Eversource Energy (ES) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease continued a pattern of falling revenue from the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease continued a pattern of falling revenue from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
-11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.9B
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 | $3.8B | +9.3% |
| Jun 30, 2023 | $2.6B | +2.2% |
| Sep 30, 2023 | $2.8B | -13.2% |
| Dec 31, 2023 | $2.7B | -11.1% |
Revenue performance
Reported revenue decreased from the previous quarter, marking a second consecutive sequential decline.
Quarterly comparison
Revenue was also lower than the same period a year ago, extending the year-over-year contraction seen in the prior quarter.
What to watch
The company experienced year-over-year revenue declines in the last two quarters after two quarters of year-over-year growth earlier in the fiscal year.