Via Renewables, Inc.

NasdaqGS:VIA Rapport sur les actions

Capitalisation boursière : US$79.5m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Via Renewables Gestion

Gestion contrôle des critères 3/4

Le PDG Via Renewables est William Maxwell, nommé en Mar2020, a un mandat de 4.25 ans. La rémunération annuelle totale est $ 1.01M, composée du salaire de 0% et des bonus 100%, y compris les actions et options de la société. détient directement 24.44% des actions de la société, d'une valeur de $ 19.44M. La durée moyenne de mandat de l'équipe de direction et du conseil d'administration est respectivement 2.6 ans et 7.3 ans.

Informations clés

William Maxwell

Directeur général

US$1.0m

Rémunération totale

Pourcentage du salaire du PDG0.00%
Durée du mandat du directeur général4.3yrs
Propriété du PDG24.4%
Durée moyenne d'occupation des postes de direction2.6yrs
Durée moyenne du mandat des membres du conseil d'administration7.3yrs

Mises à jour récentes de la gestion

Recent updates

Article d'analyse • Nov 05

We Think Via Renewables (NASDAQ:VIA) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Article d'analyse • Sep 29

The Returns On Capital At Via Renewables (NASDAQ:VIA) Don't Inspire Confidence

When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...
Article d'analyse • Jun 15

Is Via Renewables (NASDAQ:VIA) Using Debt In A Risky Way?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Article d'analyse • Mar 01

We Think Via Renewables (NASDAQ:VIA) Has A Fair Chunk Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Article d'analyse • Nov 18

Via Renewables' (NASDAQ:VIA) Dividend Will Be $0.1813

Via Renewables, Inc. ( NASDAQ:VIA ) has announced that it will pay a dividend of $0.1813 per share on the 15th of...
Article d'analyse • Nov 04

Via Renewables (NASDAQ:VIA) Is Due To Pay A Dividend Of $0.1813

The board of Via Renewables, Inc. ( NASDAQ:VIA ) has announced that it will pay a dividend on the 15th of December...
Seeking Alpha • Sep 10

