Welcome to our dedicated page for Via Renewables news (Ticker: VIA), a resource for investors and traders seeking the latest updates and insights on Via Renewables stock.
Via Renewables Inc (VIA) provides residential and commercial energy solutions across competitive US markets, specializing in stable pricing and green alternatives. This news hub offers investors and stakeholders centralized access to official corporate updates and market developments.
Find timely announcements including quarterly earnings reports, strategic partnerships, regulatory filings, and operational milestones. Our curated collection ensures transparent tracking of Via Renewables' initiatives in retail energy services, renewable projects, and customer program enhancements.
Key updates cover green energy expansions, service territory updates, and financial performance metrics. Bookmark this page for direct access to Via Renewables' verified press releases and energy sector analysis, enabling informed decisions about this established industry participant.
Via Renewables reported a $4.9 million net loss in Q3 2022, compared to a $34.7 million net income in Q3 2021. The company achieved $15.1 million in Adjusted EBITDA, down from $22.0 million the previous year, primarily due to decreased marks on hedges and increased customer acquisition costs. Despite challenges, gross profit stood at $16.6 million with a retail gross margin of $30.5 million. Total liquidity is reported at $67.7 million, and the company plans to leverage rising energy prices to boost competitiveness.
Via Renewables, Inc. (NASDAQ:VIA) will present its third quarter 2022 financial results in a conference call on November 3, 2022, at 10:00 AM Central. Interested investors can access the live webcast on the company's Investor Relations website. Via Renewables, founded in 1999, provides energy services in 19 states under brands like Spark Energy and offers various product choices, including green options. The company emphasizes stable energy costs and alternative choices for its customers.
Via Renewables has declared a quarterly cash dividend of $0.18125 per share for its Class A Common Stock, amounting to an annualized dividend of $0.725 per share. This dividend is set for payment on December 15, 2022 to shareholders of record as of December 1, 2022. Additionally, the company announced a dividend of $0.666071 per share on its 8.75% Series A Preferred Stock, to be paid on January 17, 2023 for those on record as of January 1, 2023.
Via Renewables reported its second-quarter 2022 financial results, achieving $12.5 million in net income and $13.3 million in adjusted EBITDA. The company noted a gross profit of $35.4 million and a retail gross margin of $23.7 million. Total RCE count reached 368,000 with a monthly attrition rate of 3.1%. The firm secured a new $195 million credit facility, enhancing its capital structure. However, net income declined from $24.8 million year-over-year, attributed to lower mark-to-market hedges and rising energy costs.
Via Renewables has declared a quarterly cash dividend of $0.18125 per share on its Class A Common Stock, amounting to an annualized $0.725 per share. This dividend is set to be paid on September 15, 2022 to shareholders on record by September 1, 2022. Additionally, the Board announced a quarterly cash dividend of $0.568125 per share on the Series A Preferred Stock, payable on October 17, 2022 to holders of record by October 3, 2022.
Via Renewables has announced plans to present its Q2 2022 financial results on August 4, 2022, at 10:00 AM Central. The event will be accessible via a live webcast on the company's Investor Relations website. With operations across 19 states and providing services under renowned brands like Spark Energy and Verde Energy, Via Renewables offers alternatives in natural gas and electricity. Investors are encouraged to regularly check the website for updates.
Via Renewables (NASDAQ: VIA, VIASP) announced the closing of a $195 million senior secured credit facility to replace its existing credit line of $227.5 million, maturing October 2023. This new facility includes a $55 million accordion and provides more flexible terms, enabling the company to pursue growth opportunities and acquisitions. The facility is managed by Woodforest National Bank and BOKF, NA. Executives expressed gratitude for the support of lenders, emphasizing the facility's role in enhancing operational flexibility and shareholder value.
Via Renewables reported a net income of $31.0 million for Q1 2022, a significant turnaround from a net loss of $(27.6) million in Q1 2021. The company achieved Adjusted EBITDA of $10.8 million and Retail Gross Margin of $28.8 million, both lower than the previous year due to rising commodity prices. Total RCE count rose to 387,000, and average monthly attrition improved to 3.7%. Liquidity stood at $96.0 million. The company announced dividends of $0.18125 per share for Class A common stock.
Via Renewables (NASDAQ:VIA) plans to announce its first quarter 2022 financial results during a conference call on May 5, 2022, at 10:00 AM Central (11:00 AM Eastern). A live webcast will be available through the Investor Relations section of its website, followed by a 12-month archived replay.
Founded in 1999, Via Renewables operates across 19 states and serves 101 utility territories, offering customers various energy solutions including green product alternatives.
Via Renewables has announced a quarterly cash dividend of $0.18125 per share for its Class A Common Stock, equating to an annualized dividend of $0.725. This dividend will be distributed on June 15, 2022, to shareholders on record as of June 1, 2022. Additionally, a dividend of $0.476393 per share has been declared for the Series A Preferred Stock, payable on July 15, 2022, to holders on record by July 1, 2022. Via Renewables operates across 19 states in the U.S., serving 101 utility territories.
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