CenterPoint Energy (CNP) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter decreased from both the prior quarter and the same quarter last year. The sequential decline followed a rise in the previous quarter, while the year-over-year decline was smaller than the sequential drop.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter decreased from both the prior quarter and the same quarter last year. The sequential decline followed a rise in the previous quarter, while the year-over-year decline was smaller than the sequential drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-3.0%
Change from the immediately preceding quarter.
Year-over-year
-0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
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, 2023 | $2.1B | -20.9% |
| Mar 31, 2024 | $2.6B | -6.0% |
| Jun 30, 2024 | $1.9B | +1.8% |
| Sep 30, 2024 | $1.8B | -0.8% |
Revenue performance
The reported revenue direction was down, marking a reversal from the prior quarter's increase. The magnitude of the decline was greater sequentially than on an annual basis.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. When measured against the same quarter one year earlier, revenue was also lower, though the year-over-year decline was less pronounced than the sequential change.
What to watch
Monitor whether the sequential revenue decline continues or stabilizes given the mixed direction across the recent four quarters.