Welcome to our dedicated page for Enviva news (Ticker: EVA), a resource for investors and traders seeking the latest updates and insights on Enviva stock.
Enviva Inc. (symbol: EVA) is a leading company in the renewable energy sector, specializing in the production and distribution of sustainable wood pellets. These pellets are created by developing, constructing, acquiring, and operating fully contracted wood pellet production plants. Enviva aggregates natural wood fiber and processes it into dry, densified, uniform pellets. These pellets are designed for efficient storage and global transport.
The company's primary customers are based in the United Kingdom, the European Union, and Japan. They utilize these pellets to replace coal and other fossil fuels in their power and heat generation processes, supporting efforts to transition away from traditional energy sources. Enviva's business model is built around long-term, take-or-pay off-take contracts with creditworthy customers, ensuring a stable revenue stream.
Enviva’s core business operations are focused on sustainability and environmental responsibility. By providing an alternative to coal, the company is playing a significant role in reducing carbon emissions and helping nations meet their renewable energy goals. The company's financial condition remains robust, with the majority of revenues derived from European customers, underscoring its dominant position in the market.
Recent achievements and projects include the expansion of production capacities, strategic partnerships for technology advancements, and successful long-term contracts with major energy providers. Enviva continues to innovate in the field of renewable energy, ensuring its products meet the highest standards of efficiency and sustainability.
Stay updated with the latest news and developments from Enviva Inc. as they continue to lead the charge in renewable energy solutions.
Enviva reported its fourth-quarter and full-year 2021 results, aligning with guidance expectations. The fourth quarter saw a dividend of $0.860 per share, a 10.3% increase year-over-year. For 2022, the company reaffirmed its guidance, projecting net income between $42 million and $67 million, adjusted EBITDA of $275 million to $300 million, and distributable cash flow of $210 million to $235 million, indicating over 25% growth. Enviva secured a 15-year MOU to supply 600,000 MTPY by 2030, and a 5-year contract for 90,000 MT in 2022, reflecting robust growth prospects.
Enviva Inc. (NYSE: EVA) announced its management team's virtual participation in the Barclays Midstream & Clean Infrastructure Corporate Access Days on March 2, 2022. Attendees can download presentation materials from the company's investor relations website. Enviva is the largest producer of industrial wood pellets, with a production capacity of approximately 6.2 million metric tons per year across ten plants in the U.S. The company plays a vital role in the energy transition, supplying wood pellets to global markets through various deep-water terminals.
Enviva Inc. (NYSE: EVA) announced that its 2021 tax packages, including Schedule K-1, will be available online starting March 15, 2022. Investors can access their tax packages through the Enviva Tax Package Support website or the Investor Relations section of Enviva's website. The company will commence mailing these packages during the week of March 14, 2022. Notably, Enviva will cease issuing tax packages for subsequent years following its conversion from a master limited partnership to a corporation on December 31, 2021.
Enviva Inc. (NYSE: EVA) has declared a quarterly dividend of $0.86 per common share for Q4 2021, resulting in an annual dividend of $3.30, reflecting a 10.3% increase from Q4 2020. The dividend will be paid on February 25, 2022, to shareholders of record by February 14, 2022. The company maintains its 2022 dividend guidance at $3.62 per share, indicating another 10% growth. CEO John Keppler notes significant growth opportunities due to global decarbonization efforts.
Enviva Inc. (NYSE: EVA) has scheduled a conference call on March 1, 2022, at 10:00 a.m. Eastern Time to discuss its fourth-quarter and full-year 2021 financial results. Investors can join by calling (877) 883-0383 in the U.S. or +1 (412) 902-6506 internationally, using Participant Entry Number 7646043. The call will also be accessible via webcast through the Investor Relations section of Enviva's website. Replays of the call will be available online for a year.
Enviva is recognized as the world’s largest producer of industrial wood pellets.
Enviva Inc. (NYSE: EVA) has priced an underwritten public offering of 4,300,000 common shares at
Enviva Inc. (NYSE: EVA) has initiated an underwritten public offering of 4,300,000 common shares, with an option for underwriters to purchase an additional 645,000 shares. The net proceeds will be utilized for general corporate purposes, including funding capital expenditures and temporarily repaying debt. The offering is conducted under an effective shelf registration statement with the SEC since January 19, 2022. Major financial institutions are involved as joint book-running managers, indicating strong market support for this offering.
Enviva Inc. (NYSE: EVA) announced an MOU with its first U.S. customer and plans to double production capacity to approximately 13 million metric tons per year within five years. The company is accelerating its expansion with new plants in Pascagoula, Mississippi, Savannah, Georgia, and the mid-Atlantic region. Preliminary financial results for 2021 show a projected adjusted EBITDA of $225-$230 million and a dividend of $3.30 per share. Enviva’s customer sales pipeline exceeds $40 billion, bolstered by the recent agreements, positioning the company for growth in the biofuel sector.
Enviva Inc. (NYSE: EVA) marks its first full trading day as a corporation after converting from Enviva Partners, LP on December 31, 2021. The company appointed three new board members: Eva T. Zlotnicka, Martin N. Davidson, Ph.D., and Fauzul Lakhani, aiming to enhance its leadership for anticipated growth in sustainable wood energy markets. Roxanne Klein has been appointed Chief Human Resources Officer, while co-founder Thomas Meth becomes Chief Commercial Officer. The management emphasizes a commitment to sustainability and capital market expertise to drive long-term success.
On January 3, 2022,
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