Earnings release
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Ⓡ enviva NEWS RELEASE Enviva Partners Announces 23rd Consecutive Quarterly Distribution Increase , Reports First Quarter 2021 Results , and Reaffirms Full - Year Guidance 4/28/2021 BETHESDA , Md .-- ( BUSINESS WIRE ) -- Enviva Partners , LP ( NYSE : EVA ) ( " Enviva , " the " Partnership , " " we , " or " our " ) today announced the declaration of its 23rd consecutive quarterly distribution increase and reported financial and operating results for the first quarter of 2021. Additionally , the Partnership reaffirmed its previously announced full - year 2021 guidance . Highlights : • For the first quarter of 2021 , the Partnership declared a distribution of $ 0.785 per common unit , a 15.4 % increase over the first quarter of 2020 and its 23rd consecutive quarterly distribution increase since its initial public offering . • For the first quarter of 2021 , the Partnership reported net loss of $ 1.5 million , adjusted net income of $ 7.4 million , and adjusted EBITDA of $ 46.3 million , which was a 58.8 % increase in adjusted EBITDA over the same period in 2020 . • The Partnership reaffirmed full - year 2021 guidance , including net income in the range of $ 42.3 million to $ 62.3 million , adjusted EBITDA in the range of $ 230.0 million to $ 250.0 million , and per - unit distributions of at least $ 3.17 , each before considering the benefit of any additional drop - downs or other acquisitions . • The Partnership's sponsor announced the signing of a new 21 - year take - or - pay off - take contract to supply a biomass project backed by a major Japanese utility and a major Japanese trading house with 60,000 metric 1