HOUSTON, TX / ACCESSWIRE / November 2, 2022 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, today reported financial results for the quarter ended September 30, 2022.
Key Highlights
- Reported $(4.9) million in Net Loss and $15.1 million in Adjusted EBITDA for the third quarter
- Achieved $16.6 million in Gross Profit and $30.5 million in Retail Gross Margin for the third quarter
- Total RCE count of 336,000 as of September 30, 2022
- Total Liquidity of $67.7 million as of September 30, 2022
"Via is pleased to announce that in August 2022 we entered into an agreement to acquire a book of retail natural gas customers consisting of approximately 18,700 RCEs in the Florida market. There was no upfront cost and the acquisition will be immediately accretive to Adjusted EBITDA beginning in the third quarter of 2022. In addition, to grow the book, Via significantly increased its customer acquisition spend, spending $1.7 million in the third quarter of 2022 compared to $0.3 million in the third quarter of 2021." said Keith Maxwell, Via Renewables' President and Chief Executive Officer.
Summary Third Quarter 2022 Financial Results
Net Loss for the quarter ended September 30, 2022, was $(4.9) million compared to Net Income of $34.7 million for the quarter ended September 30, 2021. $41.9 million of the decrease was the result of a reduction in the mark-to-market on our hedges, compared to the prior year. The decrease in Net Income was partially offset by a reduction in both income tax expense and depreciation and amortization expense.
For the quarter ended September 30, 2022, Via Renewables reported Adjusted EBITDA of $15.1 million compared to Adjusted EBITDA of $22.0 million for the quarter ended September 30, 2021. Lower Adjusted EBITDA was driven mainly by a reduction of a legal accrual and a payroll tax credit in the third quarter of 2021. In addition we also had higher customer acquisition spend.
For the quarter ended September 30, 2022, Via Renewables reported Gross Profit of $16.6 million compared to Gross Profit of $57.7 million for the quarter ended September 30, 2021. The decrease, compared to the prior year, was largely the result of a reduction in the mark-to-market on our hedges.
For the quarter ended September 30, 2022, Via Renewables reported Retail Gross Margin of $30.5 million compared to Retail Gross Margin of $30.9 million for the quarter ended September 30, 2021. Higher volumes offset by lower unit margins resulted in a decrease in our Gas Retail Gross Margin. Lower volumes offset by higher unit margins resulted in an increase in our Electric Retail Gross Margin.
Liquidity and Capital Resources | |
| |
($ in thousands) | | September 30, 2022 | |
Cash and cash equivalents | | $ | 40,403 | |
Senior Credit Facility Availability (1) | | | 22,247 | |
Subordinated Debt Facility Availability (2) | | | 5,000 | |
Total Liquidity | | $ | 67,650 | |
(1) Reflects amount of Letters of Credit that could be issued based on existing covenants as of September 30, 2022.
(2) The availability of the Subordinated Facility is dependent on our Founder's discretion.
Dividend
On October 20, 2022, Via Renewables' Board of Directors declared quarterly dividends of $0.18125 per share on its Class A common stock payable on December 15, 2022 to holders of record on December 1, 2022, and $0.666071 per share on its Series A Preferred Stock payable on January 17, 2023 to holders of record on January 1, 2023.
Business Outlook
Mr. Maxwell concluded, "We're beginning to see Utilities raise rates to keep up with rising energy prices, which presents an opportunity for Via to be a more competitive option. Heading into the winter, we're positioned well to navigate these rising commodity prices. At the same time, Via is also enjoying an uptick in organic sales while also evaluating potential book acquisitions. Via's goal is to leverage our industry knowledge and business relationships to continue to grow our book and drive long term sustainable growth."
Conference Call and Webcast
Via will host a conference call to discuss third quarter2022 results on Thursday, November 3, 2022, at 10:00 AM Central Time (11:00 AM Eastern).
A live webcast of the conference call can be accessed from the Events page of the Via Renewables Investor Relations website at . An archived replay of the webcast will be available for twelve months following the live presentation.
About Via Renewables, Inc.
Via Renewables, Inc. is an independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for natural gas and electricity. Headquartered in Houston, Texas, Via Renewables currently operates in 102 utility service territories across 19 states and the District of Columbia. Via Renewables offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Via Renewables Investor Relations website at . Investors are urged to monitor our website regularly for information and updates about the Company.
Cautionary Note Regarding Forward Looking Statements
This earnings release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") can be identified by the use of forward-looking terminology including "may," "should," "could," "likely," "will," "believe," "expect," "anticipate," "estimate," "continue," "plan," "intend," "project," or other similar words. All statements, other than statements of historical fact included in this earnings release are forward-looking statements. The forward-looking statements include statements regarding the impacts of the 2021 severe weather event, cash flow generation and liquidity, business strategy, prospects for growth and acquisitions, outcomes of legal proceedings, ability to pay and amount of cash dividends and distributions on our Class A common stock and Series A Preferred Stock, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives, beliefs of management, availability and terms of capital, competition, governmental regulation and general economic conditions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct.
The forward-looking statements in this earnings release are subject to risks and uncertainties. Important factors that could cause actual results to materially differ from those projected in the forward-looking statements include, but are not limited to:
- the ultimate impact of the 2021 severe weather event, including future benefits or costs related to ERCOT market securitization efforts, and any corrective action by the State of Texas, ERCOT, the Railroad Commission of Texas, or the Public Utility Commission of Texas;
- changes in commodity prices, the margins we achieve, and interest rates;
- the sufficiency of risk management and hedging policies and practices;
- the impact of extreme and unpredictable weather conditions, including hurricanes and other natural disasters;
- federal, state and local regulations, including the industry's ability to address or adapt to potentially restrictive new regulations that may be enacted by public utility commissions;
- our ability to borrow funds and access credit markets;
- restrictions and covenants in our debt agreements and collateral requirements;
- credit risk with respect to suppliers and customers;
- our ability to acquire customers and actual attrition rates;
- changes in cost to acquire customers;
- accuracy of billing systems;
- our ability to successfully identify, complete, and efficiently integrate acquisitions into our operations;
- significant changes in, or new changes by, the independent system operators ("ISOs") in the regions we operate;
- competition; and
- the "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, and other public filings and press releases.
