Enviva Partners, LP Announces Thirteenth Consecutive Distribution Increase
BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (NYSE: EVA) announced today that the board of
directors of its general partner declared a quarterly distribution of
$0.635 per common unit for the third quarter of 2018. This distribution
represents the Partnership’s thirteenth consecutive distribution
increase and its distribution has grown at a 14.2 percent compound
annual growth rate since its initial public offering. The quarterly
distribution will be paid on Thursday, November 29, 2018 to unitholders
of record as of the close of business on Thursday, November 15, 2018.
About Enviva Partners, LP
Enviva Partners, LP (the “Partnership”) 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 with a combined
production capacity of nearly three million metric tons of wood pellets
per year in Virginia, North Carolina, Mississippi, and Florida. In
addition, the Partnership exports wood pellets through its owned marine
terminal assets at the Port of Chesapeake, Virginia, and the Port of
Wilmington, North Carolina and from third-party marine terminals in
Mobile, Alabama and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
This press release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b)(4). 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.