BETHESDA, Md.--(BUSINESS WIRE)--
Enviva Partners, LP (EVA) announced today that the board of directors of its general partner declared a quarterly distribution of $0.64 per common unit for the fourth quarter of 2018. This distribution represents the Partnership’s fourteenth consecutive distribution increase and its distribution has grown at a 13.4 percent compound annual growth rate since its initial public offering. The quarterly distribution will be paid on Thursday, February 28, 2019 to unitholders of record as of the close of business on Friday, February 15, 2019.
About Enviva Partners, LP
Enviva Partners, LP (the “Partnership”) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe. The Partnership owns and operates six plants with a combined production capacity of nearly three million metric tons of wood pellets per year in Virginia, North Carolina, Mississippi, and Florida. In addition, the Partnership exports wood pellets through its owned marine terminal assets at the Port of Chesapeake, Virginia, and the Port of Wilmington, North Carolina and from third-party marine terminals in Mobile, Alabama and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b)(4). Brokers and nominees should treat 100 percent of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.