Enviva Partners declared a quarterly distribution of USD 0.57 per common and subordinated unit for the second quarter of 2017, representing 8.6% increase from the partnership’s 2Q2016 distribution.
According to the announcement, the quarterly distribution will be paid on Tuesday, August 29, 2017, to unitholders of record as of the close of business on Tuesday, August 15, 2017.
In 1Q2017 Enviva Partners increased Adjusted EBITDA margin to 18.8%.
Earlier Enviva disclosed its latest Track & Trace forestry data.
About Enviva Partners:
The company is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. It sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the U.K. and Europe. Enviva Partners owns and operates six plants in Southampton County, Virginia; Northampton County and Ahoskie, North Carolina; Amory and Wiggins, Mississippi; and Cottondale, Florida having a combined production capacity of approximately 2.3 Mt of wood pellets per year. In addition, the partnership owns a deep-water marine terminal at the Port of Chesapeake, Virginia, which is used to export wood pellets. Enviva Partners also exports pellets through the ports of Mobile, Alabama and Panama City, Florida.