Via Renewables: Power Fading Away

Summary Attrition in RCEs in the last few years gives a bleak outlook on Via Renewables' future. Dividend payout ratio of 90% and dividend cover of 0.65x mean they are not well covered by earnings. The company's total returns have dropped 25% since March 2022, largely because of deteriorating financials. A bear market is foreseeable for this stock as they have shown no signs of growth even with sky-high inflated prices in the market. Investment thesis Via Renewables, Inc. (VIA) has been on a bearish trend since the start of 2022, and there does not seem to be any indication from its financials that this situation is about to change anytime soon. It has lost 28% in its stock value since March 2022, from $11.19 per share to $8.02 per share. VIA data by YCharts The company's cash flows provide a bleak outlook regarding its growth capabilities since it pays off most of its profits in dividends, leaving very little to invest in the company's future. In line with my view of a continued bearish future, the total returns have fallen by 25.71% YTD and shown high volatility. Total Returns have exhibited minor signs of recovery in the current year, but the drastic drop in its residential customer equivalent ((RCE)) units gives us little hope for any significant augmentation in its valuation in the near future. VIA Total Return Level data by YCharts The total revenues in the TTM have shown some improvement compared to the previous 2 years, where COVID-19, its related restrictions, and other pandemic-related hindrances were assigned blame for its lackluster growth, but the revenues have been declining since before that. This turbulence offers little hope to potential investors looking for a stable investment. VIA Annual Report 2021 VIA Revenue ((TTM)) data by YCharts The annual report for 2021 also does not depict a positive outlook for the company's future growth, portraying a decrease since 2018 in RCEs, which is a measure of their number of customers. These numbers have been on a steady decline, and the company blames this attrition in recent times on the COVID-19 pandemic and its inability to market door to door or through telemarketing due to orders by regulatory agencies and government authorities. The company has lost more than half, or over 55% RCEs since 2018. VIA Annual reports On top of this, the company management team cannot be considered the most experienced, with an average tenure of 1.7 years, suggesting a relatively new team is in charge. I am bearish on Via Renewables stock as the company does not show any promise of a turnaround anytime soon, especially considering the decreasing RCEs and the management's inability to recoup them. The non-existent growth and incoherent financials further solidify my view of their declining fortunes. Company Overview Via Renewables, Inc., formerly Spark Energy, Inc., is an independent, small-cap, retail energy services company founded in 1999 and headquartered in Houston, Texas. It operates in 102 utility service territories across 19 states and the District of Columbia, serving both residential and commercial customers. They operate on an asset-light model to source power and gas, allowing them to become a competitive alternative for their customers to fulfill electricity and natural gas demand. It operates in two segments; Retail Electricity and Retail Natural Gas. The electricity segment is involved in the transmission and sale of electricity, while the natural gas segment deals in the transportation, distribution, and sale of natural gas. They had approximately 408,000 RCEs as of June. A major chunk of the revenue generation comes from the electricity segment, 81%, while the other 19% is accredited to the natural gas segment for the previous year. VIA Annual Report 2021 They purchase electricity and natural gas supply through physical and financial transactions with market counterparts and ISOs and supply electricity and natural gas to residential and commercial consumers in accordance with fixed-price and variable-price contracts. Value as an Income stock Via Renewables reported a dividend yield of 9.76% in the MRQ, which is the saving grace of this company from an investor's point of view. The company had a 4-year average dividend yield of 7.89%, considerably higher than its larger competitors like MGE Energy (MGEE), which trails at around 2%. They have, in the TTM, had a dividend payout ratio of 89.17%, which means they are paying out the majority of their earnings, which is great for those currently invested in the company but is in no way desirable for a potential investor as, ideally, a relatively lower paying out stock should be targeted in this sector. VIA Dividend Yield data by YCharts The dividend does not seem any better now than it was three years ago, with no growth, largely due to stagnant revenues, which saw a small bump in the MRQ because of a non-sustainable one-off gain impacting its June 2022 financial results. Financial Position A closer look at the company financials reveals a downturn in Adjusted EBITDA from the previous year, with the company attributing this to operational losses pertaining to the pandemic. VIA Revenue Annual reports This fact is highlighted further when looking at the company's cash flow by operating activity, which took a drastic hit from 2020 to 2021, with a reduction of $79 million or 86%. As per their annual reports, this decrease was primarily attributable to the non-recurring Winter Storm Uri-related costs of $64.4 million and other changes in working capital. Winter Storm Uri caused major blackouts in the United States, leaving millions of people without power for days and accumulating millions of dollars' worth of damage to the infrastructure, which massively impacted the utility sector. Cash flows in financial activities saw a drop of $73.1 million between 2020 and 2021, which was due to an increase in net borrowing of $58 million under their Senior Credit Facility and a decrease of $12 million in distributions to non-controlling unitholders. VIA Annual reports The company's cash flows have been highly volatile since the pandemic, and there is no indication of stability, especially with the cyclical shifts and the recession around the corner.
Article d'analyse • Aug 12

Via Renewables (NASDAQ:VIA) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Seeking Alpha • Jul 21

Via Renewables declares $0.1813 dividend

Via Renewables (NASDAQ:VIA) declares $0.1813/share quarterly dividend, in line with previous. Forward yield 9.8% Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 31. See VIA Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 06

Via Renewables announces new $195M credit facility

Via Renewables (NASDAQ:VIA) announced closing of a new three-year $195M senior secured borrowing base credit facility to replace its existing senior secured credit facility. The new facility, which includes a $55M accordion, replaces the current $227.5M credit facility, which was set to mature October 2023. The senior credit facility provides for working capital loans, acquisition loans, swingline loans and letters of credit. "We appreciate Woodforest National Bank and Bank of Texas's leadership in helping us to close this new credit facility," said Mike Barajas, Via Renewables' Chief Financial Officer. "Via Renewables' new facility allows for increased operating flexibility through less restrictive financial covenants and provides us with a very competitive, long-term capital structure to generate value for our shareholders in 2022 and beyond."
Article d'analyse • Jun 15

