CMS Energy
-1.9 %
19.17 %
Yet to be announced
Company Overview
CMS Energy Corporation operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers.
Revenue Sources
PassBased on reviewing CMS Energy's operations and revenue sources, the company's primary revenue streams come from regulated utility services - electricity and natural gas distribution and generation. These core business activities are halal as they provide essential energy services and involve the exchange of real products and services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $2.45b | $2.14b | - | $187.0m | 0.00% | 8.74% |
| Dec. 31, 2024 | $1.99b | $1.74b | - | $180.0m | 0.00% | 10.32% |
| Sept. 30, 2024 | $1.74b | $1.55b | - | $178.0m | 0.00% | 11.45% |
| June 30, 2024 | $1.61b | $1.5b | - | $173.0m | 0.00% | 11.56% |
Analyzing the last four quarters: Interest expense ranged between $172-178 million per quarter, while total expenses ranged from $1.49-1.94 billion. The interest expense to total expense ratio consistently exceeded 5% across all quarters, indicating that interest plays a material role in the company's operations.
Operational Ethics
PassAfter reviewing available public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in Michigan, United States.
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