Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 03, 2015 1:37 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Enviva Partners, LP

Company Overview

Enviva Partners, LP focuses on the production and distribution of utility-grade wood pellets to power generators. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland. Enviva Partners, LP operates as a subsidiary of Enviva Holdings, LP.

7200 Wisconsin Avenue

Suite 1000

Bethesda, MD 20814

United States

Founded in 2013

338 Employees

Phone:

301-657-5560

Key Executives for Enviva Partners, LP

Enviva Partners, LP does not have any Key Executives recorded.

Enviva Partners, LP Key Developments

Enviva Partners, LP Provides Earnings Guidance for the Second Half of 2015

Enviva Partners, LP provided earnings guidance for the second half of 2015. For the second half of 2015, the Partnership expects its existing business to generate net income in the range of $11.5 million to $13.5 million, adjusted EBITDA in the range of $30.0 million to $32.0 million, maintenance capital expenditures in the range of $1.5 million to $2.0 million, and interest expense net of amortization of debt issuance costs and original issue discount of $4.7 million. As a result, the Partnership expects to generate distributable cash flow of $23.0 million to $25.0 million for the second half of 2015.

Enviva Partners Seeks Acquisitions

Enviva Partners, LP (NYSE:EVA) is seeking acquisitions. Steve Reeves, Chief Financial Officer, said, "We closed the quarter with $77 million of cash on hand that is available for general, corporate purposes including potential acquisitions."

Enviva Partners, LP Announces Consolidated Financial Results for the Second Quarter and Six Months Ended June 30. 2015

Enviva Partners, LP announced consolidated financial results for the second quarter and six months ended June 30. 2015. For the quarter, the company reported product sales $107,195,000 against $67,328,000 a year ago. Net revenue was $109,659,000 against $68,551,000 a year ago. Income from operations was $8,778,000 against $396,000 a year ago. Income before tax expense was $1,026,000 against loss before tax of $1,871,000 a year ago. Net income attributable to company was $1,034,000 against net loss of $1,850,000 a year ago. Net income per basic and diluted limited partner unit was $0.24. Exceeded plan and generated adjusted EBITDA was $16.0 million (on net income of $1.0 million). The improvement was due t o a $15 per metric ton improvement in adjusted gross margin, which was a result of increased revenue, improved cost posit ion, and a favorable mix of customer off-take and marine shipping contract pricing, partially offset by the increases in general and administrative costs. The increases in revenue and net income were primarily the result of contracts acquired as part of the acquisition of its Cottondale plant, as well as a maintenance out age at one of its off-take customer's plant s last year. The increase in net income was partially offset by increases in general and administrative costs, largely due to forming and being a public company, and cost of goods sold associated with higher sales volumes. Maintenance capital expenditures was $12,438,000. For the six months, the company reported product sales $220,776,000 against $133,146,000 a year ago. Net revenue was $223,973,000 against $135,049,000 a year ago. Income from operations was $16,663,000 against loss from operations of $664,000 a year ago. Income before tax expense was $6,193,000 against loss before tax of $5,228,000 a year ago. Net income attributable to company was $3,553,000 against net loss of $5,186,000 a year ago. Net income per basic and diluted limited partner unit was $0.24. Net cash provided by operating activities was $32,283,000 against $19,672,000 a year ago. Purchases of property, plant and equipment was $2,401,000 against $12,982,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Primal Energy Corporation United States
Williams Four Corners, LLC United States
Ranger Fuel Corporation United States
Balanced Energy, LLC United States
Panda Ethanol Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Enviva Partners, LP, please visit www.envivabiomass.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.