WEC Energy Group (WEC) Revenue — Quarter Ended Dec 31, 2023
Revenue in the reported quarter increased compared to the preceding quarter but declined from the same quarter one year earlier. The sequential improvement reflects a reversal from the prior quarter's lower level, while the year-over-year decrease indicates a weaker performance relative to the same period in the prior year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue in the reported quarter increased compared to the preceding quarter but declined from the same quarter one year earlier. The sequential improvement reflects a reversal from the prior quarter's lower level, while the year-over-year decrease indicates a weaker performance relative to the same period in the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+13.3%
Change from the immediately preceding quarter.
Year-over-year
-13.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.9B
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 | $2.9B | -0.7% |
| Jun 30, 2023 | $1.8B | -14.0% |
| Sep 30, 2023 | $2B | -2.3% |
| Dec 31, 2023 | $2.2B | -13.3% |
Revenue performance
The reported revenue direction is upward sequentially after a decline in the immediately preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, reversing the prior quarter's decrease. When measured against the same quarter one year earlier, revenue was lower, consistent with the negative year-over-year change shown in the trend data.
What to watch
Monitor whether the sequential revenue growth can be sustained in future quarters given the ongoing year-over-year decline.