Via Renewables posts Q3 net loss of $4.9M; acquires 18,700 RCEs in Florida

Via Renewables, Inc.

2022-Q3 EPS reported $0.70 revenue$343,112,000

Net loss of $4.9M vs net income of $34.7M in Q3 2021; Adjusted EBITDA $15.1M vs $22.0M.
Acquired 18,700 RCE natural gas customer book in Florida with no upfront cost, immediately accretive to EBITDA.
Customer acquisition spend rose to $1.7M from $0.3M; total RCE count 336,000 as of Sept 30, 2022.
Quarterly dividend declared: $0.18125/Class A share and $0.666071/Series A preferred share.
Retail Gross Margin $30.5M vs $30.9M; Gross Profit down largely due to hedge mark-to-market reduction.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Via Renewables, Inc. reported the quarter ended September 30, 2022 results: net income $(4.9) million.

Period: the quarter ended September 30, 2022
Net income: $(4.9) million
Result: reported results

Exact text from the filing

Net Loss for the quarter ended September 30, 2022, was $(4.9) million compared to Net Income of $34.7 million for the quarter ended September 30, 2021.

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Source: SEC EDGAR

accession 0001606268-22-000089

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