Enviva Partners reports 1Q net revenue up 26.4% to $158.4 million

Market: Biofuel
Posted May 16, 2019
For the 1Q 2019, Enviva Partners, LP generated net revenue of $158.4 million, an increase of 26.4%, or $33 million, from the corresponding quarter of 2018, as the company said in the press release received by Lesprom Network.

For the 1Q 2019, Enviva Partners, LP generated gross margin of $9.9 million, as compared to $(5) million for the corresponding period in 2018, an increase of approximately $14.9 million.

For the 1Q 2019, net loss was $8.9 million, as compared to a net loss of $19.3 million for the 1Q 2018.

Adjusted EBITDA for the 1Q 2019 was $21.6 million, as compared to $17.6 million for the corresponding quarter of 2018. The increase was primarily due to higher sales volumes, partially offset by lower pricing due to customer contract mix and higher production costs associated with more significant and longer lasting seasonal factors.

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.



Topics: Finance

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