HMLP - HMLP STOCK NEWS

Höegh LNG Partners LP has declared a quarterly cash distribution of $0.44 per unit for common units for the quarter ended December 31, 2020, amounting to an annualized distribution of $1.76 per unit. This will be paid on February 12, 2021 to unitholders of record as of January 29, 2021. Additionally, a cash distribution of $0.546875 per 8.75% Series A preferred unit will be paid on February 16, 2021. The partnership focuses on owning and operating floating storage and regasification units with an average contract duration of 8.5 years.

Höegh LNG Partners LP (NYSE: HMLP) reported financial results for Q3 2020, with net income at $19.5 million, up from $13.7 million in Q3 2019. Time charter revenues were $35.9 million, slightly down from $37.0 million year-over-year. The Partnership achieved 100% availability of its fleet and generated an operating income of $28.1 million. A distribution of $0.44 per unit was paid for Q3 2020. The company noted potential risks from COVID-19 but reported no significant disruptions to operations.

Höegh LNG Partners LP (NYSE: HMLP) will release its third quarter 2020 results on November 19, 2020, before the market opens. A presentation will be held at 8:30 A.M. (EST) on the same day, followed by a Q&A session. Interested participants can join via webcast or teleconference, with specific dial-in details provided for international, US, and Canadian callers. For those unable to attend, a replay will be available until November 26, 2020. Höegh LNG focuses on floating storage and regasification units, with an average firm contract duration of 8.7 years.

Höegh LNG Partners LP (NYSE: HMLP) announced a quarterly cash distribution of $0.44 per common unit for Q3 2020, translating to an annualized rate of $1.76. This distribution will be paid on November 13, 2020, to common unitholders recorded by October 30, 2020. Additionally, a cash distribution of $0.546875 per 8.75% Series A preferred unit will be paid on November 16, 2020, to unitholders recorded by November 9, 2020. The Partnership operates floating storage and regasification units (FSRUs) under long-term charters.

Höegh LNG Partners LP (NYSE: HMLP) has appointed Andrew Jamieson as the new Non-Executive Chairman of its Board of Directors, effective September 11, 2020. Jamieson has been a director since the Partnership's inception. The board will now consist of seven members, with four being independent. Sveinung J. S. Støhle, the current CEO, will continue as a director. The company focuses on owning and operating floating storage and regasification units (FSRUs), boasting five units with an impressive average remaining contract duration of nine years as of June 30, 2020.

Hoegh LNG Partners LP (NYSE: HMLP) held its 2020 Annual Meeting on September 3, 2020, in Hamilton, Bermuda. During this meeting, the partners voted to re-elect Robert Shaw as a Class II Director. His term is set to expire at the 2024 Annual Meeting of Limited Partners. This decision indicates a continued confidence in Shaw's leadership within the Partnership. Further engagement details were provided through the IGB Group for inquiries.

On August 20, 2020, Höegh LNG Partners LP (HMLP) reported a strong financial performance for Q2 2020. Total time charter revenues increased to $34.4 million, up from $33.8 million in Q2 2019. Operating income reached $27.7 million, with net income climbing to $19.7 million compared to $6.2 million last year. The Partnership maintained 100% availability of FSRUs, effectively managing COVID-19 risks. A $0.44 per unit cash distribution was paid for Q2 2020, maintaining strong distribution coverage. The average remaining contract length now exceeds 9 years.

Höegh LNG Partners LP (HMLP) announced the conclusion of its senior leadership succession process effective August 21, 2020. Steffen Føreid will resign as CEO and CFO, succeeded by Sveinung J.S. Støhle as CEO and Håvard Furu as CFO. Støhle expressed commitment to enhancing the Partnership's position in FSRU services amid rising demand for clean LNG imports. The management consolidation aims to streamline operations and improve returns for unitholders, affirming the focus on maintaining attractive distributions and sustaining US market presence.

Höegh LNG Partners LP (NYSE: HMLP) will release its Q2 2020 results on August 20, 2020, before market opens. A presentation will follow at 8:30 A.M. EST, available via hoeghlngpartners.com. A Q&A session will occur post-presentation. Participants can join via a webcast or teleconference, with specific dial-in numbers provided for international, US, and Canadian attendees. For those unable to attend, a replay will be available until August 27, 2020, using provided replay dial-in numbers and passcode.