Consolidated Edison (ED) Revenue — Quarter Ended Sep 30, 2023
Revenue increased from the prior quarter but declined compared to the same period last year. The sequential growth was substantial, while the annual comparison showed a decrease.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased from the prior quarter but declined compared to the same period last year. The sequential growth was substantial, while the annual comparison showed a decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+38.9%
Change from the immediately preceding quarter.
Year-over-year
-7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.8B
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 | $4B | +21.8% |
| Mar 31, 2023 | $4.2B | +6.8% |
| Jun 30, 2023 | $2.8B | -18.0% |
| Sep 30, 2023 | $3.9B | -7.4% |
Revenue performance
The reported revenue for the quarter moved higher relative to the immediately preceding three-month period. However, when measured against the same quarter one year earlier, revenue was lower.
Quarterly comparison
Compared to the prior quarter, revenue rose substantially. In contrast, compared to the same quarter a year ago, revenue fell.
What to watch
Given the contrasting sequential and year-over-year trends, the sustainability of the recent revenue improvement warrants attention.