Via Renewables, Inc.

Good morning, ladies and gentlemen, and welcome to VIA Renewables Incorporated Third Quarter 2022 Earnings Conference Call. My name is Melissa, and I will be your operator for today. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded for replay purposes, and this call will be posted on Via Renewables website. I would now like to turn the conference over to Mr. Stephen Rapale with Via Renewables. Please go ahead.

Thank you, Melissa. Good morning and welcome to Via Renewables third 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 from 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 will 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. With that, I'll turn the call over to Keith Maxwell, our CEO.

Thank you, Stephen. I want to welcome everyone to today's earning call. I'll begin by providing a summary of results from the third quarter, and then our CFO, Mike Brahas, will provide more details on the financial results. In the third quarter, we reported an adjusted EBITDA of $15.1 million compared to $22 million in the third quarter of 2021. The decrease is mainly contributed or attributable to a reduction in G&A in 2021. The largest factors were legal accrual reductions and a 1.1 payroll tax credit taken in the third quarter of 2021. Additionally, we had a half million add back from the winter storm, URI, in the third quarter of 2021. The decrease is partially due to a $1.4 million increase in customer acquisition spend. VIA spent $1.7 million in customer acquisition spend compared to $0.3 million in the third quarter of 2021. VIA remains dedicated to growing organically as well as through strategic acquisitions. We're pleased to announce that in the third quarter we entered into an agreement to acquire approximately 18,700 RCEs in Florida gas market, and we're excited to expand our footprint in Florida. Historically, our book has been more heavily weighted in the Northeast and Mid-Atlantic regions. We believe that geographical diversification will continue to add to the stability and the predictability of our cash flow. That concludes my prepared remarks, and now I'll turn the call over to Mike for his financial view and review. Mike?