Enviva Inc. Stock Price, News & Analysis

Enviva Inc. (NYSE: EVA) announced its management team's attendance at the Barclays CEO Energy-Power Conference on September 6, 2022 in New York. The event provides an opportunity for the team to engage with investors directly. Enviva is the largest producer of industrial wood pellets globally, with a production capacity of about 6.2 million metric tons annually across ten plants in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. The company is also constructing its 11th plant in Epes, Alabama.

Enviva Inc. (NYSE: EVA) reported a net loss of $27.3 million for Q2 2022, an increase from $24.9 million in the same quarter of 2021. Despite this, adjusted EBITDA climbed to $39.5 million, up from $25.7 million year-over-year. The company declared a quarterly dividend of $0.905 per share, marking an 11% increase. Enviva reaffirmed its 2022 guidance with expected net income ranging from a $30 million loss to a $10 million profit. Notably, four contracts were added, including conversions to binding contracts and new agreements, signaling strong market demand and pricing stability.

Enviva Inc. (NYSE: EVA) has launched the Enviva Heirs Property Fund (EHPF) with a commitment of $250,000 annually to assist land-owning families in the U.S. Southeast. This initiative aims to eradicate involuntary land loss, particularly affecting southern Black landholders, by providing financial support for legal services and advocating for changes in public policy. EHPF will focus on achieving clear title, unlocking sustainable land value, and influencing policy solutions. The program will initially target Mississippi and North Carolina, gradually expanding across Enviva’s operational regions.

Enviva Inc. (NYSE: EVA) announced that it will hold a conference call on August 4, 2022, at 10:00 a.m. Eastern Time to discuss its second-quarter 2022 financial results. Participants can join by dialing (877) 883-0383 in the U.S. or +1 (412) 902-6506 internationally, using Participant Entry Number 9561144, or via webcast on Enviva's Investor Relations website. The call will be available for replay online for a year. Enviva is the largest producer of industrial wood pellets, operating 10 plants with a production capacity of approximately 6.2 million metric tons per year.

Enviva Inc. (NYSE: EVA) has priced $250 million in Tax-Exempt Green Bonds at an annual interest rate of 6.00%, maturing in 2052. The net proceeds of approximately $246 million will finance the construction of a new wood pellet production plant in Epes, Alabama. The bonds are aligned with Enviva’s Green Finance Framework and aimed at supporting sustainable energy initiatives. Additionally, the company has amended its credit facility, extending its maturity to June 2027, reflecting its growth strategy and financial stability.

Enviva Inc. (NYSE: EVA) announced a Tax-Exempt Green Bond Offering of $250,000,000 to finance its new wood pellet production plant in Epes, Alabama. The bonds, designated as Green Bonds, are intended to help decarbonize industries by funding sustainable energy sources. The deal is expected to close on or about July 15, 2022. Enviva operates ten existing plants with a total capacity of 6.2 million metric tons annually, supplying wood pellets globally, primarily under long-term contracts.

Enviva Inc. (NYSE: EVA) has reaffirmed its full-year 2022 financial guidance, forecasting a net income (loss) range of $30 million to $10 million and adjusted EBITDA between $230 million and $270 million, indicating a 10% increase from 2021. The company also announced a new 12-year, take-or-pay contract with a European utility for 60,000 MTPY of wood pellets starting in 2026. Additionally, construction of a wood pellet production plant in Epes, Alabama is underway, expected to generate $65 million in annual adjusted EBITDA.

Enviva Inc. (NYSE: EVA) recently inaugurated its terminal at the Port of Pascagoula, Mississippi, marking a significant step towards providing low-carbon, renewable energy sources. The facility has started delivering sustainably sourced biomass, with the first shipment of 18,000 metric tons heading to international markets, primarily Japan. With over $60 million invested since 2019, the terminal enhances Enviva's operational capacity and supports the company’s goal of decarbonizing various industries by mid-century.

Enviva Inc. (NYSE: EVA) announces its management team's participation in two upcoming investor conferences. The conferences are RBC's Global Energy, Power & Infrastructure Conference on June 7, 2022, and J.P. Morgan's Energy, Power & Renewables Conference on June 22, 2022. Enviva, the world's largest producer of industrial wood pellets, emphasizes its commitment to renewable energy as it operates ten plants with a total production capacity of about 6.2 million metric tons annually. For presentation materials, visit here.