Public Service Enterprise Group (PEG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect a continuation of the upward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect a continuation of the upward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+19.6%
Change from the immediately preceding quarter.
Year-over-year
+62.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.2B
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 | $2.1B | +10.8% |
| Sep 30, 2022 | $2.3B | +19.4% |
| Dec 31, 2022 | $3.1B | +2.7% |
| Mar 31, 2023 | $3.8B | +62.3% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, marking a further acceleration from the prior period's modest increase.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was substantially higher, extending the strong year-over-year growth pattern seen in the trailing twelve months.
What to watch
Monitor whether the sequential revenue growth rate can be sustained in the coming quarters.