Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2021, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company. The company was incorporated in 2014 and is headquartered in Hamilton, Bermuda. Höegh LNG Partners LP is a subsidiary of Höegh LNG Holdings Ltd.
IPO Year: 2014
Exchange: NYSE
Website: hoeghlngpartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/29/2022 | $8.00 → $9.50 | Hold → Buy | Stifel |
| 7/28/2021 | $19.00 → $7.00 | Buy → Neutral | B. Riley Securities |
| 7/28/2021 | $20.00 → $10.00 | Overweight → Underweight | Barclays |
Kathleen McAllister is a seasoned CEO, CFO and Board Director who has held diverse leadership roles in global, capital-intensive companies in the energy value chain, including at Black Hills Corp. (NYSE:BKH), Höegh LNG Partners LP (NYSE:HMLP) and Transocean Partners LLC (NYSE:RIGP)McAllister's appointment – together with earlier appointments of Sheila Khama, Amelia Kinahoi Siamomua and Gina Stryker – brings 50-50 gender parity to TMC's boardroom. With just three percent of S&P 500 companies' boards comprised of 50 percent or more women today, TMC is joining a small but rapidly growing number of companies delivering on gender parity goals NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The Met
HAMILTON, Bermuda, Jan. 14, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended December 31, 2020 of $0.44 per unit for the common units. The distribution corresponds to an annualized distribution of $1.76 per unit. The cash distribution for the common units will be paid on February 12, 2021 to all common unitholders of record as of the close of the business on January 29, 2021. The Partnership also announced that the Board declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.7
Stifel upgraded Hoegh LNG Partners from Hold to Buy and set a new price target of $9.50 from $8.00 previously
B. Riley Securities downgraded Hoegh LNG Partners from Buy to Neutral and set a new price target of $7.00 from $19.00 previously
Barclays downgraded Hoegh LNG Partners from Overweight to Underweight and set a new price target of $10.00 from $20.00 previously
Citigroup reiterated coverage of Hoegh LNG Partners with a rating of Sell and set a new price target of $15.00 from $13.00 previously
Kepler Capital Markets resumed coverage of Höegh LNG Partners with a rating of Buy
Danske upgraded Höegh LNG Partners from Sell to Hold
BofA Securities downgraded Hoegh LNG Partners from Buy to Underperform and set a new price target of $16.00 from $17.00 previously
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HAMILTON, Bermuda, Dec. 5, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") announces that its board of directors (the "Board") has approved the delisting of the Partnership's 8.75% Series A Cumulative Redeemable Preferred Units (the "Preferred Units"). The Partnership also plans to give notice to the New York Stock Exchange ("NYSE") of its intent to voluntarily delist the Preferred Units and to withdraw the registration of its Preferred Units with the Securities and Exchange Commission ("SEC"). The Partnership intends to file a Form 25 Notification of Removal from Listing with the SEC on or about December 23, 2022, and the delisting will be effective on or about Ja
HAMILTON, Bermuda, Nov. 30, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE:HMLP) announces that Mr. Erik Nyheim has been appointed by the general partner of the Partnership to fill the vacancy created by the resignation of Mr. John V. Veech earlier this month as an appointed director of the Board of Directors of the Partnership (the "Board"). Additionally, Mr. Carlo Ravizza has been appointed by the appointed directors of the Board to succeed Mr. Veech as chairman of the Board. Mr. Nyheim has served as President and Chief Executive Officer of Höegh LNG Holdings Ltd. since August 2022. Previously, he was a Partner of Boston Consulting Group's Norwegian office where he
HAMILTON, Bermuda, Nov. 17, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended September 30, 2022. Highlights Reported for the third quarter of 2022 total time charter revenues of $36.9 million (Q3 2021: $35.6 million).Generated for the third quarter of 2022 operating income of $18.2 million (Q3 2021: $27.1 million), net income of $16.6 million (Q3 2021: $17.4 million) and limited partners' interest in net income of $12.7 million (Q3 2021: $13.5 million).Reported equity in earnings of joint ventures for the third quarter of 2022 of $2.5 million (Q3 2021: $6.1 million) which includes two 50% owned FSRUs, the Ne
