WEC Energy Group (WEC) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased compared to the prior quarter and the same period last year. The declines were reflected in both sequential and year-over-year comparisons.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased compared to the prior quarter and the same period last year. The declines were reflected in both sequential and year-over-year comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-36.6%
Change from the immediately preceding quarter.
Year-over-year
-14.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3B
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 |
|---|---|---|
| Sep 30, 2022 | $2B | +14.7% |
| Dec 31, 2022 | $2.6B | +16.2% |
| Mar 31, 2023 | $2.9B | -0.7% |
| Jun 30, 2023 | $1.8B | -14.0% |
Revenue performance
The reported revenue was lower than the immediate preceding quarter's figures and also below the level of one year earlier.
Quarterly comparison
Sequentially, revenue fell sharply from the previous quarter. On an annual basis, the revenue was also down from the same quarter of the prior year.
What to watch
Monitor whether this revenue decline is a seasonal pattern or a trend that could affect future results.