CMS Energy Corporation

CMS Utilities Utilities Regulated Electric

CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024.

Revenue
+8.02%
EPS
−131.6%
Free cash flow
+26.3%
Total debt
+11.8%

Quarter to September 2026, against a year earlier

69.34 0.77 −1.10%
Market cap
$22.2B
P/E
33.3×
Fwd P/E
19.2×
Dividend yield
4.00%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100

CMS Energy Corporation 8-K filed Nov 3, 2026

Period ended Nov 3, 2026 · Filed · accepted 12:31 PM ET · Document on sec.gov · Filing index

8.01 Other events; 9.01 Financial statements and exhibits

What it says

On November 3, 2026, CMS Energy issued and sold $1,000,000,000 of 6.800% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. It intends to use the net proceeds to repay at or prior to maturity its $275 million 2.95% Senior Notes due February 2027 and $350 million 3.45% Senior Notes due August 2027, and for general corporate purposes.

  • Estimated offering expenses total $1,800,000, including $1,550,350 in rating agency fees.

    Rating Agency Fees | 1,550,350 Printing and Delivery Expenses | 10,000 Miscellaneous Expenses | 10,000 Total | $ | 1,800,000 — the exhibit filed with it