Via Renewables Inc - VIASP STOCK NEWS

Via Renewables, Inc. plans to present its third quarter 2023 financial results in a conference call and webcast on November 2, 2023. A live webcast can be accessed from the Investor Relations website.

Via Renewables declares quarterly cash dividend on Series A Preferred Stock

Via Renewables, Inc. reported $19.1 million in Net Income and $12.0 million in Adjusted EBITDA for Q2 2023. Total RCE count increased to 346,000. Total liquidity is $86.3 million. Gross Profit increased to $45.5 million. Retail Gross Margin increased to $30.7 million. The company declared a dividend of $0.75922 per share for Series A Preferred Stock. Via Renewables aims to strengthen its balance sheet and increase liquidity. Conference call to discuss results on August 3, 2023.

Via Renewables, an independent retail energy services company, will present its second quarter 2023 financial results in a conference call and webcast on August 3, 2023. The webcast can be accessed from the Via Renewables Investor Relations website.

Via Renewables, Inc. reported financial results for Q1 2023, with a net loss of $6.8 million and adjusted EBITDA of $18.8 million. The company achieved $14.4 million in gross profit and expanded retail gross margin to $40.3 million. Total RCE count increased to 339,000, and liquidity stood at $75.4 million. Via Renewables declared a dividend for Series A Preferred Stock but suspended the cash dividend on common stock. The company aims to enhance financial flexibility and prioritize shareholders' interests.

Via Renewables is set to present its first quarter 2023 financial results on May 4, 2023, at 10:00 AM Central via a conference call and webcast. Investors can access the live session through the Events & Presentations section on their Investor Relations website, with a replay available for twelve months post-event. Founded in 1999 and headquartered in Houston, Texas, Via Renewables provides competitive energy services, operating in 20 states and serving 103 utility territories. The company offers various energy solutions, including green alternatives, to its residential and commercial customers.

Via Renewables (NASDAQ: VIA, VIASP) announced on April 19, 2023, the temporary suspension of its quarterly cash dividend on common stock to enhance financial flexibility amidst market volatility. This decision aims to strengthen the company’s balance sheet and support customer growth.

The CEO, Keith Maxwell, expressed confidence in the company’s future and the commitment to reinstating dividends when market conditions permit. Additionally, the Board declared a quarterly cash dividend of $0.73989 per share on the Series A Preferred Stock, to be paid on July 17, 2023 to shareholders on record as of July 1, 2023.

Via Renewables (NASDAQ:VIA, VIASP) reported its financial results for 2022, showing a net income of $11.2 million, a significant turnaround from a net loss of $(5.4) million in 2021. The company's gross profit increased to $103.4 million, while adjusted EBITDA fell to $51.8 million from $80.7 million. In Q4, the company faced a net loss of $(27.5) million mainly due to a $37.9 million mark-to-market loss on hedges. Despite the challenges, liquidity stood strong at $76.9 million. The company is optimistic about growth in 2023, citing competitive offerings and opportunities from recent utility rate hikes.