,123,000,000USD385,000,000USD1,506,000,000USD1,229,000,000USD1,093,000,000USD
    Short Long Term Debt956,000,000USD1,260,000,000USD1,073,000,000USD1,119,000,000USD766,000,000USD1,506,000,000USD1,220,000,000USD1,093,000,000USD
    Short Long Term Debt Total18,939,000,000USD16,590,000,000USD15,669,000,000USD14,340,000,000USD12,502,000,000USD16,702,000,000USD13,293,000,000USD11,777,000,000USD
    Long Term Debt18,898,000,000USD15,194,000,000USD14,508,000,000USD14,309,000,000USD12,474,000,000USD15,196,000,000USD11,951,000,000USD10,615,000,000USD
    Long Term Investments61,000,000USD69,000,000USD76,000,000USD71,000,000USD71,000,000USD70,000,000USD71,000,000USD1,714,000,000USD
    Net Receivables1,323,000,000USD1,063,000,000USD944,000,000USD1,580,000,000USD943,000,000USD1,157,000,000USD1,145,000,000USD1,227,000,000USD
    Inventory791,000,000USD769,000,000USD938,000,000USD1,117,000,000USD667,000,000USD576,000,000USD605,000,000USD650,000,000USD
    Accounts Payable1,404,000,000USD1,093,000,000USD809,000,000USD936,000,000USD886,000,000USD678,000,000USD635,000,000USD733,000,000USD
    Property Plant Equipment Net30,702,000,000USD27,485,000,000USD25,098,000,000USD22,744,000,000USD22,378,000,000USD21,039,000,000USD18,973,000,000USD18,126,000,000USD
    Property Plant Equipment Gross40,815,000,000USD37,030,000,000USD34,079,000,000USD31,673,000,000USD30,854,000,000USD26,757,000,000USD18,926,000,000USD18,126,000,000USD
    Accumulated Other Comprehensive Income-36,000,000USD-41,000,000USD-46,000,000USD-52,000,000USD-59,000,000USD-86,000,000USD-73,000,000USD-65,000,000USD
    Common Stock Shares Outstanding300,566,572shares298,300,000shares291,700,000shares290,000,000shares289,500,000shares286,300,000shares284,300,000shares282,900,000shares
    Non Current Assets Total36,916,000,000USD33,130,000,000USD30,678,000,000USD27,920,000,000USD26,126,000,000USD27,262,000,000USD24,506,000,000USD22,061,000,000USD
    Non Current Liabilities Total27,129,000,000USD23,651,000,000USD22,497,000,000USD20,773,000,000USD19,361,000,000USD22,021,000,000USD19,078,000,000USD17,113,000,000USD
    Non Current Liabilities Other392,000,000USD407,000,000USD415,000,000USD7,583,000,000USD7,269,000,000USD6,825,000,000USD383,000,000USD4,843,000,000USD
    Non Currrent Assets Other5,688,000,000USD5,576,000,000USD5,504,000,000USD5,105,000,000USD3,677,000,000USD6,153,000,000USD5,462,000,000USD3,866,000,000USD
    Net Working Capital-76,000,000USD-731,000,000USD-56,000,000USD1,567,000,000USD805,000,000USD-670,000,000USD-373,000,000USD-156,000,000USD
    Unclassified Non Current Assets-5,324,000,000USD-591,000,000USD-5,482,000,000USD-5,207,000,000USD-3,774,000,000USD-6,119,000,000USD-5,462,000,000USD-5,511,000,000USD
    Unclassified Current Liabilities-956,000,000USD-606,000,000USD-1,276,000,000USD-581,000,000USD-251,000,000USD-2,429,000,000USD-783,000,000USD-1,093,000,000USD
    Unclassified Non Current Liabilities7,839,000,000USD8,050,000,000USD7,574,000,000USD-12,270,000,000USD-9,910,000,000USD-9,453,000,000USD-2,759,000,000USD-6,360,000,000USD
    Unclassified Equity6,507,000,000USD6,006,000,000USD5,702,000,000USD-1,301,000,000USD5,403,000,000USD450,000,000USD5,110,000,000USD5,085,000,000USD
    Current Deferred Revenue——815,000,000USD—-1,268,000,000USD-923,000,000USD-644,000,000USD398,000,000USD
    Deferred Long Term Liab———3,595,000,000USD2,259,000,000USD2,653,000,000USD2,489,000,000USD1,586,000,000USD
    Other Liab———7,556,000,000USD7,269,000,000USD6,800,000,000USD7,014,000,000USD6,429,000,000USD
    Net Tangible Assets———6,791,000,000USD6,407,000,000USD5,496,000,000USD5,018,000,000USD4,755,000,000USD
    Unclassified Current Assets—————-1,716,000,000USD——
    Accumulated Depreciation———————-7,037,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income340,000,000USD242,000,000USD210,000,000USD201,000,000USD304,000,000USD265,000,000USD253,000,000USD198,000,000USD
    Depreciation412,000,000USD342,000,000USD284,000,000USD288,000,000USD388,000,000USD326,000,000USD273,000,000USD273,000,000USD
    Other Non Cash Items-118,000,000USD-33,000,000USD43,000,000USD-106,000,000USD-55,000,000USD-79,000,000USD-51,000,000USD-87,000,000USD
    Change To Account Receivables-24,000,000USD-365,000,000USD34,000,000USD85,000,000USD-5,000,000USD-340,000,000USD32,000,000USD126,000,000USD
    Change To Inventory148,000,000USD106,000,000USD-168,000,000USD-156,000,000USD190,000,000USD113,000,000USD-107,000,000USD-101,000,000USD
    Change In Working Capital-11,000,000USD-104,000,000USD-227,000,000USD-33,000,000USD303,000,000USD-148,000,000USD-195,000,000USD295,000,000USD
    Total Cash From Operating Activities705,000,000USD478,000,000USD343,000,000USD414,000,000USD1,000,000,000USD403,000,000USD304,000,000USD707,000,000USD
    Capital Expenditures-1,039,000,000USD-1,074,000,000USD-978,000,000USD-884,000,000USD-888,000,000USD-918,000,000USD-806,000,000USD-681,000,000USD
    Free Cash Flow-334,000,000USD-596,000,000USD-635,000,000USD-470,000,000USD112,000,000USD-515,000,000USD-502,000,000USD26,000,000USD
    Total Cashflows From Investing Activities-1,073,000,000USD-1,108,000,000USD-1,046,000,000USD-962,000,000USD-918,000,000USD-948,000,000USD-855,000,000USD-609,000,000USD
    Net Borrowings133,000,000USD832,000,000USD19,000,000USD1,650,000,000USD-107,000,000USD417,000,000USD387,000,000USD—
    Total Cash From Financing Activities16,000,000USD813,000,000USD210,000,000USD947,000,000USD266,000,000USD256,000,000USD229,000,000USD-170,000,000USD
    Dividends Paid-178,000,000USD-167,000,000USD-165,000,000USD-165,000,000USD-166,000,000USD-156,000,000USD-156,000,000USD-158,000,000USD
    Issuance Of Capital Stock400,000,000USD152,000,000USD356,000,000USD-133,000,000USD150,000,000USD3,000,000USD4,000,000USD-41,000,000USD
    Change In Cash-352,000,000USD183,000,000USD-493,000,000USD399,000,000USD348,000,000USD-289,000,000USD-322,000,000USD-72,000,000USD
    Begin Period Cash Flow615,000,000USD432,000,000USD925,000,000USD526,000,000USD178,000,000USD467,000,000USD789,000,000USD861,000,000USD
    End Period Cash Flow263,000,000USD615,000,000USD432,000,000USD925,000,000USD526,000,000USD178,000,000USD467,000,000USD789,000,000USD
    Other Cashflows From Investing Activities-34,000,000USD-38,000,000USD438,000,000USD-78,000,000USD-30,000,000USD-35,000,000USD-49,000,000USD-52,000,000USD
    Other Cashflows From Financing Activities-26,000,000USD-4,000,000USD1,522,000,000USD-27,000,000USD11,000,000USD-8,000,000USD-6,000,000USD-10,000,000USD
    Unclassified Operating Cash Flow82,000,000USD31,000,000USD33,000,000USD64,000,000USD60,000,000USD39,000,000USD24,000,000USD28,000,000USD
    Unclassified Financing Cash Flow-313,000,000USD-373,000,000USD-1,438,000,000USD-661,000,000USD525,000,000USD-283,000,000USD-279,000,000USD270,000,000USD
    Sale Purchase Of Stock—525,000,000USD272,000,000USD150,000,000USD3,000,000USD286,000,000USD283,000,000USD-272,000,000USD
    Investments——-1,046,000,000USD-1,080,000,000USD-800,000,000USD-953,000,000USD-855,000,000USD-639,000,000USD
    Unclassified Investing Cash Flow——540,000,000USD1,080,000,000USD800,000,000USD958,000,000USD855,000,000USD763,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income1,071,000,000USD1,003,000,000USD886,000,000USD813,000,000USD1,330,000,000USD752,000,000USD682,000,000USD657,000,000USD
    Depreciation1,306,000,000USD1,240,000,000USD1,180,000,000USD1,126,000,000USD1,114,000,000USD1,048,000,000USD992,000,000USD933,000,000USD
    Other Non Cash Items-283,000,000USD-277,000,000USD-330,000,000USD-60,000,000USD-82,000,000USD-734,000,000USD-68,000,000USD-174,000,000USD
    Change To Account Receivables-251,000,000USD-155,000,000USD241,000,000USD-677,000,000USD-103,000,000USD-12,000,000USD45,000,000USD15,000,000USD
    Change To Inventory-28,000,000USD164,000,000USD185,000,000USD-450,000,000USD-93,000,000USD28,000,000USD44,000,000USD14,000,000USD
    Change In Working Capital-61,000,000USD262,000,000USD416,000,000USD-1,113,000,000USD-46,000,000USD-50,000,000USD-33,000,000USD105,000,000USD
