Consumers Energy Reports $8.1 Billion Revenue and $1.1 Billion Net Income for Fiscal Year 2025

Consumers Energy Company reported a consolidated operating revenue of $8.1 billion for the fiscal year ending December 31, 2025, marking a significant increase from $7.2 billion in 2024. The company's net income available to common stockholders rose to $1.1 billion, or $3.53 per diluted share, compared to $993 million, or $3.33 per diluted share, in the previous year. This growth in revenue and profitability was primarily driven by higher gas and electric sales, attributed to favorable weather conditions and approved rate increases.

In 2025, Consumers Energy served approximately 1.9 million electric customers and 1.8 million gas customers, maintaining a stable customer base. The company reported electric deliveries of 37 billion kilowatt-hours (kWh), a slight increase from 36.8 billion kWh in 2024. Additionally, gas deliveries totaled 396 billion cubic feet (Bcf), up from 362 Bcf in the prior year. The increase in customer deliveries and sales volume contributed to the overall revenue growth.

Strategically, Consumers Energy made significant operational changes, including the acquisition of the Covert Generating Station, which added 1,200 megawatts (MW) of capacity to its portfolio. The company also advanced its renewable energy initiatives, with plans to incorporate up to 9,000 MW of solar and 4,000 MW of wind energy resources by 2035. These efforts align with Michigan's 2023 Energy Law, which mandates a transition to 60% renewable energy by 2035 and 100% clean energy by 2040.

The company faced challenges related to regulatory matters, particularly concerning the retirement of the J.H. Campbell coal-fueled generating units, which is subject to emergency orders from the U.S. Secretary of Energy. These orders require continued operation through February 2026, impacting the company's operational strategy and financial planning. Consumers Energy is actively pursuing cost recovery for compliance with these orders through regulatory channels.

Looking ahead, Consumers Energy anticipates continued growth in electric demand, driven by factors such as data center expansion and overall economic conditions in Michigan. The company expects weather-normalized electric deliveries to increase over the next five years, although this growth may be partially offset by energy waste reduction programs. The ongoing focus on infrastructure investments and regulatory compliance will be critical as Consumers Energy aims to enhance reliability and meet its sustainability goals.