Form 10-Q · Quarterly report
CMS Energy 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0000811156
- Accession no.
- 0000811156-26-000028
Summary
CMS Energy's board approved a plan to divest certain renewable projects owned by NorthStar Clean Energy and to exit non-utility renewables development, and the company has started a sales process for the mostly non-Michigan projects. CMS Energy expects to classify the related assets and liabilities as held for sale in the third quarter of 2026 and said a material impairment charge could be recorded then.
Key points
- CMS Energy's board approved the plan on July 22, 2026, and the company has begun a sales process for the primarily non-Michigan renewable projects.
- CMS Energy expects to classify the related assets and liabilities as held for sale in the third quarter of 2026, since held-for-sale criteria were not met as of June 30, 2026.
- The company said it could record a material impairment charge in the third quarter of 2026 if fair value less costs to sell is below carrying value, and expects to complete the divestment within 12 months subject to regulatory approvals.
- CMS Energy and Consumers reported no material changes to market risk, risk factors, or internal control over financial reporting, and repurchased 125 common shares in the quarter at an average price of $73.27 to satisfy tax withholding on vested shares.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations See Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Form 10‑Q beginning on page 16. Item 3. Quantitative and Qualitative Disclosures About Market Risk There have been no material changes to market risk as previously disclosed in Part II—Item 7A. Quantitative and Qualitative Disclosures About Market Risk, in the 2025 Form 10‑K. Item 4. …
An excerpt of the text as filed with the SEC, cut for length.
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