NiSource (NI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose from the prior quarter, reversing a downward trend seen in recent periods. However, compared to the same quarter one year earlier, revenue was lower, reflecting a year-over-year decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose from the prior quarter, reversing a downward trend seen in recent periods. However, compared to the same quarter one year earlier, revenue was lower, reflecting a year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+37.8%
Change from the immediately preceding quarter.
Year-over-year
-17.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 | $1.9B | +3.0% |
| Jun 30, 2023 | $1.1B | -7.7% |
| Sep 30, 2023 | $1B | -5.3% |
| Dec 31, 2023 | $1.4B | -17.9% |
Revenue performance
The quarter's revenue growth from the immediately preceding quarter marks a positive sequential change. The trailing twelve-month revenue stood at a level consistent with the annual figure.
Quarterly comparison
Sequentially, revenue increased from the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the sequential revenue growth can be sustained in upcoming periods.