v3.25.4
Earnings Per Share - CMS Energy (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Basic and Diluted EPS Computations
Presented in the following table are CMS Energy’s basic and diluted EPS computations based on income from continuing operations:
In Millions, Except Per Share Amounts
Years Ended December 31202520242023
Income available to common stockholders
Income from continuing operations$1,002 $947 $807 
Less loss attributable to noncontrolling interests(69)(56)(79)
Less preferred stock dividends10 10 10 
Income from continuing operations available to common stockholders – basic and diluted$1,061 $993 $876 
Average common shares outstanding
Weighted-average shares – basic300.4 297.6 291.2 
Add dilutive nonvested stock awards0.5 0.7 0.5 
Add dilutive forward equity sale contracts0.1 — — 
Weighted-average shares – diluted301.0 298.3 291.7 
Income from continuing operations per average common share available to common stockholders
Basic$3.53 $3.34 $3.01 
Diluted3.53 3.33 3.01