CenterPoint Energy (CNP) Revenue — Quarter Ended Dec 31, 2023
Revenue in the quarter increased compared to the immediately preceding quarter, marking a sequential improvement. However, it was lower than the same quarter one year earlier, reflecting a year-over-year decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue in the quarter increased compared to the immediately preceding quarter, marking a sequential improvement. However, it was lower than the same quarter one year earlier, reflecting a year-over-year decline.
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
+13.5%
Change from the immediately preceding quarter.
Year-over-year
-20.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.6B
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 |
|---|---|---|
| Mar 31, 2023 | $2.8B | -1.0% |
| Jun 30, 2023 | $1.9B | -4.4% |
| Sep 30, 2023 | $1.9B | -2.2% |
| Dec 31, 2023 | $2.1B | -20.9% |
Revenue performance
The sequential growth reversed the declines seen in the prior two quarters, indicating a potential stabilization. Despite the uptick, the revenue remained below the year-ago level.
Quarterly comparison
Compared to the prior quarter, revenue rose, breaking a pattern of consecutive decreases. Versus the same quarter last year, revenue was down, continuing a year-over-year decline.
What to watch
Future quarters will show whether the sequential improvement can be sustained and if the year-over-year gap can narrow.