CMS Energy (CMS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-32.7%
Change from the immediately preceding quarter.
Year-over-year
-17.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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 |
|---|---|---|
| Sep 30, 2022 | $2B | +17.0% |
| Dec 31, 2022 | $2.2B | +8.5% |
| Mar 31, 2023 | $2.2B | -3.0% |
| Jun 30, 2023 | $1.5B | -17.8% |
Revenue performance
Reported revenue moved lower for the quarter, marking a reversal from the growth seen in the two preceding quarters.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and also below the level reported in the same quarter one year earlier.
What to watch
Monitor whether the revenue decline continues in upcoming quarters or stabilizes.