You should review the risk factors and other factors noted throughout this earnings release that could cause our actual results to differ materially from those contained in any forward-looking statement. All forward-looking statements speak only as of the date of this earnings release. Unless required by law, we disclaim any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise. It is not possible for us to predict all risks, nor can we assess the impact of all factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
For further information, please contact:
Investor Relations:
Stephen Rabalais,
832-200-3727
Media Relations:
Kira Jordan,
832-255-7302
VIA RENEWABLES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
| Three Months Ended September 30, | | | Nine Months Ended September 30, | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
Revenues: | |
| | |
| | |
| | |
| |
Retail revenues | | $ | 117,187 | | | $ | 98,267 | | | $ | 343,592 | | | $ | 293,721 | |
Net asset optimization revenue (expense) | | | 1,672 | | | | (288 | ) | | | (480 | ) | | | (542 | ) |
Total Revenues | | | 118,859 | | | | 97,979 | | | | 343,112 | | | | 293,179 | |
Operating Expenses: | | | | | | | | | | | | | | | | |
Retail cost of revenues | | | 102,212 | | | | 40,298 | | | | 232,621 | | | | 198,642 | |
General and administrative | | | 16,302 | | | | 9,719 | | | | 44,820 | | | | 33,053 | |
Depreciation and amortization | | | 3,270 | | | | 5,049 | | | | 13,390 | | | | 16,498 | |
Total Operating Expenses | | | 121,784 | | | | 55,066 | | | | 290,831 | | | | 248,193 | |
Operating (loss) income | | | (2,925 | ) | | | 42,913 | | | | 52,281 | | | | 44,986 | |
Other (expense) income: | | | | | | | | | | | | | | | | |
Interest expense | | | (2,002 | ) | | | (1,298 | ) | | | (5,129 | ) | | | (4,161 | ) |
Interest and other income | | | 11 | | | | 63 | | | | 265 | | | | 228 | |
Total other expenses | | | (1,991 | ) | | | (1,235 | ) | | | (4,864 | ) | | | (3,933 | ) |
(Loss) income before income tax expense | | | (4,916 | ) | | | 41,678 | | | | 47,417 | | | | 41,053 | |
Income tax (benefit) expense | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
Net (loss) income | | $ | (4,868 | ) | | $ | 34,657 | | | $ | 38,691 | | | $ | 31,893 | |
Less: Net (loss) income attributable to non-controlling interests | | | (3,987 | ) | | | 19,774 | | | | 21,981 | | | | 14,158 | |
Net (loss) income attributable to Via Renewables, Inc. stockholders | | $ | (881 | ) | | $ | 14,883 | | | $ | 16,710 | | | $ | 17,735 | |
Less: Dividend on Series A Preferred Stock | | | 2,026 | | | | 1,951 | | | | 5,677 | | | | 5,853 | |
Net (loss) income attributable to stockholders of Class A common stock | | $ | (2,907 | ) | | $ | 12,932 | | | $ | 11,033 | | | $ | 11,882 | |
Net (loss) income attributable to Via Renewables, Inc. per share of Class A common stock | | | | | | | | | | | | | | | | |
Basic | | $ | (0.18 | ) | | $ | 0.83 | | | $ | 0.70 | | | $ | 0.79 | |
Diluted | | $ | (0.18 | ) | | $ | 0.82 | | | $ | 0.70 | | | $ | 0.79 | |
Weighted average shares of Class A common stock outstanding | | | | | | | | | | | | | | | | |
Basic | | | 15,858 | | | | 15,572 | | | | 15,754 | | | | 14,965 | |
Diluted | | | 15,858 | | | | 15,686 | | | | 15,863 | | | | 15,099 | |
Selected Balance Sheet Data | |
| | |
| |
(in thousands) | | September 30, 2022 | | | December 31, 2021 | |
Cash and cash equivalents | | | 40,403 | | | | 68,899 | |
Working capital | | | 120,322 | | | | 114,188 | |
Total assets | | | 328,154 | | | | 355,276 | |
Total debt | | | 113,000 | | | | 135,000 | |
Total liabilities | | | 174,931 | | | | 217,637 | |
Total stockholders' equity | | | 58,020 | | | | 53,352 | |
Selected Cash Flow Data | |
| | |
| |
| Nine Months Ended September 30, | |
(in thousands) | | 2022 | | | 2021 | |
Net cash provided by operating activities | | $ | 21,211 | | | $ | 18,772 | |
Net cash used in investing activities | | $ | (6,400 | ) | | $ | (3,689 | ) |
Net cash (used in) provided by financing activities | | $ | (47,780 | ) | | $ | 11,352 | |
Operating Segment Results | |
| | |
| | |
| | |
| |
(in thousands, except volume and per unit operating data) | | Three Months Ended September 30, | | | Nine Months Ended September 30, | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
Retail Electricity Segment | |
| | |
| | |
| | |
| |
Total Revenues | | $ | 104,970 | | | $ | 92,104 | | | $ | 275,301 | | | $ | 242,548 | |
Retail Cost of Revenues | | | 92,816 | | | | 41,035 | | | | 189,092 | | | | 179,762 | |
Less: Net (loss) gain on non-trading derivatives, net of cash settlements | | | (16,353 | ) | | | 22,359 | | | | 14,240 | | | | 46,711 | |
Non-recurring event - Winter Storm Uri | | | - | | | | 497 | | | | 9,565 | | | | (64,403 | ) |
Retail Gross Margin (1) - Electricity | | $ | 28,507 | | | $ | 28,213 | | | $ | 62,404 | | | $ | 80,478 | |
Volumes - Electricity (MWhs) (3) | | | 694,035 | | | | 777,340 | | | | 1,982,684 | | | | 2,013,468 | |
Retail Gross Margin (2) (4) - Electricity per MWh | | $ | 41.07 | | | $ | 36.29 | | | $ | 31.47 | | | $ | 39.97 | |
Retail Natural Gas Segment | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 12,217 | | | $ | 6,163 | | | $ | 68,291 | | | $ | 51,173 | |
Retail Cost of Revenues | | | 9,396 | | | | (737 | ) | | | 43,529 | | | | 18,880 | |
Less: Net gain on non-trading derivatives, net of cash settlements | | | 872 | | | | 4,243 | | | | 4,263 | | | | 5,449 | |
Retail Gross Margin (1) - Gas | | $ | 1,949 | | | $ | 2,657 | | | $ | 20,499 | | | $ | 26,844 | |
Volumes - Gas (MMBtus) | | | 1,170,857 | | | | 668,063 | | | | 7,771,468 | | | | 5,765,588 | |
Retail Gross Margin (2) - Gas per MMBtu | | $ | 1.67 | | | $ | 3.98 | | | $ | 2.64 | | | $ | 4.66 | |
(1) Reflects the Retail Gross Margin attributable to our Retail Electricity Segment or Retail Natural Gas Segment, as applicable. Retail Gross Margin is a non-GAAP financial measure. See "Non-GAAP Performance Measures" for a reconciliation of Retail Gross Margin to its most directly comparable financial measures presented in accordance with GAAP.
(2) Reflects the Retail Gross Margin for the Retail Electricity Segment or Retail Natural Gas Segment, as applicable, divided by the total volumes in MWh or MMBtu, respectively.
(3) Excludes volumes (8,402 MWhs) related to Winter Storm Uri impact for the nine months ended September, 30, 2021.
