FIRSTENERGY (FE) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the same period last year and showed a slight sequential improvement.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the same period last year and showed a slight sequential improvement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
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 |
|---|---|---|
| Jun 30, 2022 | $2.8B | +7.5% |
| Sep 30, 2022 | $3.5B | +11.2% |
| Dec 31, 2022 | $3.2B | +19.4% |
| Mar 31, 2023 | $3.2B | +8.1% |
Revenue performance
The reported revenue reflects growth on both a year-over-year and sequential basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Compared to the same quarter a year earlier, revenue posted a solid increase.
What to watch
Future revenue trends will be important to monitor given the modest sequential gain.