Alliant Energy (LNT) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to the preceding quarter but decreased relative to the same quarter last year. The sequential growth was partly supported by rate adjustments noted in the filing, while the year-over-year comparison showed a decline.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to the preceding quarter but decreased relative to the same quarter last year. The sequential growth was partly supported by rate adjustments noted in the filing, while the year-over-year comparison showed a decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+7.3%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
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, 2023 | $912M | -3.3% |
| Sep 30, 2023 | $1.1B | -5.1% |
| Dec 31, 2023 | $961M | -9.2% |
| Mar 31, 2024 | $1B | -4.3% |
Revenue performance
The reported revenue moved higher sequentially, reflecting improvement from the prior three-month period. However, the figure was lower than the corresponding period a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Versus the same quarter one year ago, revenue declined.
What to watch
Monitor whether the sequential revenue improvement can be sustained amid the year-over-year decline.