A Look At The Intrinsic Value Of Via Renewables, Inc. (NASDAQ:VIA)

In this article we are going to estimate the intrinsic value of Via Renewables, Inc. ( NASDAQ:VIA ) by projecting its...
Seeking Alpha • May 09

Via Renewables: Muted Results, 10% Dividend Yield, 35% FCF Yield

Higher commodity prices hit Via Renewables profitability. Company is now seeing growth in its organic sales channel. Stock trading at 9.5% dividend yield, 34.6% FCF yield. Stock decline of 30% since March presents a buying opportunity. Steady dividend past 5 years supported by huge FCF generation.
Article d'analyse • May 09

Via Renewables (NASDAQ:VIA) Is Due To Pay A Dividend Of US$0.18

Via Renewables, Inc. ( NASDAQ:VIA ) will pay a dividend of US$0.18 on the 15th of June. Based on this payment, the...
Article d'analyse • Apr 25

Via Renewables (NASDAQ:VIA) Is Due To Pay A Dividend Of US$0.18

Via Renewables, Inc. ( NASDAQ:VIA ) will pay a dividend of US$0.18 on the 15th of June. Based on this payment, the...
Seeking Alpha • Mar 29

Via Renewables: 9% Dividend Yield, 33% FCF Yield, Buying Opportunity

Stock trading at 9.0% dividend yield, 32.6% FCF yield. Stock decline of 27% in March presents a buying opportunity. Decline in stock price more than factors in muted results. Steady dividend past 5 years supported by huge FCF generation.
Article d'analyse • Jan 24

Via Renewables' (NASDAQ:VIA) Dividend Will Be US$0.18

Via Renewables, Inc.'s ( NASDAQ:VIA ) investors are due to receive a payment of US$0.18 per share on 15th of March. The...
Article d'analyse • Oct 25

Via Renewables (NASDAQ:VIA) Will Pay A Dividend Of US$0.18

Via Renewables, Inc. ( NASDAQ:VIA ) will pay a dividend of US$0.18 on the 15th of December. Based on this payment, the...
Article d'analyse • Aug 11

Spark Energy (NASDAQ:VIA) Has Re-Affirmed Its Dividend Of US$0.18

Spark Energy, Inc. ( NASDAQ:VIA ) will pay a dividend of US$0.18 on the 15th of September. The dividend yield will be...
Article d'analyse • Jul 26

Spark Energy (NASDAQ:SPKE) Has Affirmed Its Dividend Of US$0.18

The board of Spark Energy, Inc. ( NASDAQ:SPKE ) has announced that it will pay a dividend on the 15th of September...
Article d'analyse • May 07

Is Spark Energy, Inc.'s (NASDAQ:SPKE) 7.4% Dividend Worth Your Time?

Could Spark Energy, Inc. ( NASDAQ:SPKE ) be an attractive dividend share to own for the long haul? Investors are often...
Article d'analyse • Mar 30

Here's Why We Think Spark Energy (NASDAQ:SPKE) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Article d'analyse • Mar 12

Did Spark Energy, Inc. (NASDAQ:SPKE) Insiders Sell Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Article d'analyse • Feb 22

Spark Energy, Inc. (NASDAQ:SPKE) Will Pay A US$0.18 Dividend In Three Days

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Spark Energy...
Article d'analyse • Feb 18

Spark Energy (NASDAQ:SPKE) Could Easily Take On More Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Article d'analyse • Jan 28

Spark Energy, Inc.'s (NASDAQ:SPKE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Spark Energy's (NASDAQ:SPKE) stock is up by a considerable 23% over the past month. Given that stock prices are usually...
Article d'analyse • Jan 07

Is Spark Energy, Inc. (NASDAQ:SPKE) A Great Dividend Stock?

Dividend paying stocks like Spark Energy, Inc. ( NASDAQ:SPKE ) tend to be popular with investors, and for good reason...

