NiSource (NI) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The improvement reflects higher revenues in the period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The improvement reflects higher revenues in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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 | $1.2B | +21.4% |
| Sep 30, 2022 | $1.1B | +15.2% |
| Dec 31, 2022 | $1.7B | +24.4% |
| Mar 31, 2023 | $1.9B | +3.0% |
Revenue performance
Revenue growth was driven by higher operating revenues. The company reported a rise in total revenue.
Quarterly comparison
Sequentially, revenue rose from the immediately preceding quarter. On an annual basis, revenue was also above the comparable period a year earlier.
What to watch
The trend of revenue growth will be a key factor to monitor in future filings.