Enviva Partners (EVA) Reports Q2 results, initiates guidance

Enviva Partners (NYSE: EVA) reported Q2 EPS of $. Revenue for the quarter came in at $301.9 million versus the consensus estimate of $305.45 million.

GUIDANCE

FY23: Reaffirmed net loss guidance range for full-year 2023 of $186 million to $136 million

Reaffirmed adjusted EBITDA guidance range for full-year 2023 of $200 million to $250 million.

Q3: Enviva is maintaining its net loss range for third-quarter 2023 of $25 million to $5 million, but revising its adjusted EBITDA guidance range to contemplate. As a result, adjusted EBITDA guidance for third-quarter 2023 is now expected to be in the range of $60 million to $80 million, lowered by $10 million from the previous expectation of $70 million to $90 million.

Q4: Enviva’s net income for the fourth quarter is now expected to be in the range of $40 million to $60 million, increased from the previous estimate of $20 million to $40 million. Adjusted EBITDA is now expected to be in the range of $120 million to $140 million, increased from the previous estimate of $110 million to $130 million.

For earnings history and earnings-related data on Enviva Partners (EVA) click here.

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