For the 4Q 2018, Enviva Partners, LP generated net revenue of $168.7 million, an increase of 4.8%, or $7.7 million, from the corresponding quarter of 2017, as the company said in the press release received by Lesprom Network.
For the 4Q 2018, Enviva Partners, LP generated gross margin of $24.5 million, as compared to $25.7 million for the corresponding period in 2017. 4Q 2018 net income and adjusted net income were $9.4 million and $13.6 million, respectively. For the 4Q 2017, net income and adjusted net income were $7.9 million.
Adjusted EBITDA for the 4Q 2018 was $33.8 million, as compared to $31.9 million for the corresponding quarter of 2017. The increase was primarily due to higher sales volumes, partially offset by lower pricing due to customer contract mix and higher production costs.
For FY 2018, Enviva Partners, LP generated net revenue of $573.7 million, an increase of 5.6%, or $30.5 million, from 2017.
Gross margin was $69.4 million for full-year 2018, as compared to $78.8 million for 2017, a decrease of $9.4 million.
For full-year 2018, net income and adjusted net income were $7 million and $21.5 million, respectively. For full-year 2017, net income and adjusted net income were $14.4 million.
Adjusted EBITDA for full-year 2018 was $102.6 million, as compared to $102.4 million for full-year 2017, as higher sales volumes were offset by decreases in purchase and sale transactions and lower pricing due to customer contract mix.
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.