(4) Retail Gross Margin - Electricity per MWh excludes Winter Storm Uri impact for the nine months ended September 30, 2021.
Reconciliation of GAAP to Non-GAAP Measures
Adjusted EBITDA
We define "Adjusted EBITDA" as EBITDA less (i) customer acquisition costs incurred in the current period, plus or minus (ii) net (loss) gain on derivative instruments, and (iii) net current period cash settlements on derivative instruments, plus (iv) non-cash compensation expense, and (v) other non-cash and non-recurring operating items. EBITDA is defined as net income (loss) before the provision for income taxes, interest expense and depreciation and amortization. This conforms to the calculation of Adjusted EBITDA in our Senior Credit Facility.
We deduct all current period customer acquisition costs (representing spending for organic customer acquisitions) in the Adjusted EBITDA calculation because such costs reflect a cash outlay in the period in which they are incurred, even though we capitalize and amortize such costs over two years. We do not deduct the cost of customer acquisitions through acquisitions of businesses or portfolios of customers in calculating Adjusted EBITDA.
We deduct our net gains (losses) on derivative instruments, excluding current period cash settlements, from the Adjusted EBITDA calculation in order to remove the non-cash impact of net gains and losses on these instruments. We also deduct non-cash compensation expense that results from the issuance of restricted stock units under our long-term incentive plan due to the non-cash nature of the expense.
We adjust from time to time other non-cash or unusual and/or infrequent charges due to either their non-cash nature or their infrequency. We have historically included the financial impact of weather variability in the calculation of Adjusted EBITDA. We will continue this historical approach, but during the first quarter of 2021 we incurred a net pre-tax financial loss of $64.9 million due to Winter Storm Uri. This loss was incurred due to uncharacteristic extended sub-freezing temperatures across Texas combined with the impact of the pricing caps ordered by ERCOT. We believe this event is unusual, infrequent, and non-recurring in nature.
As our Senior Credit Facility is considered a material agreement and Adjusted EBITDA is a key component of our material covenants, we consider our covenant compliance to be material to the understanding of our financial condition and/or liquidity. Our lenders under our Senior Credit Facility allowed $60.0 million of the $64.9 million pre-tax storm loss incurred in the first quarter of 2021 to be added back as a non-recurring item in the calculation of Adjusted EBITDA for our Debt Covenant Calculations. We received a $0.4 million credit from ERCOT for winter storm related losses during the third quarter of 2021, resulting in a net pre-tax storm loss of $64.4 million for the year ended December 31, 2021. In June 2022, we received $9.6 million from ERCOT related to PURA Subchapter N Securitization financing. For consistent presentation of the financial impact of Winter Storm Uri, $5.2 million of the $9.6 million is reflected as non-recurring items reducing Adjusted EBITDA for the nine months ended September 30, 2022.
We believe that the presentation of Adjusted EBITDA provides information useful to investors in assessing our performance and results of operations and that Adjusted EBITDA is also useful for an understanding of our financial condition and/or liquidity due to its use in covenants in our Senior Credit Facility. Adjusted EBITDA is a supplemental financial measure that management and external users of our consolidated financial statements, such as industry analysts, investors, commercial banks and rating agencies, use to assess the following:
- our operating performance as compared to other publicly traded companies in the retail energy industry, without regard to financing methods, capital structure, historical cost basis and specific items not reflective of ongoing operations;
- the ability of our assets to generate earnings sufficient to support our proposed cash dividends;
- our ability to fund capital expenditures (including customer acquisition costs) and incur and service debt; and
- our compliance with financial debt covenants in our Senior Credit Facility.
Retail Gross Margin
We define retail gross margin as gross profit less (i) net asset optimization revenues (expenses), (ii) net gains (losses) on non-trading derivative instruments, (iii) net current period cash settlements on non-trading derivative instruments and (iv) gains (losses) from non-recurring events (including non-recurring market volatility). Retail gross margin is included as a supplemental disclosure because it is a primary performance measure used by our management to determine the performance of our retail natural gas and electricity segments as a result of recurring operations. As an indicator of our retail energy business's operating performance, retail gross margin should not be considered an alternative to, or more meaningful than, gross profit, its most directly comparable financial measure calculated and presented in accordance with GAAP.
We believe retail gross margin provides information useful to investors as an indicator of our retail energy business's operating performance.
We have historically included the financial impact of weather variability in the calculation of Retail Gross Margin. We will continue this historical approach, but during the first quarter of 2021 we added back the $64.9 million financial loss incurred related to Winter Storm Uri, as described above, in the calculation of Retail Gross Margin because the extremity of the Texas storm combined with the impact of unprecedented pricing mechanisms ordered by ERCOT is considered unusual, infrequent, and non-recurring in nature. In June 2022, we received $9.6 million from ERCOT related to PURA Subchapter N Securitization financing. The $9.6 million is reflected as a non-recurring item reducing Retail Gross Margin for the nine months ended September 30, 2022 for consistent presentation of the financial impacts of Winter Storm Uri.
The GAAP measures most directly comparable to Adjusted EBITDA are net income (loss) and net cash provided by (used in) operating activities. The GAAP measure most directly comparable to Retail Gross Margin is gross profit. Our non-GAAP financial measures of Adjusted EBITDA and Retail Gross Margin should not be considered as alternatives to net income (loss), net cash provided by (used in) operating activities, or gross profit. Adjusted EBITDA and Retail Gross Margin are not presentations made in accordance with GAAP and have limitations as analytical tools. You should not consider Adjusted EBITDA or Retail Gross Margin in isolation or as a substitute for analysis of our results as reported under GAAP. Because Adjusted EBITDA and Retail Gross Margin exclude some, but not all, items that affect net income (loss), net cash provided by (used in) operating activities, and gross profit, and are defined differently by different companies in our industry, our definition of Adjusted EBITDA and Retail Gross Margin may not be comparable to similarly titled measures of other companies.
Management compensates for the limitations of Adjusted EBITDA and Retail Gross Margin as analytical tools by reviewing the comparable GAAP measures, understanding the differences between the measures and incorporating these data points into management's decision-making process.
The following tables present a reconciliation of Adjusted EBITDA to net income (loss) and net cash provided (used in) operating activities for each of the periods indicated.
