Via Renewables, Inc.

NasdaqGS:VIA Stock Report

Market Cap: 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 Past Earnings Performance

Past criteria checks 3/6

Via Renewables's earnings have been declining at an average annual rate of -8.7%, while the Electric Utilities industry saw earnings growing at 5.5% annually. Revenues have been declining at an average rate of 18% per year. Via Renewables's return on equity is 36.2%, and it has net margins of 3.1%.

Key information

-8.71%

Earnings growth rate

-8.86%

EPS growth rate

Electric Utilities Industry Growth6.28%
Revenue growth rate-17.98%
Return on equity36.19%
Net Margin3.10%
Last Earnings Update31 Mar 2024

Recent past performance updates

Recent updates

Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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.
Analysis Article • 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."
Analysis Article • 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.
Analysis Article • 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...
Analysis Article • 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.
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...

Revenue & Expenses Breakdown

How Via Renewables makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:VIA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2441713690
31 Dec 234354690
30 Sep 23451-4680
30 Jun 23459-12670
31 Mar 23465-14640
31 Dec 224600620
30 Sep 22443-5580
30 Jun 2242311520
31 Mar 2240817490
31 Dec 21393-4470
30 Sep 2141214580
30 Jun 214559670
31 Mar 215019780
31 Dec 2055520910
30 Sep 20622171050
30 Jun 20688231140
31 Mar 2073851300
31 Dec 1981401340
30 Sep 19856-51240
30 Jun 19907-131220
31 Mar 1996231130
31 Dec 181,006-91110
30 Sep 181,012111150
30 Jun 1896981210
31 Mar 1888811160
31 Dec 17798161090
30 Sep 17732111100
30 Jun 1767510950
31 Mar 1763212920
31 Dec 1654714850
30 Sep 164737720
30 Jun 164068690
31 Mar 163676640
31 Dec 153584620
30 Sep 153463610
30 Jun 153233560
31 Mar 15319-4520
31 Dec 143230460
30 Sep 1432320370
30 Jun 1432418340
31 Mar 1432423340
31 Dec 1331731350

Quality Earnings: VIA has high quality earnings.

Growing Profit Margin: VIA became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VIA's earnings have declined by 8.7% per year over the past 5 years.

Accelerating Growth: VIA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: VIA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (6.5%).

Return on Equity

High ROE: VIA's Return on Equity (36.2%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/15 20:27
End of Day Share Price 2024/06/14 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Via Renewables, Inc. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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