FIRSTENERGY (FE) Revenue — Quarter Ended Dec 31, 2023
Revenue decreased in the reported period compared to both the prior period and the same period a year earlier. The sequential decline was larger than the year-over-year decrease.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue decreased in the reported period compared to both the prior period and the same period a year earlier. The sequential decline was larger than the year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-9.8%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.9B
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 | $3.2B | +8.1% |
| Jun 30, 2023 | $3B | +6.7% |
| Sep 30, 2023 | $3.5B | +0.3% |
| Dec 31, 2023 | $3.1B | -1.0% |
Revenue performance
The revenue for this period moved lower. The decrease was more pronounced on a sequential basis compared to the year-over-year change.
Quarterly comparison
Revenue was lower than in the immediately preceding period. It also decreased compared to the same period one year ago, but at a more modest rate.
What to watch
Monitoring whether revenue can stabilize or improve in the coming periods will be key.