HAMILTON, Bermuda, Nov. 8, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") announces that on November 8, 2022, Mr. John V. Veech, Chairman of the Board of Directors (the "Board") of the Partnership, provided notice of his resignation as Chairman and as a director of the Board, effective on November 8, 2022. The general partner of the Partnership is undertaking a process to select a successor for Mr. Veech. Mr. Veech commented "It has been an honor and a privilege to have served as Chairman of the Board of the Partnership. It is an exciting and dynamic time in the LNG market. I shall value above all else the relationships with my fellow directors and the best-in-cla
HAMILTON, Bermuda, Oct. 18, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") announced today that its board of directors has declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.75% Series A preferred units will be paid on November 15, 2022, to all 8.75% Series A preferred unitholders of record as of the close of the business on November 8, 2022. This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's cont
HAMILTON, Bermuda, Sept. 23, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") announces the completion of its previously announced acquisition by Höegh LNG Holdings Ltd. ("Höegh LNG"), pursuant to which Höegh LNG acquired all of the outstanding common units of the Partnership (the "Common Units") not already owned by Höegh LNG. Each Common Unit, other than those owned by Höegh LNG, was automatically converted into the right to receive $9.25 per Common Unit in cash. The Partnership's 8.75% Series A Cumulative Redeemable Preferred Units (the "Series A Preferred Units") will remain outstanding. The Partnership also announces that it requested that trading of the Commo
HAMILTON, Bermuda, Sept. 20, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") announces that at a special meeting held today, the Partnership's common unitholders voted on and approved the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 25, 2022, by and among Höegh LNG Holdings Ltd. ("Höegh LNG"), Hoegh LNG Merger Sub LLC, Höegh LNG Partners LP and Höegh LNG GP LLC, and the merger contemplated thereby (the "Merger"). Pursuant to the Merger Agreement, Höegh LNG has agreed to acquire all of the outstanding common units of the Partnership (other than those held by Höegh LNG) for $9.25 per unit in cash.
OVERLAND PARK, KS / ACCESSWIRE / September 19, 2022 / TortoiseEcofin today announced that Hoegh LNG Partners LP (NYSE:HMLP) will be removed from the Tortoise MLP Index® (TMLP), as a result of the approved merger with Hoegh LNG Holdings Ltd. Due to the merger, HMLP will be removed from the index without special rebalancing at market open on Monday, September 26, 2022.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% threshold and the target constituent weight exceeds certain weighting thresholds. Implementation of special rebalancings will b
HAMILTON, Bermuda, Sept. 13, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") announces that it has notified the New York Stock Exchange ("NYSE") of the anticipated closing date of the previously-announced merger (the "Merger") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 25, 2022, by and among Höegh LNG Holdings Ltd. ("Höegh LNG"), Hoegh LNG Merger Sub LLC, the Partnership and Höegh LNG GP LLC. The Partnership anticipates that the merger will close on or about September 23, 2022, subject to approval of the Merger Agreement and Merger by a majority of the outstanding common units of the Partnership and certain customary clo
HAMILTON, Bermuda, Aug. 24, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2022. Highlights 100% availability of FSRUs for the second quarter of 2022Reported total time charter revenues of $36.9 million for the second quarter of 2022 compared to $34.7 million of time charter revenues for the second quarter of 2021Generated operating income of $22.3 million, net income of $13.1 million and limited partners' interest in net income of $9.2 million for the second quarter of 2022 compared to operating income of $24.1 million, net income of $2.6 million and limited partners' interest in net loss of $1.2
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HAMILTON, Bermuda, Nov. 17, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended September 30, 2022. Highlights Reported for the third quarter of 2022 total time charter revenues of $36.9 million (Q3 2021: $35.6 million).Generated for the third quarter of 2022 operating income of $18.2 million (Q3 2021: $27.1 million), net income of $16.6 million (Q3 2021: $17.4 million) and limited partners' interest in net income of $12.7 million (Q3 2021: $13.5 million).Reported equity in earnings of joint ventures for the third quarter of 2022 of $2.5 million (Q3 2021: $6.1 million) which includes two 50% owned FSRUs, the Ne
