diff --git a/news/5010.bugfix.md b/news/5010.bugfix.md
new file mode 100644
index 0000000000..e532226ba7
--- /dev/null
+++ b/news/5010.bugfix.md
@@ -0,0 +1 @@
+Environment variables were not being loaded when the `--quiet` flag was set
diff --git a/pipenv/core.py b/pipenv/core.py
index b1e8d01ed1..ab3033ea0f 100644
--- a/pipenv/core.py
+++ b/pipenv/core.py
@@ -115,11 +115,12 @@ def load_dot_env(project, as_dict=False, quiet=False):
             )
         if as_dict:
             return dotenv.dotenv_values(dotenv_file)
-        elif os.path.isfile(dotenv_file) and not quiet:
-            click.echo(
-                crayons.normal(fix_utf8("Loading .env environment variables..."), bold=True),
-                err=True,
-            )
+        elif os.path.isfile(dotenv_file):
+            if not quiet:
+                click.echo(
+                    crayons.normal(fix_utf8("Loading .env environment variables..."), bold=True),
+                    err=True,
+                )
             dotenv.load_dotenv(dotenv_file, override=True)
         project.s.initialize()