Short answer
CMS Energy (CMS) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.0B (up 15.4% year over year) with net income of $277M.
Q3 2025 key financials · XBRL
- Revenue
- $2.0B
- +15.4% YoY · +9.8% QoQ
- Net income
- $277M
- +9.5% YoY · +37.8% QoQ
- Operating margin
- 24.4%
- EPS (diluted)
- $0.92
- +9.5% YoY · +39.4% QoQ
Source: XBRL data from the CMS Energy (CMS) Q3 2025 10-Q on SEC EDGAR. USD.
CMS Energy Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin figures disclosed in MD&A section
- No information on cash position, operating cash flow, or capital deployment changes
- No management commentary on near-term outlook, guidance, or headwinds
Risk Factors
- No material changes in risk factors from 2024 Form 10-K carried forward unchanged
- Regulatory uncertainty in energy policy and environmental regulations remains a key compliance risk
- Market risk from fluctuating natural gas prices affecting cost of fuel and margins
- Operational risk from severe weather events impacting utility infrastructure stability
- Financial risk from debt maturities totaling $1.5B over next three years requires liquidity management
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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