HAMILTON, Bermuda, Aug. 24, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2022. Highlights 100% availability of FSRUs for the second quarter of 2022Reported total time charter revenues of $36.9 million for the second quarter of 2022 compared to $34.7 million of time charter revenues for the second quarter of 2021Generated operating income of $22.3 million, net income of $13.1 million and limited partners' interest in net income of $9.2 million for the second quarter of 2022 compared to operating income of $24.1 million, net income of $2.6 million and limited partners' interest in net loss of $1.2
HAMILTON, Bermuda, Aug. 17, 2022 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE:HMLP) second quarter 2022 results will be released on Wednesday, August 24, 2022, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Wednesday, August 24, 2022. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details: a. Webcast https://app.webinar.net/E3qLlRjln9Y b. Teleconference International call: 1-412-542-4123 US Toll Free call: 1-855-239-1375 Canada Toll Free call: 1-8
HAMILTON, Bermuda, May 19, 2022 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE:HMLP) first quarter 2022 results will be released on Wednesday, May 25, 2022, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Wednesday, May 25, 2022. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details: a. Webcast https://app.webinar.net/zP3nb3lewNr b. Teleconference International call: 1-412-542-4123 US Toll Free call: 1-855-239-1375 Canada Toll Free call: 1-855-669-9
HAMILTON, Bermuda, Feb. 15, 2022 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) fourth quarter 2021 results will be released on Wednesday, February 23, 2022, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Wednesday, February 23, 2022. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details: a. Webcasthttps://www.webcaster4.com/Webcast/Page/942/44660 b. Teleconference International call: 1-412-542-4123 US Toll Free call: 1-855-239-1375 Canada T
HAMILTON, Bermuda, Dec. 24, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE:HMLP) today announced that it has completed a refinancing of the commercial tranche of its PGN FSRU Lampung debt facility (the "Refinanced Lampung Facility") and the refinancing of the Neptune debt facility (the "New Neptune Facility"). The Refinanced Lampung Facility On December 24, 2021, the Partnership closed a refinancing of the commercial tranche's outstanding amount of $15.5 million in full. The refinanced PGN FSRU Lampung debt facility's commercial tranche will amortize with equal quarterly installments to zero by June 2026, subject to the cash sweep mechanism described below. The Refinanc
HAMILTON, Bermuda, Nov. 18, 2021 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended September 30, 2021. Highlights Continued measures to mitigate the risks from the COVID–19 pandemic and ensure health and safety of crews and staff, whose wellbeing is the Partnership's highest priority No reported cases of COVID–19; 100% availability of FSRUs for the third quarter of 2021 Reported total time charter revenues of $35.6 million for the third quarter of 2021, compared to $35.9 million of time charter revenues for the third quarter of 2020 Generated operating income of $27.1 million, net income of $17.4 million and limit
HAMILTON, Bermuda, Nov. 11, 2021 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) third quarter 2021 results will be released on Thursday, November 18, 2021, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Thursday, November 18, 2021. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details: a. Webcasthttps://www.webcaster4.com/Webcast/Page/942/43674 b. Teleconference International call: 1-412-542-4123 US Toll Free call: 1-855-239-1375 Canada Toll
HAMILTON, Bermuda, Sept. 29, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE:HMLP) today announced that it has entered into an agreement with its lenders to defer the maturity date of the commercial tranche of its PGN FSRU Lampung debt facility (the "Lampung Facility") to allow for more time to conclude a refinancing of this tranche. The lenders have agreed to defer the maturity date of the commercial tranche from September 29, 2021 until January 14, 2022. Subject to commitment letters and a term sheet for a refinancing of the commercial tranche being in place by December 29, 2021, the maturity date will automatically be further deferred to March 29, 2022. The commerci
HAMILTON, Bermuda, Aug. 26, 2021 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2021. Highlights Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is the Partnership's highest priority No reported cases of COVID-19; 100% availability of FSRUs for the second quarter of 2021 Reported total time charter revenues of $34.7 million for the second quarter of 2021 compared to $34.4 million of time charter revenues for the second quarter of 2020 Generated operating income of $24.1 million, net income of $2.6 million and limited p
Hoegh LNG Partners (NYSE:HMLP) reported $36.90 million in sales this quarter. This is a 3.66 percent increase over sales of $35.60 million the same period last year.
