Welcome to our dedicated page for HMLP-PA news (Ticker: HMLP-PA), a resource for investors and traders seeking the latest updates and insights on HMLP-PA stock.
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Höegh LNG Partners LP (NYSE: HMLP-PA) reported a Q3 2022 net income of $16.6 million, down from $17.4 million in Q3 2021. Operating income also declined to $18.2 million from $27.1 million a year earlier, impacted by increased operating and administrative expenses. Total time charter revenues rose to $36.9 million, compared to $35.6 million in Q3 2021. The Partnership's equity in earnings from joint ventures decreased significantly, reflecting maintenance costs for the Neptune. Höegh LNG acquired all common units of the Partnership, resulting in delisting from NYSE. Cash distribution of $0.546875 per Series A preferred unit was paid on November 15, 2022.
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