CMS Energy Corporation (N:CMS)

Sector:  Utilities Industry:  Multiline Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: One Energy Plaza
JACKSON MI 49201
Tel: 1-517-7683114
Website: https://www.cmsenergy.com
IR: See website
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Key People
Garrick J. Rochow
President, Chief Executive Officer, Director
Scott B. Mcintosh
Chief Accounting Officer, Vice President, Controller
Rejji P. Hayes
Chief Financial Officer, Executive Vice President
Shaun M. Johnson
Senior Vice President, General Counsel
Tonya L. Berry
Senior Vice President
Catherine A. Hendrian
Senior Vice President
Brandon J. Hofmeister
Senior Vice President
Venkat Dhenuvakonda Rao
Senior Vice President
Brian F. Rich
Senior Vice President - Customer Experience and Technology, Chief Customer Officer
LeeRoy Wells
Senior Vice President
   
Business Overview
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company manages its businesses by the nature of services each provides, and operates principally in three segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan. The Gas Utility segment consists of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan. NorthStar Clean Energy segment consists of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. Its gas transmission, storage, and distribution system consists of over 2,371 miles of transmission lines with 15 gas storage fields with a total storage capacity of 309 billion cubic feet (bcf).
Financial Overview
For the fiscal year ended 31 December 2023, CMS Energy Corporation revenues decreased 13% to $7.46B. Net income applicable to common stockholders excluding extraordinary items increased 10% to $836M. Revenues reflect Electric Utility segment decrease of 12% to $4.75B, Gas Utility segment decrease of 11% to $2.42B. Net Income benefited from Purchased and interchange power decrease of 29% to $1.38B (expense).
Employees: 8,356 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $33,700M as of Mar 31, 2024
Annual revenue (TTM): $7,462M as of Mar 31, 2024
EBITDA (TTM): $2,415M as of Mar 31, 2024
Net annual income (TTM): $836.00M as of Mar 31, 2024
Free cash flow (TTM): -$677.00M as of Mar 31, 2024
Net Debt Last Fiscal Year: $15,416M as of Mar 31, 2024
Shares outstanding: 298,617,929 as of Mar 5, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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