Hoegh LNG Partners LP (NYSE:HMLP) reported second-quarter total time charter revenue of $36.94 million, an increase of 6.5% year-over-year, beating the consensus of $35.19 million. Earnings per unit of $0.28 missed the consensus of $0.37. Operating income decreased by 7.4% Y/Y to $22.29 million, and the margin contracted by 901 bps to 60.33%. Segment EBITDA was $31.01 million (-9.5% Y/Y), and margin declined 1,481 bps to 84%. Hoegh LNG generated cash from operating activities of $20.9 million in Q2, compared to $21.07 million a year ago. Total operating expenses were $19.2 million, an increase of $5.3 million from $13.9 million in 2Q21. As of June 30, 2022, the company held cash and
Hoegh LNG Partners (NYSE:HMLP) reported its Q2 earnings results on Wednesday, August 24, 2022 at 08:05 AM. Here's what investors need to know about the announcement. Earnings Hoegh LNG Partners missed estimated earnings by 24.32%, reporting an EPS of $0.28 versus an estimate of $0.37. Revenue was up $2.25 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.12 which was followed by a 0.22% increase in the share price the next day. Here's a look at Hoegh LNG Partners's past performance: Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021 EPS Estimate 0.37 0.38 0.35 0.38 EPS Actual
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Hoegh LNG Partners (NYSE:HMLP) is set to give its latest quarterly earnings report on Wednesday, 2022-08-24. Here's what investors need to know before the announcement. Analysts estimate that Hoegh LNG Partners will report an earnings per share (EPS) of $0.37. Hoegh LNG Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.12, which was followed by a 0.22% i
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the energy sector: Hoegh LNG Partners (NYSE:HMLP) - P/E: 7.5 Eni (NYSE:E) - P/E: 4.76 Vista Energy (NYSE:VIST) - P/E: 5.14 TransGlobe Energy (NASDAQ:TGA) - P/E: 2.34 California Resources (NYSE:CRC) - P/E: 6.92 Hoegh LNG Partners has reported Q1 earnings per share at $0.49, which has increased by 32.43% compared to Q4, which was 0.37. Its most recent d
Thursday marks the last chance for investors to receive the next dividend payout from Hoegh LNG Partners (NYSE:HMLP). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 1 per share. On Friday, Hoegh LNG Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own HMLP as of the end of Thursday's session are eligible to receive the 1 dividend payout for eve
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching: TransGlobe Energy (NASDAQ:TGA) - P/E: 3.9 Petrobras Brasileiro (NYSE:PBR) - P/E: 3.18 Peabody Energy (NYSE:BTU) - P/E: 9.46 Hoegh LNG Partners (NYSE:HMLP) - P/E: 7.43 Centrus E
Upgrades According to Citigroup, the prior rating for Hoegh LNG Partners LP (NYSE:HMLP) was changed from Sell to Neutral. In the first quarter, Hoegh LNG Partners showed an EPS of $0.49, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of $18.17 and a 52-week-low of $3.77. At the end of the last trading period, Hoegh LNG Partners closed at $8.99. For Alignment Healthcare Inc (NASDAQ:ALHC), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Alignment Healthcare had an EPS of $0.23, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $27.92 and a 52-week-low of $6.14. At the end of the last trading period,