v3.26.3
Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenue $ 2,183 $ 2,021 $ 6,742 $ 6,306
Operating Expenses        
Operating Income 47 481 801 1,292
Other Income (Expense)        
Non-operating retirement benefits, net 49 48 150 137
Other income 43 19 100 128
Other expense (5) (5) (13) (16)
Total other income 54 62 204 249
Interest Charges        
Interest on long-term debt 225 204 645 590
Allowance for borrowed funds used during construction (10) (3) (27) (9)
Total interest charges 214 203 627 588
Income (Loss) Before Income Taxes (113) 340 378 953
Income Tax Expense (22) 68 96 193
Net Income 123 277 583 782
Preferred Stock Dividends 2 2 7 7
Net Income (Loss) Available to Common Stockholders 121 275 576 775
Related Party        
Interest Charges        
Interest expense – related parties 2 2 8 8
Consumers Energy Company        
Operating Revenue 2,038 1,913 6,376 6,007
Operating Expenses        
Fuel for electric generation 110 113 340 419
Purchased and interchange power 551 490 1,404 1,219
Purchased power – related parties 16 21 50 69
Cost of gas sold 43 40 659 545
Maintenance and other operating expenses 362 388 1,207 1,137
Depreciation and amortization 288 274 981 925
General taxes 108 104 392 369
Total operating expenses 1,478 1,430 5,033 4,683
Operating Income 560 483 1,343 1,324
Other Income (Expense)        
Non-operating retirement benefits, net 45 44 140 128
Other income 31 15 81 44
Other expense (4) (4) (14) (11)
Total other income 72 55 207 161
Interest Charges        
Interest on long-term debt 150 135 422 388
Allowance for borrowed funds used during construction (10) (3) (27) (8)
Total interest charges 149 145 432 416
Income (Loss) Before Income Taxes 483 393 1,118 1,069
Income Tax Expense 92 79 223 221
Net Income 391 314 895 848
Preferred Stock Dividends 0 0 1 1
Net Income (Loss) Available to Common Stockholders 391 314 894 847
Consumers Energy Company | Related Party        
Interest Charges        
Interest expense – related parties 11 10 37 30
Consumers Energy Company | Nonrelated Party        
Interest Charges        
Other interest expense $ (2) $ 3 $ 0 $ 6