For the 2Q 2018, Enviva Partners, LP generated net revenue of $132.1 million, an increase of 3.6%, or $4.6 million, from the corresponding quarter of 2017. Net income for the 2Q 2018 was $3.5 million compared to net income of $1.5 million for the 2Q 2017, an increase of $2 million.

Holzpellets

Enviva Partners, LP 2Q net revenue up 3.6% to $132.1 million

For the 2Q 2018, Enviva Partners, LP generated net revenue of $132.1 million, an increase of 3.6%, or $4.6 million, from the corresponding quarter of 2017. Net income for the 2Q 2018 was $3.5 million compared to net income of $1.5 million for the 2Q 2017, an increase of $2 million, as the company said in the press release received by Lesprom Network.

Adjusted EBITDA for the 2Q 2018 was $21.1 million, as compared to $23.3 million for the corresponding quarter of 2017.

“The Partnership and our sponsor now have long-term, contracted volumes of almost 1.5 million tons per year with high credit quality Japanese counterparties and continue to progress additional off-take contracts supplying the fast-growing Asian market,” said John Keppler, Chairman and CEO of Enviva. “Long-term off-take contracts are expected to underpin substantial investment in new plant and port capacity that, together with the robust operational and production capabilities we demonstrated again this quarter, is the foundation for long-term cash flow growth.”

Enviva Partners, LP is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe.