NRG Energy (NRG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same period last year. The sequential improvement reflects a reversal of the prior quarter's decline, while the year-over-year decrease indicates a continued softening compared to the prior year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same period last year. The sequential improvement reflects a reversal of the prior quarter's decline, while the year-over-year decrease indicates a continued softening compared to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.4B
Revenue reported for this quarter.
Quarter-over-quarter
+10.7%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$28.1B
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 |
|---|---|---|
| Jun 30, 2023 | $6.2B | -16.9% |
| Sep 30, 2023 | $7.9B | -6.0% |
| Dec 31, 2023 | $6.7B | -13.0% |
| Mar 31, 2024 | $7.4B | -1.8% |
Revenue performance
Revenue rose from the prior quarter, marking a sequential increase after a decline in the preceding period. The year-over-year comparison shows a contraction, extending the pattern of lower revenue versus the same quarter a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. However, when measured against the same quarter one year ago, revenue was lower.
What to watch
The company's filings highlight uncertainties related to the integration of Vivint Smart Home and the ability to maintain retail market share.