Enviva Partners (EVA) Misses Q3 EPS by 1c
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Enviva Partners, LP Reports Strong Financial Results for Third Quarter 2016, Announces Drop-Down Transaction, and Provides Guidance for 2017
November 3, 2016 6:54 AM EDTBETHESDA, Md.--(BUSINESS WIRE)-- Enviva Partners, LP (NYSE: EVA) (the Partnership or we) today reported financial and operating results for the third quarter of 2016.
Highlights:
Generated net income of $13.0 million and adjusted EBITDA of $25.5 million for the third quarter of 2016, up from $8.8 million and $19.8 million, respectively, for the corresponding period in 2015 Agreed to acquire Enviva Pellets Sampson, LLC for $175.0 million Issued $300.0 million of 8.5% senior unsecured notes due 2021 Provided full-year 2017 guidance... More