Enviva Partners, LP Reports Financial Results for First Quarter 2020 and Reaffirms Full-Year Adjusted EBITDA, Distributable Cash flow, and Distribution Guidance
Enviva Inc. (EVA)
Last enviva inc. earnings: 4/29 04:30 pm
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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 first quarter of 2020.Highlights:For the first quarter of 2020, the Partnership reported net income of $7.6 million and adjusted net income of $9.1 million, as compared to net loss of $8.9 million and adjusted net loss of $8.1 million for the first quarter of 2019For the first quarter of 2020, the Partnership reported adjusted EBITDA of $29.2 million, an increase of 35.0 percent from adjusted EBITDA of $21.6 million for the first quarter of 2019The Partnership declared a quarterly distribution of $0.68 per unit, its nineteenth consecutive quarterly increaseThe Partnership increased net income guidance and reaffirmed adjusted EBITDA, distributable cash flow, and distribution per unit guidance for full-year 2020The Partnership continues to report that its operational and financial results have not been materially impacted by CO
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