Market cap
$21.5bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
For the six months ended June 30, 2026, CMS Energy’s net income available to common stockholders was $455 million and diluted EPS were $1.47. During the six months ended June 30, 2026, electric and gas rate increases and higher earnings at NorthStar Clean Energy were offset by the absence of gains on extinguishment of debt, higher service restoration costs, and increased depreciation and property taxes, reflecting higher capital spending. On a corrected basis, Consumers’ rate increase reflected in the MPSC’s order was $217 million, with no change to the total revenue requirement, approved costs, or customer rates. …CMS ENERGY CORP, 10-Q, period ended 2026-06-30, filed 2026-07-28