CMS Energy Corporation Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Revenue	$ 2,447	$ 2,176
Operating Expenses
Fuel for electric generation	217	156
Purchased power – related parties	18	18
Maintenance and other operating expenses	405	402
Depreciation and amortization	388	368
General taxes	162	155
Total operating expenses	1,953	1,764
Operating Income	494	412
Other Income (Expense)
Non-operating retirement benefits, net	42	44
Other income	14	44
Other expense	(6)	(2)
Total other income	50	86
Interest Charges
Interest on long-term debt	187	172
Allowance for borrowed funds used during construction	(3)	0
Total interest charges	186	177
Income (Loss) Before Income Taxes	358	321
Income Tax Expense	63	58
Net Income	295	263
Loss Attributable to Noncontrolling Interests	(9)	(24)
Net Income	304	287
Preferred Stock Dividends	2	2
Net Income (Loss) Available to Common Stockholders	$ 302	$ 285
Basic Earnings Per Average Common Share (in dollars per share)	$ 1.01	$ 0.96
Diluted Earnings Per Average Common Share (in dollars per share)	$ 1.01	$ 0.96
Related Party
Interest Charges
Other interest expense	$ 3	$ 3
Nonrelated Party
Interest Charges
Other interest expense	(1)
Other interest expense		2
Purchased and interchange power
Operating Expenses
Cost of goods and services sold	380	314
Cost of gas sold
Operating Expenses
Cost of goods and services sold	$ 383	$ 351