v3.25.4

Revenue (Tables)

12 Months Ended

Dec. 31, 2025

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Presented in the following tables are the components of operating revenue:

In Millions
Year Ended December 31, 2025			Electric Utility						Gas Utility						NorthStar Clean Energy1									Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	5,578					$	2,468					$	—											$	8,046
Other						—						—						259												259
Revenue recognized from contracts with customers						$	5,578					$	2,468					$	259											$	8,305
Leasing income						—						—						149												149
Financing income						10						6						—												16
Consumers alternative-revenue programs						50						19						—												69
Total operating revenue – CMS Energy						$	5,638					$	2,493					$	408											$	8,539
Consumers
Consumers utility revenue
Residential						$	2,661					$	1,701																	$	4,362
Commercial						1,888						538																		2,426
Industrial						762						62																		824
Other						267						167																		434
Revenue recognized from contracts with customers						$	5,578					$	2,468																	$	8,046
Financing income						10						6																		16
Alternative-revenue programs						50						19																		69
Other non-segment revenue						—						—																		1
Total operating revenue – Consumers						$	5,638					$	2,493																	$	8,132

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

In Millions
Year Ended December 31, 2024			Electric Utility						Gas Utility						NorthStar Clean Energy1									Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	4,995					$	2,114					$	—											$	7,109
Other						—						—						211												211
Revenue recognized from contracts with customers						$	4,995					$	2,114					$	211											$	7,320
Leasing income						—						—						105												105
Financing income						10						5						—												15
Consumers alternative-revenue programs						56						19						—												75
Total operating revenue – CMS Energy						$	5,061					$	2,138					$	316											$	7,515
Consumers
Consumers utility revenue
Residential						$	2,318					$	1,429																	$	3,747
Commercial						1,674						440																		2,114
Industrial						670						50																		720
Other						333						195																		528
Revenue recognized from contracts with customers						$	4,995					$	2,114																	$	7,109
Financing income						10						5																		15
Alternative-revenue programs						56						19																		75
Other non-segment revenue						—						—																		1
Total operating revenue – Consumers						$	5,061					$	2,138																	$	7,200

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

In Millions
Year Ended December 31, 2023			Electric Utility						Gas Utility						NorthStar Clean Energy1												Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	4,686					$	2,394					$	—																	$	7,080
Other						—						—						181																		181
Revenue recognized from contracts with customers						$	4,686					$	2,394					$	181																	$	7,261
Leasing income						—						—						116																		116
Financing income						10						6						—																		16
Consumers alternative-revenue programs						49						20						—																		69
Total operating revenue – CMS Energy						$	4,745					$	2,420					$	297																	$	7,462
Consumers
Consumers utility revenue
Residential						$	2,236					$	1,619																							$	3,855
Commercial						1,550						489																								2,039
Industrial						660						60																								720
Other						240						226																								466
Revenue recognized from contracts with customers						$	4,686					$	2,394																							$	7,080
Financing income						10						6																								16
Alternative-revenue programs						49						20																								69
Other non-segment revenue						—						—																								1
Total operating revenue – Consumers						$	4,745					$	2,420																							$	7,166

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

Consumers Energy Company

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Presented in the following tables are the components of operating revenue:

In Millions
Year Ended December 31, 2025			Electric Utility						Gas Utility						NorthStar Clean Energy1									Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	5,578					$	2,468					$	—											$	8,046
Other						—						—						259												259
Revenue recognized from contracts with customers						$	5,578					$	2,468					$	259											$	8,305
Leasing income						—						—						149												149
Financing income						10						6						—												16
Consumers alternative-revenue programs						50						19						—												69
Total operating revenue – CMS Energy						$	5,638					$	2,493					$	408											$	8,539
Consumers
Consumers utility revenue
Residential						$	2,661					$	1,701																	$	4,362
Commercial						1,888						538																		2,426
Industrial						762						62																		824
Other						267						167																		434
Revenue recognized from contracts with customers						$	5,578					$	2,468																	$	8,046
Financing income						10						6																		16
Alternative-revenue programs						50						19																		69
Other non-segment revenue						—						—																		1
Total operating revenue – Consumers						$	5,638					$	2,493																	$	8,132

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

In Millions
Year Ended December 31, 2024			Electric Utility						Gas Utility						NorthStar Clean Energy1									Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	4,995					$	2,114					$	—											$	7,109
Other						—						—						211												211
Revenue recognized from contracts with customers						$	4,995					$	2,114					$	211											$	7,320
Leasing income						—						—						105												105
Financing income						10						5						—												15
Consumers alternative-revenue programs						56						19						—												75
Total operating revenue – CMS Energy						$	5,061					$	2,138					$	316											$	7,515
Consumers
Consumers utility revenue
Residential						$	2,318					$	1,429																	$	3,747
Commercial						1,674						440																		2,114
Industrial						670						50																		720
Other						333						195																		528
Revenue recognized from contracts with customers						$	4,995					$	2,114																	$	7,109
Financing income						10						5																		15
Alternative-revenue programs						56						19																		75
Other non-segment revenue						—						—																		1
Total operating revenue – Consumers						$	5,061					$	2,138																	$	7,200

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

In Millions
Year Ended December 31, 2023			Electric Utility						Gas Utility						NorthStar Clean Energy1												Consolidated
CMS Energy, including Consumers
Consumers utility revenue						$	4,686					$	2,394					$	—																	$	7,080
Other						—						—						181																		181
Revenue recognized from contracts with customers						$	4,686					$	2,394					$	181																	$	7,261
Leasing income						—						—						116																		116
Financing income						10						6						—																		16
Consumers alternative-revenue programs						49						20						—																		69
Total operating revenue – CMS Energy						$	4,745					$	2,420					$	297																	$	7,462
Consumers
Consumers utility revenue
Residential						$	2,236					$	1,619																							$	3,855
Commercial						1,550						489																								2,039
Industrial						660						60																								720
Other						240						226																								466
Revenue recognized from contracts with customers						$	4,686					$	2,394																							$	7,080
Financing income						10						6																								16
Alternative-revenue programs						49						20																								69
Other non-segment revenue						—						—																								1
Total operating revenue – Consumers						$	4,745					$	2,420																							$	7,166

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities.

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