VIASP Research | Milton Maxwell

VIASP

Via Renewables, Inc.

25.51

+0.01+0.04%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

P/E (TTM)

21.80

Basic EPS (TTM)

1.17

Dividend Yield

Recent Filings

10-K

FY2025 results

3/5/26Mar 5, 2026

Via Renewables grew RCEs 26% to 421k in FY2025 ended December 31, 2025, fueled by natural gas book buys adding 46k RCEs, while electricity held at 225k; retail revenues jumped 17% to $467M on higher volumes, though unit margins slipped—gas to $3.30/MMBtu, electricity to $42/MWh. Q4 attrition hit 4.9% amid Maryland regulatory non-renewals, yet Adjusted EBITDA climbed 23% to $72M, reflecting scale. Debt stood at $157M with $133M liquidity; redeemed $26M Series A Preferred in Q4. Natural gas drove momentum, but weather swings threaten demand.

8-K

Redeems 10% preferred shares

1/16/26Jan 16, 2026

Via Renewables announced the partial redemption of 232,708 shares—about 10%—of its 8.75% Series A Preferred Stock at $25.00 per share plus $0.24090 in accumulated dividends, effective February 17, 2026. Announced January 16, this move trims outstanding preferred obligations via DTC procedures. Redemption shrinks fixed dividend burden.

8-K

COO salary hiked to $550K

12/5/25Dec 5, 2025

Via Renewables boosted COO Paul Konikowski's base salary to $550,000 via amendment effective December 1, 2025. The change targets his original 2021 employment agreement. No other terms altered. Original deal holds firm.

8-K

Redeems 10% preferred shares

11/18/25Nov 18, 2025

Via Renewables announced partial redemption of 258,565 shares—about 10%—of its 8.75% Series A Preferred Stock at $25.00 per share plus $0.46714 in accumulated dividends, effective December 18, 2025. Announced November 18, this cuts outstanding preferred shares via DTC procedures. Redemption shrinks fixed dividend obligations.

10-Q

Q3 FY2025 results

11/6/25Nov 6, 2025

Via Renewables posted Q3 revenue of $103.3M, up 10% y/y from $93.8M, driven by higher natural gas volumes from customer book buys, yet operating income fell to $3.3M from $5.0M as electricity margins slipped. Gross margins held at 27% despite derivative hits; natural gas segment surged 24% y/y to $6.8M. Cash stayed flat at $53.6M with $105M Senior Credit Facility debt (7.38% rate, $51M available); YTD op cash flow $46.3M funded $16.4M customer acquisitions. Redeemed chunks of Series A Preferred quarterly. RCEs climbed 4% q/q to 419k. State regs crimp residential choice.

About

Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. The company engages in the transmission and sale of electricity to residential and commercial customers. It is also involved in the transportation, distribution, and sale of natural gas to residential and commercial customers. In addition, the company provides broker services for retail energy customers; and wireless services and equipment to wireless customers. It offers its services under the Electricity Maine, Electricity N.H., Major Energy, Provider Power Massachusetts, Spark Energy, and Verde Energy brand names. Via Renewables, Inc. was formerly known as Spark Energy, Inc. and changed its name to Via Renewables, Inc. in August 2021. The company was founded in 1999 and is headquartered in Houston, Texas. Via Renewables, Inc operates as a subsidiary of NuRetailco LLC.

CEO

Mr. William Keith Maxwell III

IPO

3/10/2017

Website

https://viarenewables.com

Employees

156

Sector

Utilities

Industry

Utilities - Regulated Electric