Reconciliation of Adjusted EBITDA to net income (loss): | |
| | |
| | |
| | |
| |
| Three Months Ended September 30, | | | Nine Months Ended September 30, | |
(in thousands) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
Net (loss) income | | $ | (4,868 | ) | | $ | 34,657 | | | $ | 38,691 | | | $ | 31,893 | |
Depreciation and amortization | | | 3,270 | | | | 5,049 | | | | 13,390 | | | | 16,498 | |
Interest expense | | | 2,002 | | | | 1,298 | | | | 5,129 | | | | 4,161 | |
Income tax (benefit) expense | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
EBITDA | | | 356 | | | | 48,025 | | | | 65,936 | | | | 61,712 | |
Less: | | | | | | | | | | | | | | | | |
Net (loss) gain on derivative instruments | | | (1,645 | ) | | | 31,798 | | | | 55,815 | | | | 57,726 | |
Net cash settlements on derivative instruments | | | (14,078 | ) | | | (5,660 | ) | | | (35,922 | ) | | | (6,050 | ) |
Customer acquisition costs | | | 1,684 | | | | 309 | | | | 4,274 | | | | 765 | |
Plus: | | | | | | | | | | | | | | | | |
Non-cash compensation expense | | | 668 | | | | 441 | | | | 2,590 | | | | 2,012 | |
Non-recurring event - Winter Storm Uri | | | - | | | | - | | | | (5,162 | ) | | | 60,000 | |
Non-recurring legal settlement | | | - | | | | - | | | | - | | | | (2,225 | ) |
Adjusted EBITDA | | $ | 15,063 | | | $ | 22,019 | | | $ | 39,197 | | | $ | 69,058 | |
Reconciliation of Adjusted EBITDA to net cash provided by operating activities: | |
| | |
| | |
| | |
| |
| Three Months Ended September 30, | | | Nine Months Ended September 30, | |
(in thousands) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
Net cash provided by operating activities | | $ | 8,267 | | | $ | 9,604 | | | $ | 21,211 | | | $ | 18,772 | |
Amortization of deferred financing costs | | | (206 | ) | | | (275 | ) | | | (919 | ) | | | (792 | ) |
Bad debt expense | | | (1,062 | ) | | | (492 | ) | | | (2,895 | ) | | | (379 | ) |
Interest expense | | | 2,002 | | | | 1,298 | | | | 5,129 | | | | 4,161 | |
Income tax (benefit) expense | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
Non-recurring event - Winter Storm Uri | | | - | | | | - | | | | (5,162 | ) | | | 60,000 | |
Non-recurring legal settlement | | | - | | | | - | | | | - | | | | (2,225 | ) |
Changes in operating working capital | | | | | | | | | | | | | | | | |
Accounts receivable, prepaids, current assets | | | 2,144 | | | | 6,456 | | | | (7,229 | ) | | | (25,305 | ) |
Inventory | | | 2,883 | | | | 1,448 | | | | 3,292 | | | | 1,048 | |
Accounts payable and accrued liabilities | | | 508 | | | | 2,952 | | | | 21,306 | | | | 15,809 | |
Other | | | 575 | | | | (5,993 | ) | | | (4,262 | ) | | | (11,191 | ) |
Adjusted EBITDA | | $ | 15,063 | | | $ | 22,019 | | | $ | 39,197 | | | $ | 69,058 | |
Cash Flow Data: | | | | | | | | | | | | | | | | |
Net cash provided by operating activities | | $ | 8,267 | | | $ | 9,604 | | | $ | 21,211 | | | $ | 18,772 | |
Net cash used in investing activities | | $ | (1,240 | ) | | $ | (2,626 | ) | | $ | (6,400 | ) | | $ | (3,689 | ) |
Net cash (used in) provided by financing activities | | $ | (10,199 | ) | | $ | (13,399 | ) | | $ | (47,780 | ) | | $ | 11,352 | |
The following table presents a reconciliation of Retail Gross Margin to gross profit for each of the periods indicated.
Reconciliation of Retail Gross Margin to Gross Profit | |
| | |
| | |
| | |
| |
| Three Months Ended September 30, | | | Nine Months Ended September 30, | |
(in thousands) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
Total Revenue | | $ | 118,859 | | | $ | 97,979 | | | $ | 343,112 | | | $ | 293,179 | |
Less: | | | | | | | | | | | | | | | | |
Retail cost of revenues | | | 102,212 | | | | 40,298 | | | | 232,621 | | | | 198,642 | |
Gross Profit | | | 16,647 | | | | 57,681 | | | | 110,491 | | | | 94,537 | |
Less: | | | | | | | | | | | | | | | | |
Net asset optimization revenue (expense) | | | 1,672 | | | | (288 | ) | | | (480 | ) | | | (542 | ) |
(Loss) gain on non-trading derivative instruments | | | (1,413 | ) | | | 32,262 | | | | 54,570 | | | | 58,214 | |
Cash settlements on non-trading derivative instruments | | | (14,068 | ) | | | (5,660 | ) | | | (36,067 | ) | | | (6,054 | ) |
Non-recurring event - Winter Storm Uri | | | - | | | | 497 | | | | 9,565 | | | | (64,403 | ) |
Retail Gross Margin | | $ | 30,456 | | | $ | 30,870 | | | $ | 82,903 | | | $ | 107,322 | |
Retail Gross Margin - Retail Electricity Segment (1)(2) | | $ | 28,507 | | | $ | 28,213 | | | $ | 62,404 | | | $ | 80,478 | |
Retail Gross Margin - Retail Natural Gas Segment | | $ | 1,949 | | | $ | 2,657 | | | $ | 20,499 | | | $ | 26,844 | |
(1) Retail Gross Margin - Retail Electricity Segment for the three months ended September 30, 2021 includes a $0.5 million reduction related to the Winter Storm Uri credit settlements received and for the nine months ended September 30, 2021 includes a $64.9 million add back related to Winter Storm Uri.
(2) Retail Gross Margin for the nine months ended September 30, 2022 includes a deduction of $9.6 million related to proceeds received under an ERCOT (Winter Storm Uri) securitization mechanism in June 2022. See further discussion above.
SOURCE: Via Renewables, Inc.
