Eversource Energy (ES) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased from the immediately preceding period but declined compared to the same quarter a year earlier. The sequential growth reversed the prior quarter's direction, while the year-over-year drop continued a trend of lower sales volumes.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased from the immediately preceding period but declined compared to the same quarter a year earlier. The sequential growth reversed the prior quarter's direction, while the year-over-year drop continued a trend of lower sales volumes.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
+6.2%
Change from the immediately preceding quarter.
Year-over-year
-13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
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 | $3B | +22.1% |
| Mar 31, 2023 | $3.8B | +9.3% |
| Jun 30, 2023 | $2.6B | +2.2% |
| Sep 30, 2023 | $2.8B | -13.2% |
Revenue performance
Reported revenue moved higher sequentially after a smaller increase in the prior quarter. The year-over-year comparison was negative, reflecting a decrease from the same period one year earlier.
Quarterly comparison
Compared with the preceding quarter, revenue rose, reversing the pattern of a modest sequential gain. Versus the same quarter one year ago, revenue was lower, consistent with a prior decline.
What to watch
Electric sales volumes decreased year-over-year for the reporting period, though the revenue impact was mitigated by a decoupling mechanism.