Eversource Energy (ES) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company reported higher revenue than in the immediately preceding period and also exceeded the level from one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company reported higher revenue than in the immediately preceding period and also exceeded the level from one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+25.3%
Change from the immediately preceding quarter.
Year-over-year
+9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.6B
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 |
|---|---|---|
| Jun 30, 2022 | $2.6B | +21.2% |
| Sep 30, 2022 | $3.2B | +32.2% |
| Dec 31, 2022 | $3B | +22.1% |
| Mar 31, 2023 | $3.8B | +9.3% |
Revenue performance
The reported revenue rose from the previous quarter, continuing an upward trend seen in recent periods. Compared with the same quarter a year ago, revenue was also higher.
Quarterly comparison
Revenue in this quarter was above the immediately preceding quarter and also above the same quarter one year earlier. The sequential and year-over-year comparisons both show an increase.
What to watch
The filing context does not provide specific factors for the revenue change; monitor future filings for any underlying drivers.