NRG Energy (NRG) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased sharply from the previous quarter, reversing the downward trend seen earlier in the year. However, revenue declined compared to the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased sharply from the previous quarter, reversing the downward trend seen earlier in the year. However, revenue declined compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.9B
Revenue reported for this quarter.
Quarter-over-quarter
+26.5%
Change from the immediately preceding quarter.
Year-over-year
-6.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.3B
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 |
|---|---|---|
| Dec 31, 2022 | $7.7B | +8.1% |
| Mar 31, 2023 | $7.5B | -5.9% |
| Jun 30, 2023 | $6.2B | -16.9% |
| Sep 30, 2023 | $7.9B | -6.0% |
Revenue performance
The sequential increase reflects a strong rebound from the prior quarter. Despite the year-over-year decline, this quarter's revenue was the highest in the trailing year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was significantly higher. Compared to the same quarter one year earlier, revenue was lower.
What to watch
The sustainability of the sequential revenue recovery is a key watch item, given the ongoing year-over-year decline.