CMS Energy (CMS) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose compared with the immediately preceding period, reversing a pattern of sequential declines seen earlier in the year. However, revenue remained lower than the same quarter a year earlier, reflecting a continuing year-over-year contraction.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose compared with the immediately preceding period, reversing a pattern of sequential declines seen earlier in the year. However, revenue remained lower than the same quarter a year earlier, reflecting a continuing year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+13.5%
Change from the immediately preceding quarter.
Year-over-year
-15.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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 |
|---|---|---|
| Mar 31, 2023 | $2.2B | -3.0% |
| Jun 30, 2023 | $1.5B | -17.8% |
| Sep 30, 2023 | $1.6B | -16.2% |
| Dec 31, 2023 | $1.9B | -15.6% |
Revenue performance
The quarter’s revenue grew from the prior quarter, marking the first sequential increase after three consecutive quarterly declines.
Quarterly comparison
Compared with the same period one year ago, revenue was down, extending the year-over-year decline that persisted throughout the fiscal year.
What to watch
The trailing twelve-month revenue total reflects the cumulative impact of the annual downturn, despite the recent quarterly improvement.