For the 2Q 2016, Enviva Partners, LP generated net revenue of $119.7 million, an increase of 9.2%, or $10 million, from 2Q 2015, as the company said in the press release received by Lesprom Network.
For the 2Q, Enviva Partners, LP generated net income of $12 million compared to $2.9 million for the corresponding quarter in 2015.
Adjusted EBITDA improved to $23.5 million in the 2Q 2016, a 23% increase compared to the corresponding period in 2015.
“Our strong operating and financial performance through the 2Q, coupled with our increased outlook for the remainder of 2016, put us solidly on the path toward our previously announced full-year distribution expectation of at least $2.10 per unit for 2016, excluding the impact of any potential drop-downs or other acquisitions,” said John Keppler, Chairman and CEO. “In addition, our market position enabled us to capitalize on dislocations in the market this quarter and optimize deliveries to our growing customer base.”
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.