    Total Cash From Operating Activities2,235,000,000USD2,370,000,000USD2,309,000,000USD855,000,000USD1,819,000,000USD1,276,000,000USD1,790,000,000USD1,703,000,000USD
    Capital Expenditures-3,824,000,000USD-3,018,000,000USD-3,219,000,000USD-2,481,000,000USD-2,209,000,000USD-2,448,000,000USD-2,236,000,000USD-2,074,000,000USD
    Free Cash Flow-1,589,000,000USD-648,000,000USD-910,000,000USD-1,626,000,000USD-390,000,000USD-1,172,000,000USD-446,000,000USD-371,000,000USD
    Total Cashflows From Investing Activities-4,034,000,000USD-3,049,000,000USD-3,380,000,000USD-2,476,000,000USD-1,233,000,000USD-2,867,000,000USD-2,816,000,000USD-2,606,000,000USD
    Net Borrowings2,394,000,000USD982,000,000USD1,492,000,000USD1,813,000,000USD100,000,000USD1,079,000,000USD859,000,000USD788,000,000USD
    Total Cash From Financing Activities2,236,000,000USD609,000,000USD1,137,000,000USD1,327,000,000USD-295,000,000USD1,619,000,000USD1,008,000,000USD874,000,000USD
    Dividends Paid-663,000,000USD-626,000,000USD-579,000,000USD-546,000,000USD-509,000,000USD-467,000,000USD-436,000,000USD-407,000,000USD
    Sale Purchase Of Stock525,000,000USD286,000,000USD3,624,000,000USD69,000,000USD475,000,000USD3,505,000,000USD2,775,000,000USD3,280,000,000USD
    Issuance Of Capital Stock525,000,000USD286,000,000USD192,000,000USD69,000,000USD250,000,000USD253,000,000USD12,000,000USD41,000,000USD
    Change In Cash437,000,000USD-70,000,000USD66,000,000USD-294,000,000USD291,000,000USD28,000,000USD-18,000,000USD-25,000,000USD
    Begin Period Cash Flow178,000,000USD248,000,000USD182,000,000USD476,000,000USD185,000,000USD157,000,000USD175,000,000USD199,000,000USD
    End Period Cash Flow615,000,000USD178,000,000USD248,000,000USD182,000,000USD476,000,000USD185,000,000USD157,000,000USD174,000,000USD
    Other Cashflows From Investing Activities-214,000,000USD-160,000,000USD-167,000,000USD-2,476,000,000USD-1,233,000,000USD-131,000,000USD-132,000,000USD-532,000,000USD
    Other Cashflows From Financing Activities-20,000,000USD-33,000,000USD32,000,000USD1,910,000,000USD-52,000,000USD338,000,000USD-58,000,000USD-58,000,000USD
    Unclassified Operating Cash Flow202,000,000USD142,000,000USD129,000,000USD63,000,000USD249,000,000USD170,000,000USD150,000,000USD165,000,000USD
    Investments—-3,054,000,000USD-3,386,000,000USD-2,476,000,000USD-1,233,000,000USD-2,867,000,000USD-2,816,000,000USD-386,000,000USD
    Unclassified Investing Cash Flow—3,183,000,000USD3,392,000,000USD4,957,000,000USD3,442,000,000USD2,579,000,000USD2,368,000,000USD386,000,000USD
    Stock Based Compensation——28,000,000USD26,000,000USD-746,000,000USD90,000,000USD67,000,000USD17,000,000USD
    Unclassified Financing Cash Flow——-3,432,000,000USD-1,919,000,000USD-309,000,000USD-2,836,000,000USD-2,132,000,000USD-2,729,000,000USD
    Change To Liabilities———4,000,000USD153,000,000USD54,000,000USD-69,000,000USD22,000,000USD
    Cash And Cash Equivalents Changes———————-29,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31ProductCommercial Utility Service723,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31ProductIndustrial Utility Service235,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31ProductOther Utility Service96,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31ProductResidential Utility Services1,553,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31SegmentElectric Utility1,365,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31SegmentGas Utility1,242,000,000USD0000811156-26-000024
    Q1 2026Quarterly · 2026-03-31SegmentNorth Star Clean Energy68,000,000USD0000811156-26-000024
