Quarterly ResultApr 30, 2026, 01:58 PM
VIASP Q1 Net Income $1.7M, down 91%; EPS $(0.01)
AI Summary
Via Renewables, Inc. reported a significant decline in its first-quarter 2026 financial results, with net income falling 90.7% to $1.7 million and diluted EPS turning negative at $(0.01). Total revenues increased by 11.8% to $159.0 million, but this was offset by a substantial 39.0% rise in retail cost of revenues. The company also redeemed 232,708 shares of Series A Preferred Stock for $5.9 million during the quarter and announced further redemptions.
Key Highlights
- Q1 2026 Net Income $1.7M, down 90.7% from $18.5M in Q1 2025.
- Q1 2026 Diluted EPS $(0.01), down from $1.83 in Q1 2025.
- Total Revenues increased 11.8% to $159.0M in Q1 2026 from $142.3M.
- Retail cost of revenues rose 39.0% to $132.6M in Q1 2026 from $95.4M.
- Redeemed 232,708 Series A Preferred Stock shares for $5.9M in Q1 2026.
- Net cash provided by operating activities decreased 62.4% to $9.4M.
- Q1 2026 Retail Electricity revenue $86.9M; Retail Natural Gas revenue $68.5M.
- Long-term Senior Credit Facility increased to $130.0M from $120.0M.