v3.26.1
Earnings Per Share—CMS Energy (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule 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
Three Months EndedSix Months Ended
June 302026202520262025
Income available to common stockholders
Income from continuing operations$96 $193 $373 $488 
Less loss attributable to noncontrolling interests(24)(8)(87)(17)
Less preferred stock dividends3 3 5 5 
Income from continuing operations available to common stockholders – basic and diluted$117 $198 $455 $500 
Average common shares outstanding
Weighted-average shares – basic310.2 298.5 308.3 298.4 
Add dilutive nonvested stock awards0.3 0.6 0.3 0.6 
Add dilutive contingently convertible securities0.3 — 0.3 — 
Weighted-average shares – diluted310.8 299.1 308.9 299.0 
Income from continuing operations per average common share available to common stockholders
Basic$0.38 $0.67 $1.48 $1.68 
Diluted0.37 0.66 1.47 1.67