CMS Energy (CMS) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the prior quarter. However, it decreased when matched against the same quarter a year ago.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter. However, it decreased when matched against the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
-16.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.6B
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 |
|---|---|---|
| Dec 31, 2022 | $2.2B | +8.5% |
| Mar 31, 2023 | $2.2B | -3.0% |
| Jun 30, 2023 | $1.5B | -17.8% |
| Sep 30, 2023 | $1.6B | -16.2% |
Revenue performance
The reported revenue for the quarter shows an upward direction relative to the immediately preceding period.
Quarterly comparison
Compared to the previous quarter, revenue improved, but it was lower than the same quarter one year earlier.
What to watch
The year-over-year decline contrasts with the sequential recovery, warranting attention in future filings.