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Enviva Inc   (EVA)
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Price: $0.3897 $0.07 22.973%
Day's High: $0.4 Week Perf: 20.13 %
Day's Low: $ 0.32 30 Day Perf: -32.64 %
Volume (M): 2,470 52 Wk High: $ 42.05
Volume (M$): $ 962 52 Wk Avg: $9.91
Open: $0.32 52 Wk Low: $0.25



 Market Capitalization (Millions $) 29
 Shares Outstanding (Millions) 74
 Employees 612
 Revenues (TTM) (Millions $) 1,131
 Net Income (TTM) (Millions $) -335
 Cash Flow (TTM) (Millions $) 211
 Capital Exp. (TTM) (Millions $) 268

Enviva Inc

We are the worlds largest supplier by production capacity of utility-grade wood pellets to major power generators. Since our entry into this business in 2010, we have executed multiple long-term, take-or-pay off-take contracts with utilities and large scale power generators and have built and acquired the production and terminaling capacity necessary to serve them. Our existing production constitutes approximately 14% of current global utility-grade wood pellet production capacity and the product we deliver to our customers typically comprises a material portion of their fuel supply. We own and operate six industrial-scale production plants in the Southeastern United States that have a combined wood pellet production capacity of 2.8 million metric tons per year ("MTPY"). Four of our production plants are new facilities that we constructed using our templated design and standardized equipment. A fifth plant, our largest in terms of production capacity, has been in operation since 2008. We also own a dry-bulk, deep-water marine terminal at the Port of Chesapeake (the "Chesapeake terminal") that reduces our storage and shiploading costs and enables us to reliably supply our customers. All of our facilities are located in geographic regions with low input costs and favorable transportation logistics. Owning these cost-advantaged, fully-contracted assets in a rapidly expanding industry provides us with a platform to generate stable and growing cash flows that we anticipate will enable us to increase our per-unit cash distributions over time, which is our primary business objective.

Our principal product, utility-grade wood pellets, is a globally traded energy commodity that is used as a substitute for coal in both dedicated and co-fired power generation and combined heat and power plants. It enables major power generators to profitably generate electricity in a manner that reduces the overall cost of compliance with mandatory GHG emissions limits and renewable energy targets while also allowing countries to diversify their sources of electricity supply.

Unlike intermittent sources of renewable generation like wind and solar power, wood pellet-fired plants are capable of meeting baseload electricity demand and are dispatchable (that is, power output can be switched on or off or adjusted based on demand). As a result, utilities and major power generators in Europe and Asia have made and continue to make long-term, profitable investments in power-plant conversions and new builds of generating assets that either co-fire wood pellets with coal or are fully dedicated wood pellet-fired plants. Such developments help generators in European and Asian markets maintain and increase baseload generating capacity, comply with binding climate change regulations and other emissions reduction targets and increase renewable energy usage at a lower cost to consumers and taxpayers than other forms of energy generation.

The capital costs required to convert a coal plant to co-fire biomass, or to burn biomass exclusively, are a fraction of the capital costs associated with implementing offshore wind and most other renewable technologies. Furthermore, the relatively quick process of converting coal-fired plants to biomass-fired generation is an attractive benefit for power generators whose generation assets are no longer viable as coal plants due to the expiration of operating permits or the introduction of taxes or other restrictions on fossil fuel usage or emissions of GHGs and other pollutants.

There also continues to be significant growth in the European and Asian demand for wood pellets as the preferred fuel source and lower-cost alternative to delivered fossil fuels for district heating loops, for heating homes and commercial buildings and for the production of process heat at industrial sites. Increasingly, wood pellets are also being sought as a raw material input for bio-based substitutes for traditional fossil fuel-based fuels and chemicals. As these markets further develop, there will continue to be opportunities for utility-grade wood pellet producers to serve this growing demand.



   Company Address: 7272 Wisconsin Ave. Bethesda, 20814 MD
   Company Phone Number: 657-5560   Stock Exchange / Ticker: NYSE EVA
   EVA is expected to report next financial results on February 29, 2024.


Customers Net Income fell by EVA's Customers Net Profit Margin fell to

-34.75 %

8.47 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Business Update

Enviva's Financial Hurdle: Striving Towards NYSE Compliance Amid Other Challenges

Published Mon, Jan 29 2024 9:30 PM UTC

Bethesda, Maryland-based company Enviva Inc., a key player in the biomass industry, has recently found itself at the center of attention in the financial market as it grapples with a challenging predicament. The firm has come off the tracks of regulatory compliance as per the New York Stock Exchange (NYSE) guidelines and is now striving to revive its standing and return to t...

Enviva Inc

Enviva Inc Triumphs Q2 2023 with Subtle Revenue Boost Despite Increased Loss Per Share

Enviva Inc, a leading biomass fuel company, experienced a challenging period between April and June 2023 with an increased loss per share compared to the previous year. The loss per share rose to $0.82, a considerable difference from the previous year's break-even point of $0.00. It is also worrisome that the loss per share increased from the preceding reporting season.
However, there was a glimmer of hope as the company's revenue showed a slight improvement. The revenue grew by 1.884% to reach $301.91 million, compared to $296.32 million during the same reporting season the previous year. Sequentially, the revenue advanced by 12.198% from $269.08 million. While this increase is not monumental, it does indicate some positive growth for Enviva Inc.

Enviva Inc

Enviva Inc Continues Impressive Growth with Strong Double Digit Revenue Advance in Q1 2023

Enviva Inc Records Net Loss of $-240 Million in the First Quarter of 2023
Enviva Inc, a company that produces biomass fuel, has recorded a cumulative net loss of $-240 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on investment (ROI) of -12.13%. This was a significant decrease from the previous year, where the company reported earnings of $0.00 per share.
According to reports, within the Basic Materials sector, 75 other companies had a higher return on investment. Despite this setback, Enviva Inc's overall ranking has progressed in the Mar 31 2023 quarter, so far to 915 from the total ROI ranking in the fourth quarter of 2022 at 3509.






 

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