Via Renewables Q1 net income $19.1M vs loss; acquires ~12,500 RCEs

Via Renewables, Inc.

2024-Q1 EPS reported $1.81 revenue$114,056,000

Net income $19.1M vs net loss $(6.8M) in Q1 2023; driven by mark-to-market hedge gains.
Adjusted EBITDA $15.1M vs $18.8M prior year; lower retail gross margins offset.
Retail Gross Margin $35.7M vs $40.3M; lower natural gas volumes and unit margins.
Total RCEs 338,000, up from 335,000; average monthly attrition 3.9%.
Agreed to acquire ~12,500 RCEs in existing markets, accretive from Q2 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 0.9

Via Renewables, Inc. reported the quarter ended March 31, 2024 results: net income $19.1 million.

Period: the quarter ended March 31, 2024
Net income: $19.1 million
Result: reported results

Exact text from the filing

Net Income for the quarter ended March 31, 2024, was $19.1 million compared to Net Loss of $(6.8) million for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001654954-24-005427

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