NiSource (NI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the current quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decline from the prior quarter was more pronounced than the slight year-over-year decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the current quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decline from the prior quarter was more pronounced than the slight year-over-year decrease.
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
-35.8%
Change from the immediately preceding quarter.
Year-over-year
-1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
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 |
|---|---|---|
| Sep 30, 2023 | $1B | -5.3% |
| Dec 31, 2023 | $1.4B | -17.9% |
| Mar 31, 2024 | $1.6B | -13.3% |
| Jun 30, 2024 | $1.1B | -1.2% |
Revenue performance
Reported revenue decreased sharply from the preceding quarter and also fell modestly from the same quarter a year ago. The sequential drop was substantially larger than the year-over-year change.
Quarterly comparison
When compared with the immediately preceding quarter, revenue was lower. When compared with the same quarter one year earlier, revenue also declined, though the year-over-year decrease was much smaller than the sequential decline.
What to watch
The sequential revenue decline merits attention given its magnitude relative to the prior quarter's level.