PPL (PPL) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The company's regulated utility operations continue to generate the vast majority of its revenue.
Key takeaway
Quarter ended Dec 31, 2023 · FY2021 Q4
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The company's regulated utility operations continue to generate the vast majority of its revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
-10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
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 |
|---|---|---|
| Mar 31, 2023 | $2.4B | +40.0% |
| Jun 30, 2023 | $1.8B | +10.4% |
| Sep 30, 2023 | $2B | -6.4% |
| Dec 31, 2023 | $2B | -10.3% |
Revenue performance
Revenue decreased from the preceding quarter, reflecting a sequential downturn. The year-over-year comparison also showed a decline, extending the downward trend from the same period last year.
Quarterly comparison
Compared with the prior quarter, revenue was lower. Relative to the same quarter a year ago, revenue also contracted, marking a sharper annual decline.
What to watch
Monitor the trajectory of quarterly revenue changes, as the company continues to navigate its operational and regulatory environment.