Cms Energy Corp

Company facts

Industry

Electric & Other Services Combined

Headquarters

Jackson, Michigan

Most recent report

10-Q, filed Jul 28, 2026

Incorporated

Michigan

Filings on record

1,000+ filings

On EDGAR

CIK 811156

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 1 positive, 4 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Financial statements and MD&A with specific results, rate cases, litigation, and new equity program.
  Positive

  • Consumers reached agreement with a new data center expected to add more than 1 GW of incremental load growth, supporting long-term sales.
  Notable

  • After fully using its $1B equity program, CMS Energy entered a new $3B at-the-market equity offering program in May 2026.
  • Board approved plan to divest certain non-Michigan renewable projects and exit non-utility renewables development; may record material impairment in Q3 2026.
  • Jury awarded $383M damages in Ludington overhaul dispute, but post-verdict proceedings and appeals may take years; claim under Toshiba parent guaranty still pending.
  Negative

  • Net financial impact of complying with emergency orders through June 30, 2026 was $259M after $239M MISO revenues; FERC recovery pending.

• Other Information (Item 5)

  Board-approved divestiture plan and potential material impairment charge.
  Notable

  • Strategy shift: board approved divestiture of renewable projects and exit from non-utility renewables development.
  Negative

  • Potential material impairment charge in Q3 2026 if fair value less costs to sell is below carrying value.

What changed: Jun 2026 vs. Mar 2026

About 7% of CMS's Jun 2026 10-Q is new information. 58 paragraphs were added, 142 changed, and 43 removed. Below are the most important lines SECSift identified.

• Item 1 158
• Item 5 3
• Item 6 3
• Item 2 1