Analyse de la rémunération des PDG

Comment la rémunération de William Maxwell a-t-elle évolué par rapport aux bénéfices de Via Renewables?
DateRémunération totaleSalaireBénéfices de l'entreprise
Mar 31 2024n/an/a

US$13m

Dec 31 2023US$1mUS$1

US$4m

Sep 30 2023n/an/a

-US$4m

Jun 30 2023n/an/a

-US$12m

Mar 31 2023n/an/a

-US$14m

Dec 31 2022US$2mUS$1

-US$476k

Sep 30 2022n/an/a

-US$5m

Jun 30 2022n/an/a

US$11m

Mar 31 2022n/an/a

US$17m

Dec 31 2021US$2mUS$1

-US$4m

Sep 30 2021n/an/a

US$14m

Jun 30 2021n/an/a

US$9m

Mar 31 2021n/an/a

US$9m

Dec 31 2020US$275kUS$1

US$20m

Sep 30 2020n/an/a

US$17m

Jun 30 2020n/an/a

US$23m

Mar 31 2020n/an/a

US$5m

Dec 31 2019US$250kn/a

US$359k

Sep 30 2019n/an/a

-US$5m

Jun 30 2019n/an/a

-US$13m

Mar 31 2019n/an/a

US$3m

Dec 31 2018US$250kn/a

-US$9m

Sep 30 2018n/an/a

US$11m

Jun 30 2018n/an/a

US$8m

Mar 31 2018n/an/a

US$988k

Dec 31 2017US$250kn/a

US$16m

Rémunération vs marché: La rémunération totale de William ($USD 1.01M ) est supérieure à la moyenne des entreprises de taille similaire sur le marché US ($USD 622.00K ).

Rémunération et revenus: La rémunération de William a été cohérente avec les performances de l'entreprise au cours de l'année écoulée.

PDG

William Maxwell (59 yo)

4.3yrs
Titularisation
US$1,007,140
Compensation

Mr. William Keith Maxwell, III was Founder and Chief Executive Officer of Spark Energy Gas L.P. since 1999. Mr. Maxwell served as the President at Spark Energy Gas L.P. Mr. Maxwell has been the Executive C...

Équipe de direction

NomPositionTitularisationCompensationPropriété
William Maxwell
President4.3yrsUS$1.01m24.44%
$ 19.4m
Mike Barajas
CFO & Chief Risk Officer2.6yrsUS$648.65k0.27%
$ 215.3k
Paul Konikowski
Chief Operating Officer2.6yrsUS$871.82k0.17%
$ 134.0k
Stephen Rabalais
Director of FP&A and Investor Relationsno datapas de donnéespas de données
Michael Kuznar
Head of Retail Market4.8yrspas de donnéespas de données
Chris Leonard
Executive VP of Structuring & Supplyless than a yearpas de donnéespas de données
Viktoria Aksionava
Acting Secretaryno datapas de donnéespas de données
2.6yrs
Durée moyenne de l'emploi
51yo
Âge moyen

Gestion expérimentée: L'équipe de direction de VIA est considérée comme expérimentée (ancienneté moyenne 2.6 ans).

Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
William Maxwell
President9.8yrsUS$1.01m24.44%
$ 19.4m
Kenneth Hartwick
Independent Director9.8yrsUS$189.96k0.51%
$ 409.1k
Amanda Bush
Independent Director4.8yrsUS$144.58k0.22%
$ 175.2k
Andrew Kennedy
Independent Director1yrUS$97.89kpas de données
7.3yrs
Durée moyenne de l'emploi
60yo
Âge moyen

Conseil d'administration expérimenté: Les membres du conseil d'administration de VIA sont considérés comme expérimentés (ancienneté moyenne 7.3 ans).

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2024/06/15 06:54
Cours de l'action en fin de journée2024/06/14 00:00
Les revenus2024/03/31
Revenus annuels2023/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Via Renewables, Inc. est couverte par 7 analystes. 0 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
David ParkerBaird
Michael GyureBrean Capital Historical (Janney Montgomery)
Christopher Van HornB. Riley Securities, Inc.