secwatch.observer — SEC 8-K summary
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Issuer:     Via Renewables, Inc. (VIASP)
CIK:        0001606268
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001654954-23-005759
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606268/000165495423005759/0001654954-23-005759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606268/000165495423005759/via_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005759

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