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Via Renewables Inc.'s stock VIA, -0.11% was up by 12.8% in premarket trading on Tuesday after the retail energy services company's Chief Executive William Keith Maxwell III offered to take the business private for $11 a share, implying a total market capitalization of $118.8 million. The price is a 17% premium to the stock's last closing level on Friday.
The Via Renewables, Inc. dividend has been suspended, but should be restored in about a year. Via Renewables preferred shares offer an attractive 15.8% yield, but the common stock is even more compelling at current prices. Moderate natural gas prices are favorable for Via Renewables.
Via Renewables, Inc. (NASDAQ:VIA ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Stephen Rabalais - Investor Relations Keith Maxwell - Chief Executive Officer Mike Barajas - Chief Financial Officer Operator Good morning, ladies and gentlemen. Welcome to the Via Renewables Inc. Third Quarter 2023 Earnings Conference Call.
HOUSTON, TX / ACCESSWIRE / October 23, 2023 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA), an independent retail energy services company, announced today that it plans to present its third quarter 2023 financial results in a conference call and webcast on Thursday, November 2, 2023 at 10:00 AM Central (11:00 AM Eastern). A live webcast of the conference call can be accessed from the Events & Presentations page of the Via Renewables Investor Relations website at ViaRenewables.com.
Publishing heavyweight Simon & Schuster has been acquired by private equity firm KKR for $1.6 billion. This move concludes a prolonged search by its parent company, Paramount Global, which has been seeking a buyer since 2020.
Via Renewables, Inc. (NASDAQ:VIA ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Stephen Rabalais - Investor Relations Keith Maxwell - Chief Executive Officer Mike Barajas - Chief Financial Officer Stephen Rabalais Good morning, and welcome to Via Renewables Second Quarter 2023 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.
Via Renewables is currently paying its preferred shareholders a floating headline yield of 12.15%. This coupon comes on the back of common shares that have seen their quarterly distribution suspended and are down around 62% since the start of 2023. Fiscal 2023 second quarter earnings were strong with the company generating strong cash flows from operations during the quarter.
HOUSTON, TX / ACCESSWIRE / July 28, 2023 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA), an independent retail energy services company, announced today that it plans to present its second quarter 2023 financial results in a conference call and webcast on Thursday, August 3, 2023 at 10:00 AM Central (11:00 AM Eastern). A live webcast of the conference call can be accessed from the Events & Presentations page of the Via Renewables Investor Relations website at ViaRenewables.com.
Via Renewables took a $60 million hit in 2021 as Winter Storm Uri caused Texas natural gas prices to briefly spike to astronomical levels. Record U.S. natural gas price volatility and high prices also hurt VIA in 2022.
Via Renewables, Inc. (NASDAQ:VIA ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Stephen Rabalais - Investor Relations Keith Maxwell - Chief Executive Officer Mike Barajas - Chief Financial Officer Operator Good morning, ladies and gentlemen. Welcome to the Via Renewables First Quarter 2023 Earnings Conference Call.