Public Service Enterprise Group (PEG) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined sharply from the prior quarter but rose compared with the same quarter a year earlier. The sequential drop followed a period of strong growth in the preceding period.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined sharply from the prior quarter but rose compared with the same quarter a year earlier. The sequential drop followed a period of strong growth in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-35.5%
Change from the immediately preceding quarter.
Year-over-year
+16.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6B
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, 2022 | $2.3B | +19.4% |
| Dec 31, 2022 | $3.1B | +2.7% |
| Mar 31, 2023 | $3.8B | +62.3% |
| Jun 30, 2023 | $2.4B | +16.6% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, reversing the prior period's substantial increase.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, marking a year-over-year increase. The trailing twelve-month revenue remained above the current quarterly figure.
What to watch
The sharp sequential decline warrants attention, especially after the prior quarter's notable gain.