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テキサス州ヒューストン/ACCESSWIRE/2022年11月2日/威盛再生可能エネルギー会社(以下、威盛再生可能エネルギーまたは会社)(ナスダック株式コード:VIA)は独立小売エネルギーサービス会社であり、今日、2022年9月30日までの四半期財務業績を発表した。
主なハイライト
- 第3四半期報告純損失490万ドル、調整後EBITDA 1510万ドル
- 第3四半期には1,660万ドルと小売毛金利3,050万ドルを実現
- 2022年9月30日までのRCE総数は336,000
- 2022年9月30日までの総流動資金は6770万ドル
Viaは、2022年8月に、フロリダ市場で約18,700個のRCEからなる天然ガス小売顧客を買収することで合意したと発表した。前期コストはなく、2022年第3四半期から、今回の買収は直ちに調整後のEBITDAを増加させる。また、顧客規模を拡大するために、Viaは顧客獲得支出を大幅に増加させ、2022年第3四半期の支出は170万ドル、2021年第3四半期は30万ドルとなる。ケス·マクスウェルは再生可能エネルギー会社の総裁と最高経営責任者を通じて言った。
2022年第3四半期の財務業績の概要
2022年9月30日までの四半期純損失は490万ドルだったが、2021年9月30日までの四半期純収益は3470万ドルだった。そのうち4190万ドルの減少は私たちのヘッジが時価ベースで前年より減少したためです。純収益の減少は所得税費用と減価償却及び償却費用の減少分によって相殺される。
威盛再生可能エネルギー報告書の調整後EBITDAは2022年9月30日までの四半期で1510万ドルであったのに対し,2021年9月30日までの四半期調整後EBITDAは2200万ドルであった。調整後EBITDAが低い要因は,2021年第3四半期の法定課税項目と賃金税控除の減少である。しかも、私たちはまたより高い顧客獲得支出を持っている。
威盛再生可能エネルギーが発表した毛利益は2022年9月30日までの四半期で1660万ドルだったが、2021年9月30日までの四半期毛利益は5770万ドルだった。前年と比較して、この低下は私たちの対沖の時価ベースの減少によるところが大きい。
2022年9月30日までの四半期に、威盛再生可能エネルギーが発表した小売毛金利は3050万ドルだったが、2021年9月30日までの四半期小売毛金利は3090万ドルだった。高い販売量は低い単位利益率によって相殺され、私たちの天然ガス小売毛金利が低下した。低い販売量は高い単位利益率によって相殺され、私たちの電子小売毛金利が増加した。
流動性と資本資源 | |
| |
(千ドル) | | 2022年9月30日 | |
現金と現金等価物 | | $ | 40,403 | |
高度な信用手配の可用性(1) | | | 22,247 | |
二次債務ツールの可用性(2) | | | 5,000 | |
総流動資金 | | $ | 67,650 | |
(1)2022年9月30日までに既存契約により発行可能な信用状金額を反映している.
(2)付属施設の可用性は,我々の創始者の適宜決定権に依存する。
配当をする
2022年10月20日、威盛再生可能エネルギー会社の取締役会は、A類普通株の四半期配当金を1株当たり0.18125ドルとし、2022年12月15日に2022年12月1日に登録された保有者に支払い、A系優先株の四半期配当は2023年1月17日に2023年1月1日に登録された保有者に支払うと発表した。
業務展望
マクスウェルは“エネルギー価格の上昇に追いつくために公共事業会社が料率を上げるのを見始めた。これは威盛により競争力のある選択を提供した。冬になると、私たちは大口商品価格の上昇に対応できる有利な地位にある。同時に、威盛は有機販売の増加を享受し、潜在的な図書買収も評価している。威盛の目標は、私たちの業界知識と商業関係を利用して本を成長させ、長期的な持続可能な成長を推進することである”と述べた
電話会議とインターネット放送
威盛は2022年11月3日(木)中部時間午前10:00(東部時間午前11:00)に電話会議を主宰し、2022年第3四半期の業績を検討する。
電話会議のライブ配信はVia Renewables投資家関係サイトのイベントページから取得でき,サイトは:インターネット中継のアーカイブ再放送は、ライブプレゼンテーション後12ヶ月以内に提供されます。
威盛再生可能エネルギー会社の概要
威盛再生可能エネルギー会社は独立した小売エネルギーサービス会社であり、1999年に設立され、米国の競争の激しい市場の住宅と商業顧客に天然ガスと電力の代替選択を提供する。威盛再生可能エネルギー会社の本社はテキサス州ヒューストンに位置し、現在19州とコロンビア特区の102の公共サービス地域で業務を展開している。威盛再生可能エネルギーは、安定かつ予測可能なエネルギーコストとグリーン製品代替案を含む多くの製品とサービス選択を顧客に提供する。
我々は,重要な非公開情報を開示する手段として我々のサイトを用い,FD法規下での開示義務を遵守している.投資家は、ニュース原稿、最新の投資家プレゼンテーション、およびアメリカ証券取引委員会に提出された財務および他の文書を含む新しい材料が、Via Renewables投資家関係サイトに発表されていることに注目すべきである。企業に関する情報や最新の状況を取得するために、定期的に私たちのサイトに注目するように投資家に促す。
前向き陳述に関する注意事項
本財務報告には、多くのリスクと不確実性の影響を受ける展望的な陳述が含まれており、その中の多くのリスクと不確実性は私たちがコントロールできない。これらの前向き表現は、改正された1933年証券法第27 A条(“証券法”)および改正された1934年証券取引法第21 E条(“取引法”)の意味に適合しており、前向き用語を用いることによって識別することができ、これらの前向き用語は、“可能”、“すべき”、“可能”、“将”、“信じる”、“予想”、“予想”、“推定”、“継続”、“計画”、“計画”、“予定”を含む。“プロジェクト、”または他の類似した言葉。歴史的事実に関する陳述を除いて、本収益新聞稿に含まれるすべての陳述は前向き陳述である。展望性表現は2021年の悪天候事件の影響、キャッシュフローの発生と流動性、業務戦略、成長と買収の見通し、法律訴訟結果、私たちA類普通株とAシリーズ優先株の支払い能力と現金配当及び分配金額、将来の運営、財務状況、予想収入と損失、予想コスト、見通し、計画、目標、管理層の信念、獲得性と資本条項、競争、政府監督と全体の経済状況に関する表現を含む。私たちはこのような展望的陳述に反映された予想が合理的だと思うにもかかわらず、私たちはこのような予想が正しいことが証明されることを保証できない。
この財務報告書の展望的な陳述はリスクと不確実性の影響を受けるだろう。実際の結果が前向き陳述において予測された結果と大きく異なることをもたらす可能性のある重要な要素は、これらに限定されない
- 2021年の悪天候イベントの最終的な影響は、ERCOT市場証券化努力に関連する将来の収益またはコスト、およびテキサス州、ERCOT、テキサス州鉄道委員会、またはテキサス州公共事業委員会の任意の修正行動を含む
- 大口商品価格、私たちが達成した利益率、金利の変化
- リスク管理とヘッジ政策と接近の十分性
- ハリケーンや他の自然災害など、極端で予測不可能な気象条件の影響
- 業界が公共事業委員会によって公布される可能性のある限定的な新しい法規を処理または適応する能力を含む連邦、州、および地方法規
- 資金を借り入れ信用市場に参入する能力は
- 債務協定と担保要求の制限とチェーノ
- 供給者や顧客に関する信用リスク
- 顧客の能力と実際の流出率を取得しました
- 顧客獲得コストの変化
- 課金システムの正確性
- 私たちは買収を認識し、達成し、買収を効率的に運営に統合することができます
- 私たちが経営している地域の独立したシステム事業者(“ISO”)の大きな変化や新しい変化
- 競争すること
- 我々は,2021年12月31日までのForm 10−K年度報告における“リスク要因”,その他の公開文書とプレスリリースを行っている。
