Via Renewables, Inc. Q1 FY2024 earnings call

• Keith Maxwell welcomed everyone and provided a summary of results, noting adjusted EBITDA decrease, customer book growth. • Mike Barajas discussed financials: adjusted EBITDA, retail gross margins for electricity and gas, G&A expenses, net income, mark-to-market gains on hedges, and dividend details. • Keith thanked employees, suppliers, and customers, and mentioned excitement for the future.

In the first quarter, adjusted EBITDA was $15.1 million, a $3.7 million decrease from the prior year's $18.8 million due to lower unit margins and mild weather reducing gas volumes. Retail gross margin for the quarter was $35.7 million, down from $40.3 million last year. Retail electricity segment gross margin was $18.9 million vs $20.5 million in Q1 2023, decreasing due to lower unit margins but partially offset by higher volumes from more RCEs. Retail natural gas segment gross margin was $16.2 million vs $19.9 million in Q1 2023, affected by lower unit margins and volumes. Customer book grew to 338,000 RCEs from 335,000 at the start of the year, and the percentage of customer-based POR markets increased, lowering credit risk.

• Entered into an agreement to acquire approximately 12,500 RCEs in existing markets, which will be accretive to the bottom line beginning in the second quarter of 2024. • Committed to being open to potential future tuck-in acquisitions and growing the customer base in line with long-term growth strategies.