Enviva Partners

Enviva, Inc. engages in the production, process, and distribution of wood biomass to power generators. It offers wood pellets and wood chips which are used in coal-fired power generation and power plants. The company was founded on November 12, 2013 and is headquartered in Bethesda, MD.

Earnings data Q1 2020

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Earnings data Q3 2024

Enviva targets doubling EBITDA by 2026, sees growth opportunities

Enviva Partners navigated challenges in 2022 but anticipates improved performance in 2023, driven by record volumes, higher sales prices, and cost efficiencies. The company aims for significant capacity growth and self-funding by 2027, supported by equity funding commitments.
Despite facing delays and deferred gross margin impacts, Enviva is confident in achieving strong EBITDA levels in 2023, benefiting from decreased energy and wood costs. The company's focus on growth and operational improvements positions it well for future success.

Enviva revises guidance, suspends dividend to prioritize growth and value

Enviva Partners faced challenges in Q1, leading to a guidance reset and a focus on cost reduction and operational improvements. Despite a disappointing start, the company remains optimistic about long-term growth opportunities, including reaching $500 million in EBITDA by 2026. Enviva's decision to suspend dividends aims to strengthen the balance sheet and create more value for shareholders.

Enviva maintains earnings guidance, focuses on cost reduction strategies

Enviva's Q2 performance met expectations, with a focus on cost reduction and operational improvements.
The company maintains guidance for full-year adjusted EBITDA and adjusts capital expenditure plans for liquidity management.
Challenges include operational issues at specific facilities and managing costs amidst capital adjustments.
Enviva's strategic focus on profitability, capacity expansions, and cost discipline positions it for future growth and efficiency.

Enviva Partners reports challenging Q3 earnings, focuses on transformation

Enviva Partners faced challenges in Q3 2023 due to lower wood pellet prices, resulting in a net loss of $85 million.
The company is implementing a transformation plan to improve profitability, realign leadership, and address liquidity challenges.
Despite near-term difficulties, Enviva remains positive about its long-term value and industry position, focusing on operational efficiency.
Sales volumes increased, but net revenue decreased, highlighting the need for strategic initiatives to enhance financial performance.

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Enviva develops, constructs, acquires, owns, and operates fully contracted wood pellet production plants. They offer a natural resource, wood fibre, and process it into dry powder. The company sells term, take-or-pay, and off-take contracts. They are producers of sustainable wood pellets, which replace fossil fuels.

On Thursday, Enviva lost more than 60% of its value after eliminating its dividend. Enviva still has a steady backlog of future business and has initiated a share-repurchase plan.

Why Enviva Stock Is Up Today

Enviva Inc. (NYSE:EVA ) Q1 2023 Results Conference Call May 4, 2023 10:00 AM ET Company Participants Kate Walsh - VP, IR John Keppler - Executive Chairman Thomas Meth - President and CEO Shai Even - EVP and CFO Conference Call Participants Elvira Scotto - RBC Capital Markets Mark Strouse - JPMorgan Ryan Levine - Citi Pavel Molchanov - Raymond James Jordan Levy - Truist Securities Operator Good morning, and welcome to Enviva Inc.'s First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Enviva Inc. (EVA) Q1 2023 Earnings Call Transcript

The stock received a double-downgrade to Sell from one analyst.

Enviva Stock Is Spiraling. There Are a Few Reasons For That.

Enviva lost a lot more in the most recent quarter than it did a year ago. The company is eliminating its dividend to focus on greater investment in the core business.

Why Enviva Stock Is Plunging Today

BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today released financial and operating results for first-quarter 2023, discussed changes to its capital allocation priorities in addition to providing a 2023 financial guidance update, and announced a large, long-term take-or-pay off-take contract with an existing Japanese customer. “As we will describe today, the plans and initiatives underway to improve productivity and costs across Enviva'.

Enviva Reports First-Quarter 2023 Results, Updates 2023 Guidance, Changes Capital Allocation Priorities, and Announces New Contract

BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced members of its management team will attend the following two investor conferences in person this May and June: Citi's 2023 Energy and Climate Technology Conference on Tuesday, May 9, 2023 RBC's 2023 Capital Markets Global Energy, Power & Infrastructure Conference on Tuesday, June 6, 2023 To view and download the presentation materials being used at these events, please visit ir.envivabiomass.com. About Enviva.

Enviva to Participate in Investor Conferences

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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced the timing of its conference call to discuss first-quarter 2023 financial results. When: May 4, 2023, at 10:00 a.m. Eastern Time       How: By dialing (877) 883-0383 in the United States, +1 (412) 902-6506 internationally, and entering the participant entry number 9953103, or via webcast through the Investor Relations section of Enviva's website at ir.envivabiomass.

Enviva to Hold Conference Call for First-Quarter 2023 Financial Results

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BETHESDA, Md.--(BUSINESS WIRE)-- #AlternativeEnergy--Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) welcomes today's news that the European Union's trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (“REDIII” or the “Directive”) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU.

Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable

BETHESDA, Md.--(BUSINESS WIRE)-- #AirPermit--Enviva Inc. (NYSE: EVA), the world's leading producer of sustainably sourced woody biomass, received on March 21, 2023 its construction permit from the Alabama Department of Environmental Management (ADEM) for its Epes plant under construction in Sumter County, AL.

Enviva Welcomes Future Growth in Alabama with a Revised Permit from the Alabama Department of Environmental Management

BETHESDA, Md.--(BUSINESS WIRE)-- #AlternativeEnergy--Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced that John Keppler is returning to the Company as Executive Chairman, effective April 1, 2023. Thomas Meth will continue to lead the Company as President and Chief Executive Officer, and the Company's interim Chairman, Ralph Alexander, will transition to the role of Lead Independent Director of the Board.

Co-Founder John Keppler Rejoins Enviva Inc. as Executive Chairman of the Board

BETHESDA, Md.--(BUSINESS WIRE)-- #AirPermit--Enviva Inc. (NYSE: EVA), the world's leading producer of sustainably sourced woody biomass, issued a statement today thanking the Mississippi Department of Environmental Quality's (MDEQ) permit board for unanimous approval for the construction permit of Enviva's Bond, Mississippi facility. The permit was issued after an extensive review process that included a public comment period, a well-attended public hearing, and numerous public comments.

Enviva Releases Statement Following Issuance of Air Permit for its Forthcoming Bond Facility by Mississippi DEQ

BETHESDA, Md.--(BUSINESS WIRE)--Representatives of Enviva Inc. (NYSE: EVA) (“Enviva”) including Chief Executive Officer Thomas Meth, Chief Financial Officer Shai Even, and other members of the senior management team, intend to make presentations on April 3, 2023, in New York City regarding the company's strategy and long-term outlook, financial expectations for 2023 and beyond, and the thriving sustainable bioenergy environment in which Enviva operates.

Enviva to Hold 2023 Investor Day

BETHESDA, Md.--(BUSINESS WIRE)-- #Beautification--Enviva Inc. (NYSE: EVA), the world's leading producer of sustainably sourced woody biomass, is recognized by the Chesapeake Environmental Improvement Council (CEIC) for its efforts to improve the environment and keep Chesapeake, Virginia beautiful. Specifically, Enviva's Port of Chesapeake received the “Innovation in Recycling, Reusing, or Repurposing” award for recycling over 79,000 pounds of conveyor belt material in just one year at its marine terminal.

Enviva's Port of Chesapeake Receives the “Innovation in Recycling, Reusing, or Repurposing” Award by The Chesapeake Environmental Improvement Council

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Enviva found itself in the crosshairs of short-sellers during 2022. Whilst they tried to dispel concerns, their inability to generate positive operating cash flow means they are yet to completely prove the short-sellers wrong.

Enviva: A Gift To The Short-Sellers

Enviva Inc. (NYSE:EVA ) Q4 2022 Results Conference Call March 1, 2023 10:00 AM ET Company Participants Kate Walsh - Vice President of Investor Relations Thomas Meth - President and Chief Executive Officer Shai Even - Executive Vice President and Chief Financial Officer Conference Call Participants Elvira Scotto - RBC Capital Markets Pavel Molchanov - Raymond James Operator Good morning, and welcome to Enviva Inc.'s Fourth Quarter of 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Enviva Inc. (EVA) Q4 2022 Earnings Call Transcript

BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced that it has entered into definitive agreements with board members and insiders for the issuance and sale of $250 million of equity securities to be priced using the market close price on March 1, 2023. The PIPE is led by affiliates of Enviva's two largest shareholders, Riverstone Holdings LLC and Inclusive Capital Partners, and BTG Pactual.

Enviva Announces $250 million PIPE Transaction

BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today released financial and operating results for fourth-quarter and full-year 2022, provided financial guidance for 2023, and announced three new take-or-pay contracts with industrial customers. Key Takeaways: Delivered record volumes of approximately 1.

Enviva Reports 4Q and Full-Year 2022 Results, Provides 2023 Guidance, and Announces New Customer Agreements

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Wood pellet demand is strong in Europe and Asia. EVA has a price advantage versus competitors in other countries.

Enviva: Near Term Should Be Solid, But Long-Term Worries Persist

News for Enviva Partners Stock (EVA)