あなたはこの財務報告で言及されたリスク要素と他の要素を検討すべきであり、これらの要素は私たちの実際の結果が任意の展望的陳述に含まれている結果と大きく異なることを招くかもしれない。すべての前向き陳述は、本決算発表日までの状況のみを説明する。法的要求がない限り、私たちは新しい情報、未来のイベント、または他の理由でこれらの宣言を公開的に更新または修正する義務を負いません。すべてのリスクを予測することは不可能であり、すべての要素が業務に与える影響を評価することもできないし、任意の要素または要素の組み合わせは、実際の結果が任意の前向き陳述に含まれる結果と大きく異なる程度をもたらす可能性がある。
もっと情報が必要でしたら、ご連絡ください
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再生可能エネルギー会社を通じて
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(単位は千、1株当たりのデータは除く)
(未監査)
| 9月30日までの3ヶ月間 | | | 9月30日までの9ヶ月間 | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
収入: | |
| | |
| | |
| | |
| |
小売収入 | | $ | 117,187 | | | $ | 98,267 | | | $ | 343,592 | | | $ | 293,721 | |
純資産が収入を最適化する | | | 1,672 | | | | (288 | ) | | | (480 | ) | | | (542 | ) |
総収入 | | | 118,859 | | | | 97,979 | | | | 343,112 | | | | 293,179 | |
運営費用: | | | | | | | | | | | | | | | | |
小売収入コスト | | | 102,212 | | | | 40,298 | | | | 232,621 | | | | 198,642 | |
一般と行政 | | | 16,302 | | | | 9,719 | | | | 44,820 | | | | 33,053 | |
減価償却および償却 | | | 3,270 | | | | 5,049 | | | | 13,390 | | | | 16,498 | |
総運営費 | | | 121,784 | | | | 55,066 | | | | 290,831 | | | | 248,193 | |
営業収入 | | | (2,925 | ) | | | 42,913 | | | | 52,281 | | | | 44,986 | |
その他(費用)収入: | | | | | | | | | | | | | | | | |
利子支出 | | | (2,002 | ) | | | (1,298 | ) | | | (5,129 | ) | | | (4,161 | ) |
利子とその他の収入 | | | 11 | | | | 63 | | | | 265 | | | | 228 | |
その他費用合計 | | | (1,991 | ) | | | (1,235 | ) | | | (4,864 | ) | | | (3,933 | ) |
所得税前収入支出 | | | (4,916 | ) | | | 41,678 | | | | 47,417 | | | | 41,053 | |
所得税(福祉)費用 | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
純収益 | | $ | (4,868 | ) | | $ | 34,657 | | | $ | 38,691 | | | $ | 31,893 | |
差し引く:非持株権益による純収入 | | | (3,987 | ) | | | 19,774 | | | | 21,981 | | | | 14,158 | |
Via Renewables,Inc.株主は純収入を占めなければならない | | $ | (881 | ) | | $ | 14,883 | | | $ | 16,710 | | | $ | 17,735 | |
差し引く:Aシリーズ優先株の配当 | | | 2,026 | | | | 1,951 | | | | 5,677 | | | | 5,853 | |
A類普通株株主は純収入を占めるべきである | | $ | (2,907 | ) | | $ | 12,932 | | | $ | 11,033 | | | $ | 11,882 | |
威盛再生可能エネルギー会社のA類普通株1株当たりの純収入 | | | | | | | | | | | | | | | | |
基本的な情報 | | $ | (0.18 | ) | | $ | 0.83 | | | $ | 0.70 | | | $ | 0.79 | |
薄めにする | | $ | (0.18 | ) | | $ | 0.82 | | | $ | 0.70 | | | $ | 0.79 | |
クラスA発行済み普通株式加重平均株式 | | | | | | | | | | | | | | | | |
基本的な情報 | | | 15,858 | | | | 15,572 | | | | 15,754 | | | | 14,965 | |
薄めにする | | | 15,858 | | | | 15,686 | | | | 15,863 | | | | 15,099 | |
選定された貸借対照表データ | |
| | |
| |
(単位:千) | | 2022年9月30日 | | | 2021年12月31日 | |
現金と現金等価物 | | | 40,403 | | | | 68,899 | |
運営資本 | | | 120,322 | | | | 114,188 | |
総資産 | | | 328,154 | | | | 355,276 | |
債務総額 | | | 113,000 | | | | 135,000 | |
総負債 | | | 174,931 | | | | 217,637 | |
株主権益総額 | | | 58,020 | | | | 53,352 | |
選定されたキャッシュフローデータ | |
| | |
| |
| 9月30日までの9ヶ月間 | |
(単位:千) | | 2022 | | | 2021 | |
経営活動が提供する現金純額 | | $ | 21,211 | | | $ | 18,772 | |
投資活動のための現金純額 | | $ | (6,400 | ) | | $ | (3,689 | ) |
融資活動が提供する現金純額 | | $ | (47,780 | ) | | $ | 11,352 | |
細分化市場を運営した結果 | |
| | |
| | |
| | |
| |
(単位は千で、数量や単位実行データは含まれていません) | | 9月30日までの3ヶ月間 | | | 9月30日までの9ヶ月間 | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
小売電力細分化市場 | |
| | |
| | |
| | |
| |
総収入 | | $ | 104,970 | | | $ | 92,104 | | | $ | 275,301 | | | $ | 242,548 | |
小売収入コスト | | | 92,816 | | | | 41,035 | | | | 189,092 | | | | 179,762 | |
差し引く:非取引デリバティブの純収益、現金控除決済 | | | (16,353 | ) | | | 22,359 | | | | 14,240 | | | | 46,711 | |
非再現性イベント−冬の嵐URI | | | - | | | | 497 | | | | 9,565 | | | | (64,403 | ) |
小売利回り (1)-電気だ | | $ | 28,507 | | | $ | 28,213 | | | $ | 62,404 | | | $ | 80,478 | |
音量-電力量(メガワット)(3) | | | 694,035 | | | | 777,340 | | | | 1,982,684 | | | | 2,013,468 | |
小売利回り(2) (4) -1メガワットあたりの電力使用量 | | $ | 41.07 | | | $ | 36.29 | | | $ | 31.47 | | | $ | 39.97 | |
天然ガス小売細分化市場 | | | | | | | | | | | | | | | | |
総収入 | | $ | 12,217 | | | $ | 6,163 | | | $ | 68,291 | | | $ | 51,173 | |