    Q4 2025Quarterly · 2025-12-31ProductCommercial Utility Service584,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductIndustrial Utility Service202,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductOther Utility Service110,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductResidential Utility Services1,161,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentElectric Utility1,254,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentGas Utility803,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentNorth Star Clean Energy77,000,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductCommercial Utility Service2,426,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31ProductIndustrial Utility Service824,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31ProductOther Utility Service434,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31ProductResidential Utility Services4,362,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31SegmentElectric Utility5,578,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31SegmentGas Utility2,468,000,000USD0000811156-26-000004
    FY 2025Yearly · 2025-12-31SegmentNorth Star Clean Energy259,000,000USD0000811156-26-000004
    Q3 2025Quarterly · 2025-09-30ProductCommercial Utility Service622,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30ProductIndustrial Utility Service210,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30ProductOther Utility Service95,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30ProductResidential Utility Services981,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30SegmentElectric Utility1,675,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30SegmentGas Utility233,000,000USD0000811156-25-000077
    Q3 2025Quarterly · 2025-09-30SegmentNorth Star Clean Energy67,000,000USD0000811156-25-000077
    Q2 2025Quarterly · 2025-06-30ProductCommercial Utility Service563,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30ProductIndustrial Utility Service209,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30ProductOther Utility Service73,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30ProductResidential Utility Services895,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30SegmentElectric Utility1,355,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30SegmentGas Utility385,000,000USD0000811156-25-000071
    Q2 2025Quarterly · 2025-06-30SegmentNorth Star Clean Energy58,000,000USD0000811156-25-000071
    Q1 2025Quarterly · 2025-03-31ProductCommercial Utility Service657,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31ProductIndustrial Utility Service203,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31ProductOther Utility Service156,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31ProductResidential Utility Services1,325,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31SegmentElectric Utility1,294,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31SegmentGas Utility1,047,000,000USD0000811156-26-000024
    Q1 2025Quarterly · 2025-03-31SegmentNorth Star Clean Energy57,000,000USD0000811156-26-000024
    Q4 2024Quarterly · 2024-12-31ProductCommercial Utility Service524,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductIndustrial Utility Service184,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductOther Utility Service158,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductResidential Utility Services970,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentElectric Utility1,202,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentGas Utility634,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentNorth Star Clean Energy53,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductCommercial Utility Service2,114,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31ProductIndustrial Utility Service720,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31ProductOther Utility Service528,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31ProductResidential Utility Services3,747,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31SegmentElectric Utility4,995,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31SegmentGas Utility2,114,000,000USD0000811156-26-000004
    FY 2024Yearly · 2024-12-31SegmentNorth Star Clean Energy211,000,000USD0000811156-26-000004
