Alliant Energy (LNT) Revenue — Quarter Ended Sep 30, 2023
Alliant Energy reported revenue growth from the previous quarter, reversing the decline seen in the prior period. However, revenue was lower compared to the same quarter one year earlier, reflecting a mixed performance.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Alliant Energy reported revenue growth from the previous quarter, reversing the decline seen in the prior period. However, revenue was lower compared to the same quarter one year earlier, reflecting a mixed performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+18.1%
Change from the immediately preceding quarter.
Year-over-year
-5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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 | $1.1B | +14.1% |
| Mar 31, 2023 | $1.1B | +0.8% |
| Jun 30, 2023 | $912M | -3.3% |
| Sep 30, 2023 | $1.1B | -5.1% |
Revenue performance
Revenue for the quarter increased sequentially, marking a recovery from the preceding quarter's decrease. This positive movement contrasts with the year-over-year decline, indicating a quarter-specific rebound.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose sharply. However, when compared to the same quarter a year earlier, revenue was down.
What to watch
The sustainability of this sequential revenue improvement is worth monitoring given the year-over-year decline and the recent volatility in quarterly revenues.