小売収入コスト | | | 9,396 | | | | (737 | ) | | | 43,529 | | | | 18,880 | |
差し引く:現金決済後の非取引デリバティブ純収益 | | | 872 | | | | 4,243 | | | | 4,263 | | | | 5,449 | |
小売利回り(1) -天然ガス | | $ | 1,949 | | | $ | 2,657 | | | $ | 20,499 | | | $ | 26,844 | |
体積-ガス(MMBtus) | | | 1,170,857 | | | | 668,063 | | | | 7,771,468 | | | | 5,765,588 | |
小売利回り(2) -MMBtuガスあたり | | $ | 1.67 | | | $ | 3.98 | | | $ | 2.64 | | | $ | 4.66 | |
(1)我々の小売電力分部または小売天然ガス分部(適用に応じて)を反映した小売毛利。小売毛金利は非公認会計基準の財務指標である。小売毛利とそれが公認会計原則に基づいて列報した最も直接比較可能な財務指標の入金については、“非公認会計原則業績測定基準”を参照してください。
(2)小売電力分部または小売天然ガス分部(いずれに適用されるかに応じて)を反映した小売毛利を、それぞれメガワット時またはMMBtu単位の総容量で割る。
(3)2021年9月30日までの9ヶ月間の冬の嵐URI影響に関連する容量(8,402メガワット)は含まれていない。
(4)小売毛金利2021年9月30日までの9ヶ月間、1兆WHr電力に冬季嵐URIの影響は含まれていません。
GAAPと非GAAP指標の入金
調整後EBITDA
“調整後EBITDA”を,EBITDAから(I)当期に生じる顧客獲得コストを減算し,(Ii)派生ツールの純(損失)収益を加算または減算,(Iii)デリバティブの当期現金決済純額,(Iv)非現金補償費用,および(V)他の非現金と非日常経営項目と定義する。EBITDAは,所得税,利息支出,減価償却および償却準備前の純収益(赤字)を差し引くと定義されている。これは我々の高度な信用手配における調整後のEBITDAの計算と一致する。
我々は,このようなコストを資本化して2年以内に償却しても,発生期間中の現金支出を反映しているため,調整後のEBITDA計算では今期の顧客獲得コスト(有機顧客獲得に代表される支出)をすべて差し引いた。調整後EBITDAを計算する際には,業務や顧客ポートフォリオを買収することで顧客を得るコストは差し引かない。
調整後のEBITDA計算から派生ツールの純収益(損失)を差し引き,今期の現金決済を含まず,純収益と純損失がこれらのツールの非現金に及ぼす影響を除去した。費用の非現金性のため、長期インセンティブ計画の下で制限株式単位を発行することによる非現金補償費用も差し引かれました。
非現金的または一般的ではないので、他の非現金または異常および/または一般的ではない料金を時々調整します。我々は従来,天気変化の財務影響を調整後EBITDAの計算に計上してきた。このような歴史的な方法を続けますが、2021年第1四半期に、冬の嵐のURIのため、6490万ドルの税引前純財務損失が発生しました。この損失は,テキサス州の並外れたゼロ度以下の持続気温およびERCOT注文の定価上限の影響によるものである。この事件は尋常ではなく,まれであり,性質的には二度と起こらないと考えられる.
私たちの高級信用手配は重大な合意とみなされているため、調整後のEBITDAは私たちの重大な契約の重要な構成部分であり、私たちが契約を遵守することは私たちの財務状況と/あるいは流動性を理解するために重要な意義があると考えられる。私たちの高級信用手配下の貸手は、2021年第1四半期に発生した6490万ドルの税引前嵐損失の6000万ドルを調整後EBITDA計算における非日常的なプロジェクトとして、私たちの債務契約計算に使用することを許可した。2021年第3四半期、私たちはERCOTから40万ドルの冬季嵐関連損失相殺を獲得し、2021年12月31日までの年間税引き前純損失6440万ドルを招いた。2022年6月、私たちはERCOTから960万ドルを受け取り、プラNの証券化融資と関係がある。冬季ストームURIの財務影響を一貫して示すために,960万ドルのうち520万ドルが非日常的な項目に反映され,2022年9月30日までの9カ月間の調整後EBITDAが減少した。
調整後EBITDAの列報は、投資家が私たちの業績や経営結果を評価するために有用な情報を提供し、調整後のEBITDAも、私たちの高度な信用手配の契約で使用されるため、私たちの財務状況および/または流動性を理解するのに役立つと信じています。調整後のEBITDAは、業界アナリスト、投資家、商業銀行と格付け機関などの財務報告書の管理層と外部ユーザーを統合し、以下の方面の補充財務指標を評価するためのものである
- 我々の経営業績は、小売エネルギー業界の他の上場企業と比較して、融資方式、資本構造、歴史的コスト基礎、持続的な運営を反映できない具体的な項目を考慮していない
- 私たちの資産が生み出す収益は私たちが提案した現金配当金の能力を支持するのに十分だ
- 私たちは資本支出(顧客獲得コストを含む)と債務の発生と返済に資金を提供する能力;
- 私たちは私たちの高度な信用手配で金融債務契約を遵守する。
小売利回り
小売毛利を,毛利から(I)純資産最適化収入(支出),(Ii)非取引由来ツールの純収益(損失),(Iii)非取引デリバティブの当期現金決済純額および(Iv)非日常的事象(非日常的市場変動を含む)の収益(損失)と定義する。小売毛利は補充開示として含まれています。私たちの経営陣が私たちの小売天然ガスと電力部門が日常的な運営によって表現している主要な業績指標を決定するために使われているからです。私たちの小売エネルギー業務の経営業績の指標として、小売毛利率は毛利益の代替指標と見なすべきではなく、毛利益よりもっと意義のある指標と見なすべきではなく、毛利益は公認会計基準に基づいて計算と公表された最も直接比較可能な財務指標である。
私たちは、小売毛金利は投資家に有用な情報を提供し、私たちの小売エネルギー業務の経営業績の指標となると信じている。
私たちは従来、天気変化が財務に与える影響を小売毛利の計算に計上してきた。このような歴史的方法を続けますが、2021年第1四半期に、小売毛金利の計算に冬の嵐URIに関連する6490万ドルの財務損失を計上しましたが、上述したように、テキサス嵐の極端さに加え、ERCOT注文の前例のない価格設定メカニズムの影響により、尋常ではなく、まれで非重複であると考えられています。2022年6月、私たちはERCOTから960万ドルを受け取り、プラNの証券化融資と関係がある。この960万ドルは非日常的な項目に反映され,2022年9月30日までの9カ月間の小売毛金利を減少させ,冬季ストームURIの財務影響を一致して列記した。
調整後のEBITDAと最も直接的に比較できるのは,経営活動から提供される純収益(損失)と純現金である。小売毛利金利と最も直接比較可能なGAAP指標は毛利である。我々の調整後EBITDAと小売毛金利の非GAAP財務指標は純収益(損失)、経営活動が提供する純現金または毛利益の代替案と見なすべきではない。調整後のEBITDAと小売毛金利は公認会計基準に基づいた列報ではなく、分析ツールとして限界がある。調整後のEBITDAや小売毛金利を孤立的に考慮したり、GAAP報告による私たちの業績分析の代替としたりするべきではありません。調整後EBITDAと小売毛利はいくつか(すべてではない)が純収益(赤字)、経営活動に影響を与える現金純額と毛利の項目を提供していないため、業界内の異なる会社の調整後EBITDAと小売毛利の定義が異なるため、調整後EBITDAと小売毛利金利の定義は他社の類似名称測定基準と比較できない可能性がある。
管理層は比較可能なGAAP測定標準を審査することを通じて、測定基準間の差異を理解し、そしてこれらのデータ点を管理層の意思決定過程に組み入れ、調整後のEBITDAと小売毛利率の分析ツールとしての局限性を補った。
下表に調整後のEBITDAと示した期間ごとの純収益(損失)と経営活動を提供した純現金との台帳を示す。
調整後EBITDAと純収入(損失)の入金: | |
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| | |
| | |
| |
