Via Renewables reports Q3 net income of $14.7M vs year-ago loss; Adjusted EBITDA $12.8M

Via Renewables, Inc.

2023-Q3 EPS reported $2.29 revenue$333,490,000

Net income $14.7M versus net loss of $(4.9)M in Q3 2022, driven by mark-to-market on hedges.
Adjusted EBITDA decreased to $12.8M from $15.1M YoY on lower Retail Electricity Gross Margin and higher G&A expense.
Retail Gross Margin $31.9M vs $30.5M; Natural Gas segment improved, Electric segment volumes declined but unit margins rose.
Added approx 24,000 RCEs organically in Q3 (vs 10,000 in Q3 2022); attrition improved to 3.1% from 4.0%.
Common dividend remains suspended; Series A preferred dividend of $0.76459 declared, payable Jan 16, 2024.

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 0.95

Via Renewables, Inc. reported quarter ended September 30, 2023 results: net income $14.7 million.

Period: quarter ended September 30, 2023
Net income: $14.7 million
Result: reported results

Exact text from the filing

Net Income for the quarter ended September 30, 2023, was $14.7 million compared to Net Loss of $(4.9) million for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001654954-23-013708

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