CenterPoint Energy (CNP) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined compared with both the prior quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend observed over recent quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared with both the prior quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend observed over recent quarters.
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
-0.4%
Change from the immediately preceding quarter.
Year-over-year
-2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.2B
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 |
|---|---|---|
| Dec 31, 2022 | $2.7B | +18.3% |
| Mar 31, 2023 | $2.8B | -1.0% |
| Jun 30, 2023 | $1.9B | -4.4% |
| Sep 30, 2023 | $1.9B | -2.2% |
Revenue performance
Reported revenue moved lower, marking a further contraction from the level seen in the immediately preceding quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower. The sequential decline was smaller than the year-over-year decline.
What to watch
Revenue has declined in each of the last three quarters, suggesting sustained pressure on top-line performance.