| 9月30日までの3ヶ月間 | | | 9月30日までの9ヶ月間 | |
(単位:千) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
純収益 | | $ | (4,868 | ) | | $ | 34,657 | | | $ | 38,691 | | | $ | 31,893 | |
減価償却および償却 | | | 3,270 | | | | 5,049 | | | | 13,390 | | | | 16,498 | |
利子支出 | | | 2,002 | | | | 1,298 | | | | 5,129 | | | | 4,161 | |
所得税(福祉)費用 | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
EBITDA | | | 356 | | | | 48,025 | | | | 65,936 | | | | 61,712 | |
もっと少ない: | | | | | | | | | | | | | | | | |
派生ツール純収益 | | | (1,645 | ) | | | 31,798 | | | | 55,815 | | | | 57,726 | |
派生ツール現金純決済額 | | | (14,078 | ) | | | (5,660 | ) | | | (35,922 | ) | | | (6,050 | ) |
顧客獲得コスト | | | 1,684 | | | | 309 | | | | 4,274 | | | | 765 | |
また: | | | | | | | | | | | | | | | | |
非現金補償費用 | | | 668 | | | | 441 | | | | 2,590 | | | | 2,012 | |
非再現性イベント−冬の嵐URI | | | - | | | | - | | | | (5,162 | ) | | | 60,000 | |
非日常性法和解 | | | - | | | | - | | | | - | | | | (2,225 | ) |
調整後EBITDA | | $ | 15,063 | | | $ | 22,019 | | | $ | 39,197 | | | $ | 69,058 | |
調整後EBITDAと経営活動が提供する現金純額の入金: | |
| | |
| | |
| | |
| |
| 9月30日までの3ヶ月間 | | | 9月30日までの9ヶ月間 | |
(単位:千) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
経営活動が提供する現金純額 | | $ | 8,267 | | | $ | 9,604 | | | $ | 21,211 | | | $ | 18,772 | |
繰延融資コストの償却 | | | (206 | ) | | | (275 | ) | | | (919 | ) | | | (792 | ) |
不良支出 | | | (1,062 | ) | | | (492 | ) | | | (2,895 | ) | | | (379 | ) |
利子支出 | | | 2,002 | | | | 1,298 | | | | 5,129 | | | | 4,161 | |
所得税(福祉)費用 | | | (48 | ) | | | 7,021 | | | | 8,726 | | | | 9,160 | |
非再現性イベント−冬の嵐URI | | | - | | | | - | | | | (5,162 | ) | | | 60,000 | |
非日常性法和解 | | | - | | | | - | | | | - | | | | (2,225 | ) |
運営資金変動状況 | | | | | | | | | | | | | | | | |
売掛金、前払い帳簿、流動資産 | | | 2,144 | | | | 6,456 | | | | (7,229 | ) | | | (25,305 | ) |
在庫品 | | | 2,883 | | | | 1,448 | | | | 3,292 | | | | 1,048 | |
売掛金と売掛金 | | | 508 | | | | 2,952 | | | | 21,306 | | | | 15,809 | |
他にも | | | 575 | | | | (5,993 | ) | | | (4,262 | ) | | | (11,191 | ) |
調整後EBITDA | | $ | 15,063 | | | $ | 22,019 | | | $ | 39,197 | | | $ | 69,058 | |
キャッシュフローデータ: | | | | | | | | | | | | | | | | |
経営活動が提供する現金純額 | | $ | 8,267 | | | $ | 9,604 | | | $ | 21,211 | | | $ | 18,772 | |
投資活動のための現金純額 | | $ | (1,240 | ) | | $ | (2,626 | ) | | $ | (6,400 | ) | | $ | (3,689 | ) |
融資活動が提供する現金純額 | | $ | (10,199 | ) | | $ | (13,399 | ) | | $ | (47,780 | ) | | $ | 11,352 | |
次の表に指定期間ごとの小売毛利と毛利の入金状況を示す。
小売り毛利と毛利の掛け合い | |
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| |
| 9月30日までの3ヶ月間 | | | 9月30日までの9ヶ月間 | |
(単位:千) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
総収入 | | $ | 118,859 | | | $ | 97,979 | | | $ | 343,112 | | | $ | 293,179 | |
もっと少ない: | | | | | | | | | | | | | | | | |
小売収入コスト | | | 102,212 | | | | 40,298 | | | | 232,621 | | | | 198,642 | |
毛利 | | | 16,647 | | | | 57,681 | | | | 110,491 | | | | 94,537 | |
もっと少ない: | | | | | | | | | | | | | | | | |
純資産が収入を最適化する | | | 1,672 | | | | (288 | ) | | | (480 | ) | | | (542 | ) |
非取引デリバティブの収益 | | | (1,413 | ) | | | 32,262 | | | | 54,570 | | | | 58,214 | |
非取引デリバティブの現金決済 | | | (14,068 | ) | | | (5,660 | ) | | | (36,067 | ) | | | (6,054 | ) |
非再現性イベント−冬の嵐URI | | | - | | | | 497 | | | | 9,565 | | | | (64,403 | ) |
小売利回り | | $ | 30,456 | | | $ | 30,870 | | | $ | 82,903 | | | $ | 107,322 | |
小売毛金利-小売電力部門(1)(2) | | $ | 28,507 | | | $ | 28,213 | | | $ | 62,404 | | | $ | 80,478 | |
小売毛金利-小売天然ガス部門 | | $ | 1,949 | | | $ | 2,657 | | | $ | 20,499 | | | $ | 26,844 | |
(1)2021年9月30日までの3ヶ月間の小売毛金利-小売電力部門は、受信した冬の嵐URI信用決済に関連する50万ドルの減少と、2021年9月30日までの9ヶ月間の冬の嵐URIに関連する6490万ドルの増加を含む。
(2)2022年9月30日までの9ヶ月間の小売毛金利には、2022年6月にEERCOT(冬季ストームURI)証券化機構により受信された収益に関連する960万ドルの控除が含まれる。上の更なる議論を参照されたい。
資料源:再生可能エネルギー会社を通じて
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