NiSource (NI) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the reporting quarter. The drop was steep relative to the immediately preceding quarter and also compared with the same quarter a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the reporting quarter. The drop was steep relative to the immediately preceding quarter and also compared with the same quarter a year earlier.
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
-43.7%
Change from the immediately preceding quarter.
Year-over-year
-7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
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 |
|---|---|---|
| Sep 30, 2022 | $1.1B | +15.2% |
| Dec 31, 2022 | $1.7B | +24.4% |
| Mar 31, 2023 | $1.9B | +3.0% |
| Jun 30, 2023 | $1.1B | -7.7% |
Revenue performance
Revenue for the quarter was lower than in the prior quarter, reflecting a substantial decrease. It also fell short of the level achieved in the same quarter one year ago.
Quarterly comparison
Compared with the preceding quarter, revenue contracted sharply. When measured against the same quarter of the prior year, revenue was also lower.
What to watch
Monitor whether the sharp sequential revenue decline stabilizes in the coming quarters.