earnings
confidence high
sentiment neutral
materiality 0.70
Via Renewables swings to Q1 net income of $31M; Adj EBITDA drops to $10.8M
Via Renewables, Inc.
2022-Q1 EPS reported
$0.70
revenue$127,154,000
- Net income of $31.0M vs net loss of $(27.6)M in Q1 2021, aided by absence of winter storm Uri impact.
- Adjusted EBITDA of $10.8M vs $32.7M year-over-year; lower power and gas unit margins cited.
- Retail Gross Margin $28.8M vs $50.0M; RCE count 387,000; monthly attrition improved to 3.7% from 4.2%.
- Declared quarterly common dividend of $0.18125/share (payable June 15) and preferred $0.476393/share (July 15).
- Total liquidity of $96.0M as of March 31, 2022.