Highest-materiality recent filing
Redemption price of $25.00 per share plus $0.59928 per share in accumulated dividends.
Via Renewables enters $300M senior secured revolving credit facility, replaces prior agreement
New $300M revolving credit facility with Bank OZK as agent, matures May 6, 2029.
Via Renewables ups senior credit facility to $250M
Senior secured borrowing base credit facility increased to $250.0 million on June 25, 2025.
Via Renewables launches tender offer for up to 800,000 Series A Preferred shares at $22.50/share
Tender offer to purchase up to 800,000 shares (~22.4% of outstanding) of 8.75% Series A Preferred Stock at $22.50/share cash.
Via Renewables amends credit agreement: revolver increased to $205M, maturity extended to 2027
Borrowing capacity raised to $205M on a revolving basis; maturity extended to June 30, 2027.
Via Renewables Announces Optional Conversion Rights for Series A Preferred Stock at $8.07 Per Share
Conversion right triggered by change of control from merger closed June 13, 2024, with Retailco LLC acquiring over 75% voting power.
Via Renewables closes $11.00/share cash merger with Maxwell; shares to be delisted
Merger effective June 13, 2024; public Class A stockholders receive $11.00 per share cash.
Via Renewables shareholders approve merger with Retailco; closing expected by end of Q2 2024
Merger Proposal approved by 83.3% of outstanding common shares and 51.0% of minority shareholders (excluding Maxwell and insiders).
Via Renewables adjourns special meeting to June 7; needs more minority votes for merger approval
Over 81% of total shares voted FOR merger proposal, but minority vote threshold (majority of minority) not met: only 44% of minority shares voted FOR.
Via Renewables Q1 net income $19.1M vs loss; acquires ~12,500 RCEs
Net income $19.1M vs net loss $(6.8M) in Q1 2023; driven by mark-to-market hedge gains.
Via Renewables Q4 Net Loss $0.9M, Full Year Net Income $26.1M; Adjusted EBITDA up YoY
Q4 net loss $0.9M vs $27.5M loss a year ago, with $6.2M mark-to-market hedges loss.
Via Renewables to be taken private at $11.00/shr by CEO Maxwell's entity Retailco
Retailco, owned by CEO/Chairman Maxwell, will acquire all VIA Class A common not held by Maxwell for $11.00 cash per share.
Via Renewables reports Q3 net income of $14.7M vs year-ago loss; Adjusted EBITDA $12.8M
Net income $14.7M versus net loss of $(4.9)M in Q3 2022, driven by mark-to-market on hedges.
Via Renewables Q2 2023 Net Income $19.1M vs $12.5M a year ago
Adjusted EBITDA $12.0M in Q2 2023 vs $13.3M in Q2 2022; Retail Gross Margin $30.7M (+$7.0M YoY).
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.
Board temporarily suspends quarterly cash dividend on Class A common stock to enhance financial flexibility and strengthen balance sheet.
Q4 net loss $(27.5)M vs $(37.3)M loss in Q4 2021; adjusted EBITDA $12.6M vs $11.6M.
Via Renewables shareholders approve 1-for-5 reverse stock split effective March 21
Shareholders approved reverse split at special meeting March 20, 2023: 27,416,243 for, 4,320,584 against, 143,336 abstain.
Preliminary Q4 2022: Net Loss $(27.5)M, Adjusted EBITDA $12.6M, Retail Gross Margin $31.9M.
Via Renewables reschedules Q4/FY2022 earnings due to 10-K delay; no change to key metrics expected
Rescheduled earnings release and conference call due to delay in finalizing Form 10-K for year ended Dec 31, 2022.
Via Renewables posts Q3 net loss of $4.9M; acquires 18,700 RCEs in Florida
Net loss of $4.9M vs net income of $34.7M in Q3 2021; Adjusted EBITDA $15.1M vs $22.0M.
Via Renewables Q2 net income falls to $12.5M from $24.8M; new $195M credit facility
Net income $12.5M vs $24.8M YoY; Adjusted EBITDA $13.3M vs $14.4M.
Via Renewables closes $195M senior secured credit facility, replaces prior $227.5M facility
New three-year $195M revolving facility (plus $55M accordion) matures June 30, 2025.
Via Renewables swings to Q1 net income of $31M; Adj EBITDA drops to $10.8M
Net income of $31.0M vs net loss of $(27.6)M in Q1 2021, aided by absence of winter storm Uri impact.
Via Renewables Q4 2021 net loss $35.8M; full-year Adjusted EBITDA $80.7M
Q4 net loss $35.8M vs net income $8.8M in Q4 2020, driven by record commodity prices.
Via Renewables Q3 net income $34.7M, Retail Gross Margin $30.9M, declares dividends
Net income $34.7M vs $22.6M YoY; Retail Gross Margin $30.9M down from $47.0M.
Spark Energy Q2 Adjusted EBITDA drops 39% to $14.4M; net income $24.8M vs $26.8M
Net income $24.8M, down from $26.8M YoY; Adjusted EBITDA $14.4M vs $23.8M YoY.
On November 15, 2024, director Kenneth M. Hartwick tendered his notice of resignation from the Board of Directors (“Board”) of Via Renewables, Inc. (the “Company”) for personal reasons, effective November 18, 2024, 5 p.m. CST.
Effective on November 18, 2024, 5 p.m. CST, the Board appointed David Bill III to the Company’s Board.
Accordingly, effective July 5, 2023, Ms. Clay no longer serves as an executive officer of the Company.
On June 7, 2023 Nick W. Evans, Jr., a member of the Board of the Company, notified the Company of his intention to resign from the Board effective as of June 9, 2023.
appointed A. Stephen Kennedy effective immediately, to serve as a Class II independent director.
Max materiality 0.85 · Median 0.60 · Most common event other_material