Spark Energy Q2 Adjusted EBITDA drops 39% to $14.4M; net income $24.8M vs $26.8M

Via Renewables, Inc.

2021-Q2 EPS reported -$0.07 revenue$195,200,000

Net income $24.8M, down from $26.8M YoY; Adjusted EBITDA $14.4M vs $23.8M YoY.
Retail Gross Margin $26.4M, down 41% from $45.0M YoY due to lower customer count.
Entered into four agreements to acquire ~56,900 RCEs; post-quarter another ~50,000.
Board declared quarterly common dividend of $0.18125/share (unchanged) and preferred dividend.
Proposing name change to VIA Renewables at special shareholder meeting Aug 6.

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