    Q3 2024Quarterly · 2024-09-30ProductCommercial Utility Service526,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30ProductIndustrial Utility Service174,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30ProductOther Utility Service121,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30ProductResidential Utility Services834,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30SegmentElectric Utility1,443,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30SegmentGas Utility212,000,000USD0000811156-25-000077
    Q3 2024Quarterly · 2024-09-30SegmentNorth Star Clean Energy56,000,000USD0000811156-25-000077
    Q2 2024Quarterly · 2024-06-30ProductCommercial Utility Service497,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30ProductIndustrial Utility Service182,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30ProductOther Utility Service94,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30ProductResidential Utility Services753,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30SegmentElectric Utility1,221,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30SegmentGas Utility305,000,000USD0000811156-25-000071
    Q2 2024Quarterly · 2024-06-30SegmentNorth Star Clean Energy50,000,000USD0000811156-25-000071
    FY 2023Yearly · 2023-12-31ProductCommercial Utility Service2,039,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31ProductIndustrial Utility Service720,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31ProductOther Utility Service466,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31ProductResidential Utility Services3,855,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31SegmentElectric Utility4,686,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31SegmentGas Utility2,394,000,000USD0000811156-26-000004
    FY 2023Yearly · 2023-12-31SegmentNorth Star Clean Energy181,000,000USD0000811156-26-000004
    FY 2022Yearly · 2022-12-31ProductCommercial Utility Service2,292,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31ProductIndustrial Utility Service867,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31ProductOther Utility Service554,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31ProductResidential Utility Services4,402,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31SegmentElectric Utility5,395,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31SegmentGas Utility2,720,000,000USD0000811156-25-000036
    FY 2022Yearly · 2022-12-31SegmentNorth Star Clean Energy205,000,000USD0000811156-25-000036
    FY 2021Yearly · 2021-12-31ProductCommercial Utility Service1,969,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31ProductIndustrial Utility Service678,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31ProductOther Utility Service516,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31ProductResidential Utility Services3,798,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31SegmentElectric Utility4,915,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31SegmentGas Utility2,046,000,000USD0000811156-24-000044
    FY 2021Yearly · 2021-12-31SegmentNorth Star Clean Energy114,000,000USD0000811156-24-000044
    FY 2020Yearly · 2020-12-31ProductCommercial Utility Service1,781,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31ProductIndustrial Utility Service616,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31ProductOther Utility Service419,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31ProductResidential Utility Services3,341,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31SegmentElectric Utility4,348,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31SegmentGas Utility1,809,000,000USD0000811156-23-000014
    FY 2020Yearly · 2020-12-31SegmentNorth Star Clean Energy81,000,000USD0000811156-23-000014
    FY 2019Yearly · 2019-12-31ProductCommercial Utility Service1,874,000,000USD0000811156-22-000048
    FY 2019Yearly · 2019-12-31ProductIndustrial Utility Service720,000,000USD0000811156-22-000048

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.