Via Renewables, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 10:04 am EDT
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Via Renewables, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 98.35 million compared to USD 82.31 million a year ago. Revenue was USD 97.1 million compared to USD 82.2 million a year ago. Net income was USD 4.62 million compared to USD 10.48 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 2.9 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 2.9 a year ago.
For the six months, sales was USD 226.41 million compared to USD 195.45 million a year ago. Revenue was USD 224.25 million compared to USD 195.2 million a year ago. Net income was USD 17.59 million compared to USD 2.85 million a year ago. Basic earnings per share from continuing operations was USD 4.45 compared to basic loss per share from continuing operations of USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 4.4 compared to diluted loss per share from continuing operations of USD 0.35 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.
VIA RENEWABLES, INC. 
