Consolidated Edison (ED) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The drop reflects a continued downward trend from the prior period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The drop reflects a continued downward trend from the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-5.9%
Change from the immediately preceding quarter.
Year-over-year
-8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
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 |
|---|---|---|
| Mar 31, 2023 | $4.2B | +6.8% |
| Jun 30, 2023 | $2.8B | -18.0% |
| Sep 30, 2023 | $3.9B | -7.4% |
| Dec 31, 2023 | $3.6B | -8.2% |
Revenue performance
Reported revenue for this quarter was lower than the immediately preceding quarter, extending a pattern of sequential decline seen in earlier periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, marking the largest year-over-year decrease among the four quarters shown.
What to watch
The weak year-over-year and sequential comparisons warrant attention to future filings for stabilization or reversal signals.