Q4
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Enviva reports strong performance despite challenging market
Despite challenging market conditions in the broader energy sector, Enviva LP completed 2015 with continued strong operating performance, said Chairman and CEO John Keppler during the company’s Q4 2015 and year-end financial earnings call. For Q4 2015, Enviva reported net revenue of $116.8 million, a $37.8 million, or 48 percent, increase over Q4 2015, and Keppler said that Enviva expects to distribute at least $2.10 per unit for 2016, a 27 percent increase over the annualized minimum quarterly distribution announced at our IPO less than a year ago. Keppler emphasized one of the year’s highlights was the “Southampton dropdown,” Enviva’s acquisition of a 510,000-ton-per-year pellet plant located in Southampton County, Virginia. The facility was developed by its sponsor, Enviva Holdings LP, under a joint venture with affiliates of John Hancock Life Insurance Co., and... Continue reading
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February 23, 2016
RusForest increases sawnwood production in Q4/2015
RusForest AB announced preliminary Q4 2015 and sales results for its Magistralny and Ust-Ilimsk units. The Swedish forestry company with operations in Russia increased its sawmilling and harvesting operations in the mentioned period and finished the year “on a strong note in terms of production”, according to the company’s management comments. The new pellet mill in Magistralny and the new harvesting operations in Ust-Ilimsk started production in the Q4 2015 and are working on improving overall production. Still, the sawnwood markets, except for Japan, have declined in the last years and have represented a big challenge for the mentioned period of 2015. In Q4 2015, RusForest harvested 117,101 m3 of sawlogs, compared with 105,038 m3 in Q4 2014 (+11%), which included 14,420 m3 of recently developed own harvesting in Ust-Ilimsk. At the same time, RusForest's subcontractors... Continue reading
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March 15, 2016
Enviva reports strong performance despite challenging market
Despite challenging market conditions in the broader energy sector, Enviva LP completed 2015 with continued strong operating performance, said Chairman and CEO John Keppler during the company’s Q4 2015 and year-end financial earnings call. For Q4 2015, Enviva reported net revenue of $116.8 million, a $37.8 million, or 48 percent, increase over Q4 2015, and Keppler said that Enviva expects to distribute at least $2.10 per unit for 2016, a 27 percent increase over the annualized minimum quarterly distribution announced at our IPO less than a year ago. Keppler emphasized one of the year’s highlights was the “Southampton dropdown,” Enviva’s acquisition of a 510,000-ton-per-year pellet plant located in Southampton County, Virginia. The facility was developed by its sponsor, Enviva Holdings LP, under a joint venture with affiliates of John Hancock Life Insurance Co., and... Continue reading
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February 23, 2016
RusForest increases sawnwood production in Q4/2015
RusForest AB announced preliminary Q4 2015 and sales results for its Magistralny and Ust-Ilimsk units. The Swedish forestry company with operations in Russia increased its sawmilling and harvesting operations in the mentioned period and finished the year “on a strong note in terms of production”, according to the company’s management comments. The new pellet mill in Magistralny and the new harvesting operations in Ust-Ilimsk started production in the Q4 2015 and are working on improving overall production. Still, the sawnwood markets, except for Japan, have declined in the last years and have represented a big challenge for the mentioned period of 2015. In Q4 2015, RusForest harvested 117,101 m3 of sawlogs, compared with 105,038 m3 in Q4 2014 (+11%), which included 14,420 m3 of recently developed own harvesting in Ust-Ilimsk. At the same time, RusForest's subcontractors... Continue reading
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March 15, 2016
Enviva reports strong performance despite challenging market
Despite challenging market conditions in the broader energy sector, Enviva LP completed 2015 with continued strong operating performance, said Chairman and CEO John Keppler during the company’s Q4 2015 and year-end financial earnings call. For Q4 2015, Enviva reported net revenue of $116.8 million, a $37.8 million, or 48 percent, increase over Q4 2015, and Keppler said that Enviva expects to distribute at least $2.10 per unit for 2016, a 27 percent increase over the annualized minimum quarterly distribution announced at our IPO less than a year ago. Keppler emphasized one of the year’s highlights was the “Southampton dropdown,” Enviva’s acquisition of a 510,000-ton-per-year pellet plant located in Southampton County, Virginia. The facility was developed by its sponsor, Enviva Holdings LP, under a joint venture with affiliates of John Hancock Life Insurance Co., and... Continue reading