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Stock impact report

Enviva Partners, LP Reports Financial Results for the Fourth Quarter and Full Year 2019 and Announces New Off-Take Contracts

Enviva Inc. (EVA) 
Last enviva inc. earnings: 4/29 04:30 pm Check Earnings Report
US:NYSE Investor Relations: envivapartners.com
Company Research Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (“Enviva,” the “Partnership,” or “we”) today reported financial and operating results for the fourth quarter and full year of 2019.Highlights:For the fourth quarter of 2019, reported net income of $0.9 million, adjusted net income of $17.2 million, and adjusted EBITDA of $53.3 millionFor the full year of 2019, reported net loss of $2.9 million, adjusted net income of $33.4 million, and adjusted EBITDA of $141.3 millionPreviously announced a distribution of $0.675 per common unit for the fourth quarter of 2019, the Partnership’s eighteenth consecutive distribution increase since IPOProvided full-year 2020 guidance for net income in a range of $43.2 million to $53.2 million and adjusted EBITDA in a range of $165.0 million to $175.0 million, excluding the benefit of any acquisitions or drop-down transactionsReaffirmed previously provided guidance to distribute between $2.87 and $2.97 per common unit for full-year 2020, b Show less Read more
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