=Enviva Partners (EVA) reported earnings on Thur 3 Nov 2016 (b/o)

Enviva Partners misses by $0.01, misses on revs:

• Reports Q3 (Sep) earnings of $0.50 per share, $0.01 worse than the Capital IQ Consensus of $0.51; revenues fell 5.8% year/year to $109.8 mln vs the $120.23 mln Capital IQ Consensus.
• The Partnership now expects FY16 net income to be in the range of $34.0 mln to $36.0 mln, while adjusted EBITDA is now expected to be in or slightly above the range of $86.0 mln to $88.0 mln.
  • For FY16, the Partnership continues to expect to distribute at least $2.10 per common and subordinated unit.
• The Partnership expects FY17 net income to be in the range of $31.0 mln to $35.0 mln and adjusted EBITDA to be in the range of $110.0 mln to $114.0 mln. For FY17, we expect to distribute at least $2.35 per common and subordinated unit.