Via Renewables, Inc.

Good morning, ladies and gentlemen. Welcome to VR Renewable Inc's second quarter 2022 earnings conference call. My name is Donna, and I will be your operator for today. At this time, all participants are on a listen-only mode. If you do require operator assistance during the event, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded for replay purposes, and this call will be posted on VR Renewable Inc's website. I would now like to turn the conference over to Mr. Stephen Rabelais, with Via Renewable, Inc. Please go ahead.

Thank you. Good morning and welcome to Via Renewable's second quarter 2022 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. With us today for management is our CEO, Keith Maxwell, and our CFO, Mike Barajas. Please note that today's discussion may contain forward-looking statements, which are based on assumptions that we believe to be reasonable as of this date. Actual results may differ materially. We urge everyone to review the Safe Harbor Statement and yesterday's earnings release, as well as the risk factors in our SEC filings. We undertake no obligation to update these statements as a result of future events except as required by law. In addition, we'll refer to both GAAP and non-GAAP financial measures. For information regarding our non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures, please refer to yesterday's earnings release. But that'll turn the call over to Keith Maxwell, our CEO.

Keith Maxwell Thank you, Stephen. I want to welcome everyone to today's earnings call. I'll begin by providing a summary of results for the second quarter, and then our CFO, Mike Brahas, will provide more details on the financials. In the second quarter, we reported an adjusted EBITDA of $13.3 million compared to $14.4 million in the second quarter of 2021. The decrease in year-over-year is attributed to the rising commodity prices and the higher customer acquisition spend, offset by a $4.4 million add-back related to Winter Storm URI. VIA's total RCE count increased compared to the second quarter of 2021, mainly due to several customer book acquisitions in the second half of 2021, along with the lower attrition this year in 2022. We're pleased to announce that at the tail end of the second quarter, VIA was able to close on a new $195 million credit facility. We want to thank our administrative agent, Wood Forest National Bank, and the rest of our bank group for helping us close in on this new facility. The facility provides VIA with additional operating flexibility, which will put us in a position to achieve our strategic initiatives. That concludes my prepared remarks, and now I'll turn the call over to Mike for his financial review. Mike?