Eversource Energy (ES) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased markedly from the preceding quarter, but was slightly higher than the same quarter one year ago. The decline reversed the strong sequential growth seen in the prior period while maintaining a modest year-over-year increase.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased markedly from the preceding quarter, but was slightly higher than the same quarter one year ago. The decline reversed the strong sequential growth seen in the prior period while maintaining a modest year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-30.7%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.7B
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 |
|---|---|---|
| Sep 30, 2022 | $3.2B | +32.2% |
| Dec 31, 2022 | $3B | +22.1% |
| Mar 31, 2023 | $3.8B | +9.3% |
| Jun 30, 2023 | $2.6B | +2.2% |
Revenue performance
The reported revenue for the quarter showed a material decline, dropping sharply compared to the immediately preceding quarter.
Quarterly comparison
On a sequential basis, revenue fell sharply from the prior quarter. On a year-over-year basis, revenue edged higher relative to the same quarter last year.
What to watch
The sequential revenue decline warrants attention given the preceding quarter had shown strong growth.