Enviva Partners, LP Increases Distribution By More Than 10% Over Previous Quarter
BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced
      today that the board of directors of its general partner declared a
      quarterly distribution of $0.5100 per common and subordinated unit for
      the first quarter of 2016. The quarterly distribution will be paid
      Friday, May 27, 2016, to unitholders of record as of the close of
      business Monday, May 16, 2016.
    
      “Durable operating cash flow growth driven principally by our
      acquisition of the Southampton plant in December underpins the
      significant increase in our quarterly distribution and represents the
      first step towards our previously announced full-year distribution
      guidance of at least $2.10 per unit, excluding the impact of potential
      acquisitions,” said John Keppler, Chairman and Chief Executive Officer.
    
First Quarter Earnings Call
      The Partnership will release its 2016 first quarter earnings on May 5,
      2016. Interested parties are invited to listen to the conference call on
      the financial results.
    
| When: | May 5, 2016 at 10:00 a.m. Eastern Time. | ||
| How: | 
 
            On the internet at http://services.choruscall.com/links/enviva160505XT05M95X  | 
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| Replays: | 
 
            Will be available through July 31, 2016 on the internet at http://services.choruscall.com/links/enviva160505XT05M95X  | 
About Enviva Partners, LP
      Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited
      partnership that aggregates a natural resource, wood fiber, and
      processes it into a transportable form, wood pellets. The Partnership
      sells a significant majority of its wood pellets through long-term,
      take-or-pay agreements with creditworthy customers in the United Kingdom
      and Europe. The Partnership owns and operates six plants in Southampton
      County, Virginia; Northampton County and Ahoskie, North Carolina; Amory
      and Wiggins, Mississippi; and Cottondale, Florida. We have a combined
      production capacity of approximately 2.3 million metric tons 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.
    
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
Cautionary Note Concerning Forward-Looking Statements
      Certain statements and information in this press release, including
      those concerning our future results of operations and distributions, may
      constitute “forward-looking statements.” The words “believe,” “expect,”
      “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,”
      or other similar expressions are intended to identify forward-looking
      statements, which are generally not historical in nature. These
      forward-looking statements are based on the Partnership’s current
      expectations and beliefs concerning future developments and their
      potential effect on the Partnership. Although management believes that
      these forward-looking statements are reasonable when made, there can be
      no assurance that future developments affecting the Partnership will be
      those that it anticipates. The forward-looking statements involve
      significant risks and uncertainties (some of which are beyond the
      Partnership’s control) and assumptions that could cause actual results
      to differ materially from the Partnership’s historical experience and
      its present expectations or projections. Important factors that could
      cause actual results to differ materially from forward-looking
      statements include, but are not limited to: (i) the amount of products
      that the Partnership is able to produce, which could be adversely
      affected by, among other things, operating difficulties; (ii) the volume
      of products that the Partnership is able to sell; (iii) the price at
      which the Partnership is able to sell products; (iv) changes in the
      price and availability of natural gas, coal, or other sources of energy;
      (v) changes in prevailing economic conditions; (vi) the Partnership’s
      ability to complete acquisitions, including acquisitions from its
      sponsor; (vii) unanticipated ground, grade, or water conditions;
      (viii) inclement or hazardous weather conditions, including extreme
      precipitation, temperatures, and flooding; (ix) environmental hazards;
      (x) fires, explosions, or other accidents; (xi) changes in domestic and
      foreign laws and regulations (or the interpretation thereof) related to
      renewable or low-carbon energy, the forestry products industry, or power
      generators; (xii) inability to acquire or maintain necessary permits;
      (xiii) inability to obtain necessary production equipment or replacement
      parts; (xiv) technical difficulties or failures; (xv) labor disputes;
      (xvi) late delivery of raw materials; (xvii) inability of the
      Partnership’s customers to take delivery or their rejection of delivery
      of products; (xviii) failure of the Partnership’s customers to pay or
      perform their contractual obligations to the Partnership; (xix) changes
      in the price and availability of transportation; and (xx) the
      Partnership’s ability to borrow funds and access capital markets.
    
      For additional information regarding known material factors that could
      cause the Partnership’s actual results to differ from projected results,
      please read its filings with the Securities and Exchange Commission,
      including the Annual Report on Form 10-K and the Quarterly Reports on
      Form 10-Q most recently filed with the SEC. Readers are cautioned not to
      place undue reliance on forward-looking statements, which speak only as
      of the date thereof. The Partnership undertakes no obligation to
      publicly update or revise any forward-looking statements after the date
      they are made, whether as a result of new information, future events, or
      otherwise.
    
Notice
      This press release is intended to be a qualified notice under Treasury
      Regulation Section 1.1446-4(b). Brokers and nominees should treat 100
      percent of the Partnership’s distributions to non-U.S. investors as
      being attributable to income that is effectively connected with a United
      States trade or business. Accordingly, the Partnership’s distributions
      to non-U.S. investors are subject to federal income tax withholding at
      the highest applicable effective tax rate.