CMS Energy (CMS) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased sequentially, continuing a pattern of sequential growth over the past several quarters. However, revenue remained below the level reported for the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased sequentially, continuing a pattern of sequential growth over the past several quarters. However, revenue remained below the level reported for the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+15.3%
Change from the immediately preceding quarter.
Year-over-year
-4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.2B
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, 2023 | $1.5B | -17.8% |
| Sep 30, 2023 | $1.6B | -16.2% |
| Dec 31, 2023 | $1.9B | -15.6% |
| Mar 31, 2024 | $2.1B | -4.6% |
Revenue performance
The sequential revenue improvement reflects ongoing quarter-over-quarter momentum.
Quarterly comparison
Compared to the prior quarter, revenue was higher; compared to the same quarter a year ago, revenue was lower.
What to watch
Watch whether the year-over-year gap continues to close as the sequential growth trend persists.