CMS Energy (CMS) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter was lower than the same quarter last year. Compared to the immediately preceding quarter, revenue was essentially flat.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter was lower than the same quarter last year. Compared to the immediately preceding quarter, revenue was essentially flat.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
-3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.8B | +21.6% |
| Sep 30, 2022 | $2B | +17.0% |
| Dec 31, 2022 | $2.2B | +8.5% |
| Mar 31, 2023 | $2.2B | -3.0% |
Revenue performance
The reported revenue decreased relative to the same quarter one year earlier. Sequentially, revenue showed no material change from the prior quarter.
Quarterly comparison
Compared to the same quarter one year ago, revenue declined. When measured against the immediately preceding quarter, revenue remained stable.
What to watch
The sequential revenue trend has flattened after several quarters of growth.