Quarterly Financial Information ENVIVA PARTNERS, LP AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per unit amounts) See Note 1 of our financial statements, Business and Basis of Presentation, to our 2016 Annual Report on Form 10-K (the “10-K”) and slide 34 for basis of presentation. The quarterly information below has been recast accordingly. 33 Three Months Ended March 31, 2017 December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 (Recast) (Recast) (Recast) Product sales $119,047 $121,220 $103,577 $116,247 $103,445 Other revenue 3,076 5,301 7,217 3,462 3,807 Net revenue 122,123 126,521 110,794 119,709 107,252 Cost of goods sold, excluding depreciation and amortization 95,215 99,190 80,420 92,983 84,616 Depreciation and amortization 8,432 7,265 6,434 7,114 6,881 Total cost of goods sold 103,647 106,455 86,854 100,097 91,497 Gross margin 18,476 20,066 23,940 19,612 15,755 General and administrative expenses 8,301 7,029 8,707 6,369 6,949 Impairment of assets held for sale — 9,991 — — — Loss on disposal of assets 24 707 1,524 154 1 Income from operations 10,151 2,339 13,709 13,089 8,805 Other income (expense): Interest expense (7,705) (6,107) (3,314) (3,039) (3,182) Related-party interest expense — (17) (51) (301) (209) Early retirement of debt obligation — (4,438) — — — Other income 56 165 2 140 132 Total other expense, net (7,649) (10,397) (3,363) (3,200) (3,259) Net income (loss) 2,502 (8,058) 10,346 9,889 5,546 Less net loss attributable to noncontrolling partners’ interests 33 187 1,366 1,108 993 Net income (loss) attributable to Enviva Partners, LP $2,535 $(7,871) $11,712 $10,997 $5,847 Less: Pre-acquisition income (loss) from inception to December 13, 2016 from operations of Enviva Pellets Sampson Drop-Down allocated to General Partner $— $101 $(1,321) $(1,056) $(1,647) Enviva Partners, LP partners’ interest in net income (loss) $2,535 $(7,972) $13,033 $12,053 $7,494 Net income (loss) per common unit: Basic $ 0.08 $(0.34) $ 0.51 $ 0.48 $ 0.30 Diluted $0.07 $(0.34) $ 0.50 $ 0.47 $ 0.29 Net income (loss) per subordinated unit: Basic $0.08 $(0.32) $0.51 $0.48 $0.30 Diluted $0.08 $(0.32) $ 0.50 $ 0.47 $ 0.29 Weighted average number of limited partner units outstanding: Common – basic 14,380 13,372 12,919 12,862 12,852 Common – diluted 15,228 13,372 13,480 13,445 13,337 Subordinated – basic and diluted 11,905 11,905 11,905 11,905 11,905
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