Via Renewables, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 09:58 am
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Via Renewables, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 117.19 million compared to USD 98.27 million a year ago. Revenue was USD 118.86 million compared to USD 97.98 million a year ago. Net loss was USD 0.881 million compared to net income of USD 14.88 million a year ago. Basic loss per share from continuing operations was USD 0.9 compared to basic earnings per share from continuing operations of USD 4.15 a year ago. Diluted loss per share from continuing operations was USD 0.9 compared to diluted earnings per share from continuing operations of USD 4.1 a year ago.
For the nine months, sales was USD 343.59 million compared to USD 293.72 million a year ago. Revenue was USD 343.11 million compared to USD 293.18 million a year ago. Net income was USD 16.71 million compared to USD 17.74 million a year ago. Basic earnings per share from continuing operations was USD 3.5 compared to USD 3.95 a year ago. Diluted earnings per share from continuing operations was USD 3.5 compared to USD 3.95 a year ago.
Via Renewables, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in markets across the United States with an alternative choice for natural gas and electricity. The Company operates through two segments: Retail Electricity and Retail Natural Gas. In the Retail Electricity segment, the Company purchases electricity supply through physical and financial transactions with market counterparties and independent system operators (ISOs) and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts. In the Retail Natural Gas segment, the Company purchases natural gas supplies through physical and financial transactions with market counterparties and supply natural gas to residential and commercial consumers pursuant to fixed-price and variable-price contracts. The Company operates in about 105 utility service territories across 20 states and the District of Columbia.