CMS Energy updates ATM equity program; $492.3M shares remain available for sale

CMS ENERGY CORP

Filed updated prospectus supplement for at-the-market offering of up to $1B in common stock.
As of Feb 11, 2026, $507.7M already sold under previous supplement; $492.3M remain available.
Shares may be sold via forward sale agreements; CMS expects to receive proceeds only upon physical settlement.
Offering is part of ongoing capital management; CMS has no obligation to sell remaining shares.

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