Cms Energy (CMSC) Operating Expenses (2009 - 2026)

Cms Energy (CMSC) has 18 years of Operating Expenses data on file, last reported at $2.2 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 14.7% year-over-year to $2.2 billion; the trailing twelve-month figure through Mar 2026 stood at $7.1 billion (up 14.19% YoY), and the FY2025 full-year result was $6.8 billion, up 13.01% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.2 billion, up from $1.8 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $2.2 billion in Q1 2026 and bottomed at $1.3 billion in Q2 2023.
• The 5-year median for Operating Expenses is $1.7 billion (2022), against an average of $1.7 billion.
• The widest annual swing landed in 2022, when Operating Expenses gained 28.71%; it then declined 23.07% in 2023.
• A 5-year view of Operating Expenses shows it stood at $2.0 billion in 2022, then slipped by 23.07% to $1.5 billion in 2023, then grew by 1.3% to $1.6 billion in 2024, then grew by 14.96% to $1.8 billion in 2025, then grew by 24.58% to $2.2 billion in 2026.
• The last three Operating Expenses figures came in at $2.2 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.

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