Via Renewables reports Q1 net loss of $6.8M; Adjusted EBITDA up 74% to $18.8M; common dividend suspended

Via Renewables, Inc.

2023-Q1 EPS reported -$1.26 revenue$131,852,000

Net loss of $6.8M in Q1 2023 vs net income of $31.0M in Q1 2022; decrease driven by $54.6M reduction in mark-to-market on hedges.
Adjusted EBITDA of $18.8M, up 74% YoY from $10.8M, driven by higher power and natural gas gross margins.
Retail Gross Margin of $40.3M, up $11.5M YoY; Gross Profit of $14.4M down from $58.5M due to hedges.
RCE count grew to 339,000 from 331,000 at year-end 2022; expanded to total 20 deregulated states.
Common stock dividend suspended; preferred dividend of $0.73989/share declared for Q1, payable July 17.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Via Renewables, Inc. reported the quarter ended March 31, 2023 results: net income $(6.8) million.

Period: the quarter ended March 31, 2023
Net income: $(6.8) million
Result: reported results

Exact text from the filing

Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ: VIA, VIASP), an independent retail energy services company, today reported financial results for the quarter ended March 31, 2023.

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Via Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-005759

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