VIA - Earnings call 3 2021 | Via Renewables, Inc.

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Mike Barajas

Good morning and welcome to Via Renewables Third Quarter 2021 Earnings Call. This call is also being broadcast via webcast, which can be located in the Investor Relations section of our website at viarenewables.com.

With us today from management is our CEO, Keith Maxwell; and our CFO, Jim Jones.

Please note that today's discussion may contain forward-looking statements, which are based on assumptions that we believe to be reasonable as of this date. Actual results may differ materially. review well harbor in as filings. to earnings in our everyone as release the urge the statement safe yesterday's SEC We risk factors undertake as these events, We as to of except law. result future statements by required obligation no a update

to refer measures. GAAP and will we non-GAAP addition, both In financial

to refer information earnings to For reconciliations release. our comparable directly financial non-GAAP most regarding yesterday's GAAP and measures the measures, please

to Keith that, Maxwell, CEO. With call I'll the over turn our

William Maxwell

call. welcome third financials. Thank with provide I'll our you, earnings want to our begin the on to a from everyone CFO, Mike. quarter, of summary the will more details providing today's I then Jim results Jones, and

the The in by In of decreases reported gross EBITDA expenses. partially adjusted $XX decrease offset quarter, G&A million. third margin we an in year-over-year was

quarter, in growing customers expected. book quarter our year. to we However, we're recent of end online acquisition, those The announce over acquired that will Last the come our this mentioned to is be again. proud transferred customers before and the remaining as have begun most

Via we'll energy all up electric having sales customers green committed and and gas employees. and remains our committed purchase to customer our growing offset Renewables XXX% continues ramp our Additionally, channels to to book. our of sold load book, organic credits Via to to renewable and continue Renewable has our natural the in

the sustainable in of sustainable different this as evaluating for and long-term phases our still that early and energy We offering shareholders. growth our are going to drive We will and believe expand well. exploring options value forward

to do acquisition tuck-in become In continue so we'll available. evaluate addition, opportunities we potential to and continue as the opportunities,

and flexibility, align group with to to sustainability extended now provide on to announce October We focus opportunities amended their The year, liquidity of to new would Line thank continued Acquisition our Line. facility partnership in our includes that We support. and like our capital we working strategies. XX additional Acquisition along are also our this an that excited bank for regards will and

I'll call review. Jim? now his concludes prepared This turn and to Jim for over remarks, the my financial

James Jones

Keith. Retail was you, in we million. for million Thank to adjusted quarter gross the $XX.X morning. Good the $XX million last achieved last margin million year's compared of with quarter EBITDA quarter, $XX.X third year. $XX compared In

In our to million to along margin last year. the million was quarter segment, decreased unit electricity retail margins. due gross was compared $XX.X third $XX.X with lower This in volumes, slightly

concentrated those is in load our remain and to steady. However, customers margins residential expect stronger-margin

the was compared in year. natural In million our lower the in unit million quarter with volumes, a margin decreased $X.X result $X.X of margins retail third This last commodity prices. as increase gas was to segment, decrease gross attributable to along

lower G&A debt, legal decrease to costs broker last bad expenses of fees. by compared and $X.X expenses, million $XX.X driven in year a primarily million, were of employee

in XXX,XXX. RCEs quarter was the Total third

Our XXX,XXX. the third last quarter of year. attrition Total were of year the is down X.X% in of third last from quarter X% RCEs in

retail per of associated The had to compared offset by contracts, noncash of fully hedges net a for partially was gross on share net third depreciation, of or in in million lock $XX.X put diluted a margins lower Our of mark-to-market $X.XX million gain million We a for quarter net with to by income mark-to-market year this we $X.XX mark-to-market driven increase accounting in expenses and compared gain place income income per $XX.X diluted million our with quarter ago. the income $XX.X quarter the to in is XXXX. or G&A reduced of $X fully along share the margin.

on common and our we Series A October paid stock, to December announced share quarter per on of quarterly $X.XXXXX stock cash Common our XX paid Class preferred to be on we and XX, dividend XX, January third paid XX. be the respectively. $X.XXXXX October and XX preferred September per A On dividend On share

you, I all to Keith. Back have. That's

William Maxwell

to thank our thank choosing provider. their with quarter. for We and We soon. us Renewable as Jim. look you. customers Via Thanks, to good their our want suppliers in employees want connecting I for to producing hard a energy Thank work forward you

Via Renewables (VIASP) 4 Nov 212021 Q3 Earnings call transcript