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Via Renewables (VIARENEW) investor relations material

Via Renewables Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Via Renewables Inc
Q4 2024 earnings summary5 Mar, 2025

Executive summary

  • Operates as an independent retail energy provider, serving 388,000 RCEs across 20 states and DC, with 75% of revenues from electricity and 25% from natural gas as of December 31, 2024.

  • Completed a merger in June 2024, resulting in W. Keith Maxwell III and affiliates owning all Class A and B common stock; Class A shares ceased trading on NASDAQ.

  • Focused on organic and acquisition-driven customer growth, adding 127,000 RCEs organically and 82,000 via acquisitions in 2024.

  • Paid $10.9 million in dividends to Series A Preferred Stockholders in 2024 and repurchased 187,103 shares at $22.50 per share.

  • Maintains robust risk management, cybersecurity, and compliance frameworks.

Financial highlights

  • Total revenues for 2024 were $398.9 million, down 8% from $435.2 million in 2023, mainly due to lower electricity and gas rates.

  • Net income for 2024 was $61.1 million, up from $26.1 million in 2023.

  • Adjusted EBITDA for 2024 was $58.6 million, up from $56.9 million in 2023.

  • Retail gross margin for 2024 was $142.0 million, up from $136.7 million in 2023.

  • Cash and cash equivalents at year-end 2024 were $53.2 million, with total liquidity of $151.5 million.

Outlook and guidance

  • Expects continued customer growth but notes increasing difficulty due to market and regulatory constraints.

  • Board declared a quarterly cash dividend of $0.69635 per share for Series A Preferred Stock, payable April 15, 2025.

  • Ongoing focus on organic growth, disciplined customer acquisition, and opportunistic acquisitions.

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Frequently asked questions

Via Renewables, Inc. is an energy company specializing in the retail distribution of electricity and natural gas to residential and commercial customers. The company operates in deregulated energy markets across the United States, offering fixed and variable rate plans to meet diverse customer needs. Via Renewables focuses on providing reliable energy solutions, including options that support renewable energy sources, to promote sustainability and environmental responsibility. The company is headquartered in Houston, Texas, and its shares are listed on the NASDAQ.

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