Sector: Basic Materials | Industry: Forest & Wood Products |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7272 Wisconsin Ave., Suite 1800 BETHESDA MD 20814 |
Tel: | N/A |
Website: | https://www.envivabiomass.com |
IR: | See website |
Key People | ||
Ralph C. Alexander Interim Chairman of the Board | Thomas Meth President, Director | Glenn T. Nunziata Interim Chief Executive Officer, Chief Financial Officer, Executive Vice President, Principal Accounting Officer, Director |
Mark A. Coscio Chief Operating Officer, Executive Vice President, Chief Development Officer | Roxanne B. Klein Chief Administrative and People Officer, Executive Vice President | Jason E. Paral Senior Vice President, General Counsel, Secretary | John-Paul D. Taylor Senior Vice President, Chief Commercial Officer |
Business Overview |
Enviva Inc. develops, constructs, acquires, and owns and operates fully contracted wood pellet production plants. The Company aggregates a natural resource, wood fiber, and processes it into dry, densified, uniform pellets that can be stored and transported around the world. The Company primarily sell its wood pellets through long-term, take-or-pay-off-take contracts with creditworthy customers in the United Kingdom, European Union, and Japan, who use its pellets to displace coal and other fossil fuels to generate power and heat. The Company owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year (MTPY) of wood pellets in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. It exports its wood pellets to global markets through its marine terminal at the Port of Chesapeake, Virginia, terminal assets at the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi. |
Financial Overview |
For the nine months ended 30 September 2023, Enviva Inc revenues increased 4% to $891.6M. Net loss applicable to common stockholders increased from $90.9M to $258.8M. Revenues reflect Other revenue increase from $7.5M to $36.3M, Product sales increase of 1% to $855.3M. Higher net loss reflects Interest expense - Balancing value increase of 41% to $79.8M (expense), Loss on disposal of assets increase of 55% to $11.2M (expense). |
Employees: | 1,386 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,539M as of Sep 30, 2023 |
Annual revenue (TTM): | $1,131M as of Sep 30, 2023 |
EBITDA (TTM): | $22.12M as of Sep 30, 2023 |
Net annual income (TTM): | -$339.67M as of Sep 30, 2023 |
Free cash flow (TTM): | -$440.55M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $1,507M as of Sep 30, 2023 |
Shares outstanding: | 74,496,537 as of Nov 3, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |