Public Service Enterprise Group (PEG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter rose compared to the immediately preceding quarter but fell substantially compared to the same quarter one year earlier. The sequential increase reversed a prior pattern of year-over-year gains, which had been positive for the three preceding quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter rose compared to the immediately preceding quarter but fell substantially compared to the same quarter one year earlier. The sequential increase reversed a prior pattern of year-over-year gains, which had been positive for the three preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.1%
Change from the immediately preceding quarter.
Year-over-year
-17.0%
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 |
|---|---|---|
| Mar 31, 2023 | $3.8B | +62.3% |
| Jun 30, 2023 | $2.4B | +16.6% |
| Sep 30, 2023 | $2.5B | +8.1% |
| Dec 31, 2023 | $2.6B | -17.0% |
Revenue performance
The quarter's revenue increased from the prior quarter, yet the year-over-year comparison showed a sharp decline. This marks the first year-over-year decrease after three consecutive quarters of growth.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. However, compared to the same quarter one year earlier, revenue was markedly lower, reversing the positive year-over-year trends seen in earlier quarters.
What to watch
The shift from consistent year-over-year growth to a decline in the reported quarter is a notable change in revenue trajectory.