Enviva Partners, LP Announces Fifth Consecutive Distribution Increase

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 $0.5300 per common and subordinated unit for
the third quarter of 2016, representing a $0.005 increase from the
Partnership’s second quarter distribution. The quarterly distribution
will be paid Tuesday, November 29, 2016, to unitholders of record as of
the close of business Monday, November 14, 2016.

“Based on continued, strong operating performance and growth in our
business, we have increased our distribution each quarter since our
IPO,” said John Keppler, Chairman and Chief Executive Officer. “That’s a
trend we expect to maintain, and one that has resulted in a more than
20% increase in per-unit distributions since this time last year.”

Third Quarter Earnings Call

The Partnership will release its 2016 third quarter earnings on November
3, 2016. Interested parties are invited to listen to the conference call
on the financial results.

When: November 3, 2016 at 10:00 a.m. Eastern Time.

On the internet at https://services.choruscall.com/links/enviva1611037CRV5KRG.html
or by dialing (877) 328-5349.


Will be available through February 2, 2017 on the internet at https://services.choruscall.com/links/enviva1611037CRV5KRG.html
or by dialing (877) 344-7529 and entering the access code
10094584. The replay also will be available in the Investor
Relations section of www.envivabiomass.com


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, acquisition
opportunities, 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 volume of products that we are able to
sell; (ii) the price at which we are able to sell our products; (iii)
failure of the Partnership’s customers, vendors, and shipping partners
to pay or perform their contractual obligations to the Partnership; (iv)
the creditworthiness of our financial counterparties; (v) the amount of
low-cost wood fiber that we are able to procure and process, which could
be adversely affected by, among other things, operating or financial
difficulties suffered by our suppliers; (vi) the amount of products that
we are able to produce, which could be adversely affected by, among
other things, operating difficulties; (vii) changes in the price and
availability of natural gas, coal, or other sources of energy; (viii)
changes in prevailing economic conditions; (ix) the ability of the
Partnership to complete acquisitions, including acquisitions from our
sponsor, and realize the anticipated benefits of such acquisitions; (x)
unanticipated ground, grade, or water conditions; (xi) inclement or
hazardous weather conditions, including extreme precipitation,
temperatures, and flooding; (xii) environmental hazards; (xiii) fires,
explosions, or other accidents; (xiv) 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; (xv) changes in the regulatory treatment of biomass in core
and emerging markets for utility-scale generation; (xvi) the inability
to acquire or maintain necessary permits or rights for our production,
transportation, and terminaling operations; (xvii) the inability to
obtain necessary production equipment or replacement parts; (xviii)
operating or technical difficulties or failures at our plants or ports;
(xix) labor disputes; (xx) the inability of our customers to take
delivery of our products or their rejection of delivery of our products;
(xxi) changes in the price and availability of transportation; (xxii)
changes in foreign currency exchange rates; (xxiii) changes in interest
rates; (xxiv) failure of our hedging arrangements to effectively reduce
our exposure to interest and foreign currency exchange rate risk; (xxv)
risks related to our indebtedness; (xxvi) changes in the quality
specifications for our products that are required by our customers;
(xxvii) the effects of the approval of the United Kingdom of the exit of
the United Kingdom (“Brexit”) from the European Union, and the
implementation of Brexit, in each case on our and our customers’
businesses; and (xxviii) the ability of the Partnership 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


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.