69.55
+0.53%
Close of 9 Nov 2026, in USD
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About CMS Energy
From its filings with the US Securities and Exchange Commission
CMS Energy is based in Jackson, Michigan and is incorporated in Michigan. Its shares trade on NYSE under the ticker CMS. It is a member of the S&P 500. The SEC classifies its business as electric & other services combined. In the fiscal year to 31 December 2025, it reported revenue of $8.54bn and net income of $1.07bn. At that date it held total assets of $39.94bn and shareholders' equity of $9.14bn.
CMS Energy was formed as a corporation in Michigan in 1987 and is an energy company operating primarily in Michigan. It is the parent holding company of several subsidiaries, including Consumers, an electric and gas utility, and NorthStar Clean Energy, primarily a domestic independent power producer and marketer. Consumers’ customer base consists of a mix of primarily residential, commercial, and diversified industrial customers. NorthStar Clean Energy, through its subsidiaries and equity investments, is engaged in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production.
CMS Energy manages its businesses by the nature of services each provides, and operates principally in three business segments: electric utility; gas utility; and NorthStar Clean Energy, its non‑utility operations and investments. Consumers’ consolidated operations account for the substantial majority of CMS Energy’s total assets, income, and operating revenue. CMS Energy’s consolidated operating revenue was $8.5 billion in 2025, and $7.5 billion in 2024 and 2023.
Quoted from its 10-K, filed 10 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Multi-Utilities
- Listed since
- 3 Feb 1947
- Employees
- 8,350
- Website
- cmsenergy.com ↗
- Head office
- ONE ENERGY PLAZA, JACKSON, MI, 49201
- Incorporated in
- MI
- Classification
- Electric & Other Services Combined
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. John RussellIndependent Chairman of the Board, since 2004$466,000
- Mr. Garrick RochowPresident, Chief Executive Officer, Director, since 2015$10.4m
- Mr. Rejji HayesChief Financial Officer, Executive Vice President$4.0m
- Mr. Srikanth MaddipatiPresident - Electric Supply
- Mr. Gregory SalisburyPresident - Electric Distribution
- Mr. LeeRoy WellsPresident - Natural Gas Delivery$2.4m
- Ms. Tonya BerryExecutive Vice President, Chief Operating Officer
- Ms. Shannon ThomasSenior Vice President, Chief Human Resources Officer
- Mr. Shaun JohnsonExecutive Vice President - Business Transformation, Chief Legal and Administrative Officer$2.6m
- Ms. Kelly HallSenior Vice President - Regulatory & Legal Affairs, Deputy General Counsel
- Mr. Brandon HofmeisterSenior Vice President$2.1m
- Ms. Lauren SnyderSenior Vice President, Chief Customer and Growth Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 66
- Environment
- 70
- Social
- 62
- Governance
- 67
- Direct emissions (scope 1)
- 16,083,829 t
- Energy emissions (scope 2)
- 55,383 t
- Value chain emissions (scope 3)
- 22,487,677 t
- Women in the workforce
- 26%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- CMS Energy Corp has a strong track record of financial performance, consistently delivering solid revenue and earnings growth.
- The company has a diversified portfolio of assets, including a mix of conventional and renewable energy sources, which helps mitigate risks and ensures a stable supply of electricity.
- CMS Energy Corp has established a strong brand and reputation in the energy sector, being recognized for its commitment to sustainability and environmental stewardship.
Weaknesses
- One of the weaknesses of CMS Energy Corp is its high level of debt, which could limit the company's flexibility in pursuing growth opportunities or responding to changes in the industry.
- The company heavily relies on regulatory approvals and government policies, making it vulnerable to changes in regulations, which could impact its operations and profitability.
- CMS Energy Corp's limited geographic presence could hinder its ability to expand into new markets or take advantage of regional opportunities.
Opportunities
- The increasing demand for renewable energy sources presents a significant opportunity for CMS Energy Corp to further develop its renewable energy portfolio and capitalize on the growing market.
- The ongoing transition towards clean energy and the government's focus on reducing carbon emissions create opportunities for CMS Energy Corp to invest in sustainable technologies and initiatives.
- Expanding into new geographical markets, both domestically and internationally, could provide CMS Energy Corp with access to new customers and revenue streams.
Threats
- Intense competition within the energy industry, including from new entrants and disruptive technologies, poses a threat to CMS Energy Corp's market share and profitability.
- Fluctuations in energy prices, particularly natural gas and oil prices, could impact CMS Energy Corp's operating costs and margins.
- Increasing regulatory scrutiny and potential changes in environmental regulations may require CMS Energy Corp to make costly investments or face penalties.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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