CenterPoint Energy (CNP) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the prior quarter. Versus the same quarter last year, revenue declined.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter. Versus the same quarter last year, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3B
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 | $2B | +14.2% |
| Sep 30, 2022 | $1.9B | +9.5% |
| Dec 31, 2022 | $2.7B | +18.3% |
| Mar 31, 2023 | $2.8B | -1.0% |
Revenue performance
The reported revenue for this quarter was higher than the immediately preceding quarter, reversing the prior period's downward trend.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower. This contrasts with the sequential improvement seen from the previous quarter.
What to watch
Revenue in the trailing twelve months was below total for the prior fiscal year, indicating a broader softening at the annual level.