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Enviva(EVA) - 2020 Q2 - Quarterly Report
2020-08-05 21:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-----------------------------------------------------------------|-----------------|----------------------|--------------------------------------| | | | | | | Commission | fi ...
Enviva(EVA) - 2020 Q1 - Earnings Call Transcript
2020-04-30 19:28
Enviva Partners, LP (NYSE:EVA) Q1 2020 Earnings Conference Call April 30, 2020 10:00 AM ET Company Participants Raymond Kaszuba - Senior Vice President of Finance and Treasurer John Keppler - Chairman and Chief Executive Officer Shai Even - Executive Vice President and Chief Financial Officer Conference Call Participants Derrick Laton - Goldman Sachs Group Inc. Ryan Levine - Citigroup Inc. Pavel Molchanov - Raymond James & Associates, Inc. Operator Good day, and welcome to the Enviva Partners First Quarter ...
Enviva(EVA) - 2020 Q1 - Quarterly Report
2020-04-29 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-37363 Enviva Partners, LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...
Enviva(EVA) - 2019 Q4 - Earnings Call Transcript
2020-02-28 00:02
Enviva Partners, LP (NYSE:EVA) Q4 2019 Earnings Conference Call February 27, 2020 10:00 AM ET Company Participants Ray Kaszuba - Senior Vice President, Finance and Treasurer John Keppler - Chairman and Chief Executive Officer Shai Even - Chief Financial Officer Conference Call Participants Derrick Laton - Goldman Sachs Pavel Molchanov - Raymond James Operator Good morning, and welcome to the Enviva Fourth Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instru ...
Enviva(EVA) - 2019 Q4 - Annual Report
2020-02-26 23:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-37363 Enviva Partners, LP (Exact name of registrant as specified in its charter) Delaware 46-4097730 (State or other ...
Enviva(EVA) - 2019 Q3 - Earnings Call Transcript
2019-11-02 18:21
Enviva Partners, LP (NYSE:EVA) Q3 2019 Results Conference Call October 31, 2019 10:00 AM ET Company Participants Ray Kaszuba - Treasurer John Keppler - Chairman and Chief Executive Officer Shai Even - Chief Financial Officer Conference Call Participants Derrick Laton - Goldman Sachs Pavel Molchanov - Raymond James Elvira Scotto - RBC Capital Markets Operator Good morning, and welcome to the Enviva Partners Third Quarter 2019 Earnings Conference Call. All participants will be in listen-only mode. [Operator I ...
Enviva(EVA) - 2019 Q3 - Quarterly Report
2019-10-30 23:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37363 Enviva Partners, LP (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporatio ...
Enviva(EVA) - 2019 Q2 - Earnings Call Transcript
2019-08-08 18:37
Financial Data and Key Metrics Changes - For Q2 2019, net revenue was $168.1 million, a 24% increase from Q2 2018 [13] - Product sales revenue was $167.2 million compared to $133.2 million in Q2 2018, with sales volume increasing to 869,000 metric tons from 699,000 metric tons [13] - Gross margin decreased to $16.5 million from $19.8 million in Q2 2018, while adjusted gross margin increased to $28 million from $25.6 million [14] - Net loss for Q2 2019 was $3.8 million compared to net income of $3.5 million in Q2 2018 [14] - Adjusted EBITDA for Q2 2019 was $27 million, up from $21.1 million in Q2 2018 [15] - The partnership expects to distribute at least $2.65 per unit for the full year 2019 [19] Business Line Data and Key Metrics Changes - The partnership's production capacity is expected to increase to about 4 million metric tons per year by 2025 [8] - Long-term contracted demand is projected to rise to approximately 6.5 million metric tons per year by 2025, up from 3.5 million metric tons per year today [9] Market Data and Key Metrics Changes - Europe and Asia are the two largest current markets for the company, with new contracts indicating a replicable model for biomass in various regions [7] - The weighted average remaining term of the partnership's offtake contracts is now 10.4 years, with a revenue backlog of $9.6 billion [22] Company Strategy and Development Direction - The company aims to mitigate greenhouse gas emissions by enabling renewable baseload and dispatchable electricity generation [5] - Expansion projects are underway at the Northampton and Southampton facilities, with the Hamlet plant now operational [7][29] - The company is focused on maintaining a balanced capital structure and conservative financial policy, targeting a 50-50 equity-debt split for future activities [20] Management's Comments on Operating Environment and Future Outlook - Management expects the second half of 2019 to show significant improvement over the first half, driven by increased sales volume and operational efficiencies [11][17] - The company anticipates a strong fourth quarter, with expectations for adjusted EBITDA to reach between $90 million to $100 million [42] - The regulatory environment is favorable for biomass, with increasing demand for renewable energy sources in markets like Japan and Germany [25][28] Other Important Information - The partnership continues to expect a distribution coverage ratio of 1 to 2x on a forward-looking annual basis [20] - The company has implemented a revised responsible sourcing policy to enhance environmental performance [32] Q&A Session Summary Question: Inquiry about seasonal costs in the quarter - Management explained that increased costs were due to intense rainfall affecting fiber delivery, but these issues are now largely resolved [39][40] Question: Expectations for EBITDA run rate in 2020 - Management confirmed expectations to exit 2020 at a run rate of $200 million in EBITDA [44] Question: Discussion on IDR restructuring - Management acknowledged the high cost of capital and indicated that while IDR restructuring has been considered, current growth and distribution rates remain strong [46][47] Question: Comparison of market opportunities in Japan and Germany - Management noted that Japan's policies are more favorable for biomass currently, while Germany is expected to legislate coal phase-out, creating future opportunities [50][51]
Enviva(EVA) - 2019 Q2 - Quarterly Report
2019-08-07 22:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37363 Enviva Partners, LP (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or ...
Enviva(EVA) - 2019 Q1 - Earnings Call Transcript
2019-05-09 20:13
Enviva Partners, LP (NYSE:EVA) Q1 2019 Results Earnings Conference Call May 9, 2019 10:00 AM ET Company Participants Ray Kaszuba – Treasurer John Keppler – Chairman and Chief Executive Officer Shai Even – Chief Financial Officer Conference Call Participants Derrick Laton – Goldman Sachs Ryan Levine – Citi Pavel Molchanov – Raymond James Operator Good morning, and welcome to the Enviva Partners First Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions ...