Enviva Partners Secures $250M Equity Investment from Riverstone, Inclusive Capital Partners, and BTG Pactual, Expected to Close in March.
March 2, 2023
Trending News ☀️
Enviva Partners ($NYSE:EVA), LP has announced that it has entered into a definitive agreement to issue and sell $250 million of equity securities in a private placement, led by affiliates of Enviva’s two largest shareholders, Riverstone and Inclusive Capital Partners, and BTG Pactual. The total equity raised is expected to close on or around March 31, 2021. The equity offering will allow Enviva to further expand its operations and grow its business. The agreement is a testament to investor confidence in the company as it continues to use renewable wood as a sustainable source of energy, while also mitigating risks associated with climate change.
Enviva is dedicated to pursuing sustainability initiatives that advance the industry standards and commitments to responsible forestry practices. This latest investment is a significant milestone in the company’s mission of creating a more sustainable energy future.
Market Price
On Wednesday, ENVIVA PARTNERS announced a $250 million equity investment from Riverstone, Inclusive Capital Partners, and BTG Pactual; the closing of the transaction is expected to be completed by the end of March. The proceeds from the offering are expected to be used to fuel the expansion of ENVIVA’s wood pellet production and its logistics business relating to Pellet Freight solutions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enviva Partners. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | -150.38 | -12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enviva Partners. More…
| Operations | Investing | Financing |
| -50.52 | -254.6 | 198.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enviva Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.27k | 1.89k | 6.43 |
Key Ratios Snapshot
Some of the financial key ratios for Enviva Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.1% | 8.3% | -10.0% |
| FCF Margin | ROE | ROA |
| -26.5% | -15.5% | -3.1% |
Analysis
At GoodWhale, we have conducted an analysis of ENVIVA PARTNERS‘s financials and have determined that they are a medium risk investment. We have detected two risk warnings in their income and balance sheets, so it’s important to conduct due diligence on your investment to make sure you’re making the best decision. Registering with us provides full access to our platform, where you can see all of our detailed findings, giving you the information you need to make an informed decision about this investment. With GoodWhale’s data-driven insights and analysis, you can be sure that you’re investing wisely. More…
Peers
Its competitors are West Fraser Timber Co. Ltd, Charbone Hydrogen Corp, and National Plywood Industries Ltd.
– West Fraser Timber Co.Ltd ($TSX:WFG)
With a market cap of 9.1B as of 2022, West Fraser Timber Co.Ltd is a large company with a lot of capital. Its return on equity of 25.41% shows that it is a profitable company that reinvests its earnings back into the business. The company is a leading forest products company that produces lumber, wood chips, and other forest products.
– Charbone Hydrogen Corp ($TSXV:CH)
Charbone Hydrogen Corp is a hydrogen fuel company with a market cap of 8.98M as of 2022. The company has a Return on Equity of 84.65%. The company produces hydrogen fuel for use in transportation, industry, and power generation. The company has a strong focus on research and development in order to improve the efficiency and safety of its products.
– National Plywood Industries Ltd ($BSE:516062)
National Plywood Industries Ltd is a leading manufacturer of plywood and allied products in India. The company has a market cap of 246.18M as of 2022. It manufactures a wide range of plywood and allied products, including blockboards, flush doors, laminated boards, and veneers. The company has a strong presence in the Indian market with a wide network of dealers and distributors. It exports its products to more than 50 countries across the globe.
Summary
Enviva Partners, LP (ENVA) recently announced it secured an equity investment of $250 million from Riverstone, Inclusive Capital Partners, and BTG Pactual. This capital infusion has the potential to be accretive to ENVA’s financial performance, providing greater flexibility to fund future projects and dividend growth. The news caused ENVA stock to move down on the same day.
Investors should keep a close eye on the company’s financial performance, including cash flow and balance sheet strength, as well as monitor its ability to capitalize on new projects while delivering consistent dividend growth. Investors should also consider the company’s overall risk profile given the volatility of the energy market and its associated risks.
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