NRG Energy (NRG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential comparison shows stability, while the year-over-year comparison indicates a contraction.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential comparison shows stability, while the year-over-year comparison indicates a contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
-5.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$31B
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 | $7.5B | +41.9% |
| Sep 30, 2022 | $8.4B | +28.8% |
| Dec 31, 2022 | $7.7B | +8.1% |
| Mar 31, 2023 | $7.5B | -5.9% |
Revenue performance
Revenue remained unchanged from the prior quarter, suggesting a plateau in the near term. However, the decline from the same quarter last year points to a weaker performance on an annual basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly identical, indicating no material change. Versus the same quarter one year earlier, revenue was lower, reflecting a year-over-year decrease.
What to watch
Monitor whether the year-over-year revenue decline persists or reverses in upcoming quarters.