Welcome to our dedicated page for Via Renewables news (Ticker: VIASP), a resource for investors and traders seeking the latest updates and insights on Via Renewables stock.
Via Renewables, Inc. 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock (NASDAQ: VIASP) is a preferred equity security issued by Via Renewables, Inc., an independent retail energy services company. The company’s news flow around VIASP focuses on dividend declarations, tender offers, and partial redemptions of the Series A Preferred Stock, providing investors with regular updates on how this preferred class is being managed.
Company press releases describe Via Renewables as a retail energy provider founded in 1999 that offers residential and commercial customers in competitive markets across the United States an alternative choice for natural gas and electricity. These releases often combine information about the underlying energy business with detailed announcements regarding VIASP, such as quarterly cash dividend amounts, the start of the floating rate period, and benchmark rate changes under the Adjustable Interest Rate (LIBOR) Act.
News items for VIASP frequently cover capital actions, including tender offers to purchase a specified number of preferred shares at a stated cash price and partial redemptions at $25.00 per share plus any applicable accumulated and unpaid dividends. Disclosures explain how these transactions are conducted through The Depository Trust Company, with Equiniti Trust Company serving as transfer agent or depositary, and they reference related SEC filings such as Schedule TO and Form 8-K.
Investors following the VIASP news page can review these announcements to understand the timing and terms of dividends, tender offers, and redemptions, as well as broader information about Via Renewables’ retail energy operations and financing arrangements. This context helps holders and prospective investors see how the preferred stock fits within the company’s overall capital and funding strategy.
Via Renewables (NASDAQ:VIA, VIASP) announced preliminary unaudited financial results for the year ending December 31, 2022, anticipating a $(27.5) million net loss and $12.6 million in adjusted EBITDA for Q4. The company expects a total net income of $11.2 million and $51.8 million in adjusted EBITDA for the full year. Despite facing high commodity prices, Via acquired 18,700 RCEs in Florida's gas market. However, it plans to file a Notification of Late Filing on Form 12b-25 with the SEC due to a delay in submitting its Form 10-K, citing material weaknesses in financial controls.
Via Renewables (NASDAQ:VIA, VIASP) has announced a rescheduling of its fourth quarter and full year 2022 earnings conference call, initially planned for March 1, 2023. This delay is due to the ongoing finalization of the Company's Form 10-K for the year ended December 31, 2022. The company aims to ensure an accurate calculation of deferred tax assets and liabilities and their impact on income tax expense. Although there is a delay, Via Renewables does not anticipate any adjustments to its previously expected Adjusted EBITDA, Gross Profit, or Retail Gross Margin for 2022 or prior fiscal years.
Via Renewables is set to announce its full year and fourth quarter 2022 financial results on March 2, 2023, during a conference call at 10:00 AM Central (11:00 AM Eastern). Investors can access the live webcast through the company's Investor Relations website, with an archived replay available for twelve months. Established in 1999 and headquartered in Houston, Texas, Via Renewables operates in 19 states and serves 102 utility territories, offering residential and commercial customers alternative energy options under well-known brands.
Via Renewables (NASDAQ:VIA, VIASP) has announced a quarterly cash dividend of $0.18125 per share on its Class A Common Stock for Q4 2022, translating to an annualized dividend of $0.725 per share. This payment is scheduled for March 15, 2023, to shareholders on record by March 1, 2023. Additionally, a dividend of $0.71298 per share on the Series A Preferred Stock will be distributed on April 17, 2023, to holders of record by April 1, 2023. Via Renewables operates in 19 states, providing customers with various energy options and contributing to sustainable practices.
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.