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6Material company update
Apr 20, 2026·SEC
Material company update
Jan 16, 2026·SEC
Material company update
Dec 5, 2025·SEC
Via Renewables, Inc.(VIASP)Earnings, Financials & Key Ratios
VIASP•NASDAQ•Utilities
$25.59
9.5× P/E·Price updated Jun 30, 2026
AboutVia Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. It operates in two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers. The Retail Natural Gas segment is involved in the transportation, distribution, and sale of natural gas to residential and commercial customers. As of March 2, 2022, the company operated in 101 utility service territories across 19 states and the District of Columbia. It has approximately 408,000 residential customer equivalents. The company was formerly known as Spark Energy, Inc. and changed its name to Via Renewables, Inc. in August 2021. Via Renewables, Inc. was founded in 1999 and is headquartered in Houston, Texas.Show more
- Revenue$466M+16.9%
- EBITDA$85M-8.8%
- Net Income$19M-68.6%
- Free Cash Flow$25M-46.4%
- EBITDA Margin18.31%-22.0%
- Net Margin4.11%-73.2%
- ROE12.84%-69.4%
- Interest Coverage8.45
- Debt/Equity0.89+38.6%
VIASP Price & Volume
Via Renewables, Inc. (VIASP) stock price & volume — 10-year historical chart
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Volatile Retail Margins Obscure Asset-Light Solvency
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Commodity and churn volatility
Key Thesis Takeaways
- Via Renewables operates an asset-light retail energy model that remains highly susceptible to wholesale commodity price fluctuations and derivative accounting distortions, as evidenced by operating margins collapsing from 76.9% in 2024Q4 to 3.0% in 2026Q1.
- While the company successfully reached a zero-debt position in 2026Q1, the significant erosion of the equity base from $155.7 million in 2025Q1 to $66.3 million suggests structural challenges in maintaining long-term shareholder value.
- Investors should remain cautious as the lack of a physical rate base and erratic dividend coverage ratios, which swung to a negative 0.7 in 2025Q4, indicate high operational risk despite current liquidity buffers.
Verdict Logic
the company's dividend payout ratio of 120.9% in 2026Q1 and the extreme volatility in core profitability metrics suggest that the current 10.4% dividend yield may not be sustainable.
VIASP Growth Metrics
Via Renewables, Inc. (VIASP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.67%
5 Years-3.42%
3 Years0.42%
TTM13.03%
Profit CAGR
10 Years17.36%
5 Years-6.85%
3 Years36.21%
TTM-57.64%
EPS CAGR
10 Years26.37%
5 Years-8.97%
3 Years-8.72%
TTM-85.02%
Return on Capital
10 Years22.8%
5 Years17.94%
3 Years26.12%
Last Year24.21%
VIASP Recent Earnings
Via Renewables, Inc. (VIASP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (100%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 1, 2026Metric
Actual
Est
EPS
$1.26+1160.0%
$0.10
Rev
$128M-48.6%
$250M
Q2 2026
Apr 30, 2026Metric
Actual
Est
EPS
$0.12+108.3%
$1.45
Rev
$159M-13.9%
$185M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.20
—
Rev
$103M
—
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.72
—
Rev
$90M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $1.26vs $0.10+1160.0% | $128Mvs $250M-48.6% |
| Q2 2026 | Apr 30, 2026 | $0.12vs $1.45+108.3% | $159Mvs $185M-13.9% |
| Q4 2025 | Nov 6, 2025 | $0.20 | $103M |
| Q3 2025 | Jul 31, 2025 | $0.72 | $90M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Via Renewables, Inc. (VIASP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.59 | $97.05M | 9.48 | 16.9% | 4.11% | 12.84% | 10.4% | |
| $1.73 | $29.16M | 4.33 | -1.27% | 10.38% | — | — | |
| $149.11 | $31.46B | 37.18 | 9.17% | 0.74% | 8.84% | — | |
| $21.26 | $3.51B | -6.13 | — | — | -58.28% | — | |
| $1.90 | $418.43M | -1.88 | 2.56% | -22.65% | -17.17% | — | |
| $26.57 | $1.41B | 32.01 | 9.16% | 1.59% | 2.86% | — |
Compare VIASP vs Peers
Via Renewables, Inc. (VIASP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VIASP SEC Filings & Documents
Via Renewables, Inc. (VIASP) SEC filings — annual & quarterly reports (10-K, 10-Q)
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VIASP Frequently Asked Questions
Via Renewables, Inc. (VIASP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Via Renewables, Inc.'s revenue?
Via Renewables, Inc. (VIASP) reported $480.7M in revenue for fiscal year 2025. This represents a 27% increase from $379.1M in 2012.
How fast is Via Renewables, Inc. growing?
Via Renewables, Inc. (VIASP) grew revenue by 16.9% over the past year. This is strong growth.
Is VIASP profitable?
Yes, Via Renewables, Inc. (VIASP) is profitable, generating $12.1M in net income for fiscal year 2025 (4.1% net margin).
Dividend & Returns
Does VIASP pay dividends?
Yes, Via Renewables, Inc. (VIASP) pays a dividend with a yield of 10.40%. This makes it attractive for income-focused investors.
What is VIASP's return on equity?
Via Renewables, Inc. (VIASP) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.
What is Via Renewables, Inc.'s free cash flow?
Via Renewables, Inc. (VIASP) generated $22.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Is VIASP's dividend sustainable?
Via Renewables, Inc. (VIASP) has a dividend payout ratio of 52%. This suggests the dividend is well-covered and sustainable.