Earnings Per Share - CMS Energy (Tables)

12 Months Ended

Dec. 31, 2024

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 31	2024			2023			2022
Income available to common stockholders
Income from continuing operations		$	947		$	807		$	809
Less loss attributable to noncontrolling interests		(56)			(79)			(24)
Less preferred stock dividends		10			10			10
Income from continuing operations available to common stockholders – basic and diluted		$	993		$	876		$	823
Average common shares outstanding
Weighted-average shares – basic		297.6			291.2			289.5
Add dilutive nonvested stock awards		0.7			0.5			0.3
Add dilutive forward equity sale contracts		—			—			0.2
Weighted-average shares – diluted		298.3			291.7			290.0
Income from continuing operations per average common share available to common stockholders
Basic		$	3.34		$	3.01		$	2.84
Diluted		3.33			3.01			2.84