v3.26.3
Earnings Per Share—CMS Energy (Tables)
 9 Months Ended
Sep. 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 (loss) from continuing operations:
In Millions, Except Per Share Amounts
Three Months EndedNine Months Ended
September 302026202520262025
Income available to common stockholders
Income (loss) from continuing operations$(91)$272 $282 $760 
Less loss attributable to noncontrolling interests(214)(5)(301)(22)
Less preferred stock dividends2 2 7 7 
Income (loss) from continuing operations available to common stockholders – basic and diluted$121 $275 $576 $775 
Average common shares outstanding
Weighted-average shares – basic312.9 299.7 309.9 298.8 
Add dilutive nonvested stock awards0.2 0.6 0.3 0.6 
Add dilutive forward equity sale contracts— 0.1 — — 
Add dilutive contingently convertible securities0.1 — 0.2 — 
Weighted-average shares – diluted313.2 300.4 310.4 299.4 
Income (loss) from continuing operations per average common share available to common stockholders
Basic$0.39 $0.92 $1.86 $2.59 
Diluted0.39 0.92 1.86 2.59