See more : Daiwa Securities Living Investment Corporation (JRHIF) Income Statement Analysis – Financial Results
Complete financial analysis of Höegh LNG Partners LP (HMLP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Höegh LNG Partners LP, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Höegh LNG Partners LP (HMLP)
About Höegh LNG Partners LP
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. As of March 31, 2022, 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. As of September 23, 2022, Höegh LNG Partners LP operates as a subsidiary of Höegh LNG Holdings Ltd.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 141.26M | 143.10M | 145.44M | 146.56M | 143.53M | 91.11M | 57.47M | 70.20M | 50.87M | 5.51M |
| Cost of Revenue | 49.26M | 45.01M | 52.35M | 45.34M | 45.00M | 26.95M | 12.33M | 43.14M | 43.28M | 5.51M |
| Gross Profit | 92.00M | 98.09M | 93.09M | 101.22M | 98.54M | 64.16M | 45.13M | 27.06M | 7.59M | 0.00 |
| Gross Profit Ratio | 65.13% | 68.55% | 64.01% | 69.06% | 68.65% | 70.42% | 78.54% | 38.55% | 14.93% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.41M | 9.74M | 9.86M | 8.92M | 9.91M | 9.72M | 8.73M | 11.66M | 8.04M | 3.19M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 12.41M | 9.74M | 9.86M | 8.92M | 9.91M | 9.72M | 8.73M | 11.66M | 8.04M | 3.19M |
| Other Expenses | 2.32M | 2.40M | 2.88M | 2.57M | 2.50M | 2.77M | 2.59M | 2.37M | 1.11M | 1.00K |
| Operating Expenses | 14.73M | 12.14M | 12.74M | 11.49M | 12.41M | 12.49M | 11.32M | 14.03M | 9.15M | 3.19M |
| Cost & Expenses | 64.00M | 57.15M | 65.09M | 56.83M | 57.41M | 39.43M | 23.65M | 57.17M | 52.43M | 8.70M |
| Interest Income | 553.00K | 605.00K | 947.00K | 725.00K | 500.00K | 857.00K | 7.57M | 4.96M | 2.12M | 2.48M |
| Interest Expense | 19.90M | 22.00M | 24.95M | 26.08M | 28.28M | 21.99M | 14.10M | 3.72M | -2.19M | -1.99M |
| Depreciation & Amortization | 20.42M | 20.94M | 21.48M | 21.15M | 21.05M | 10.55M | 2.65M | 1.32M | 8.00K | 372.00K |
| EBITDA | 100.52M | 111.65M | 106.44M | 133.15M | 4.17M | 77.79M | 58.34M | 7.95M | 38.35M | 2.19M |
| EBITDA Ratio | 71.16% | 78.02% | 73.19% | 90.85% | 71.06% | 85.38% | 101.53% | 11.32% | 75.38% | 39.80% |
| Operating Income | 80.11M | 94.77M | 89.31M | 110.24M | 93.76M | 71.06M | 53.52M | 10.07M | 39.78M | 1.82M |
| Operating Income Ratio | 56.71% | 66.23% | 61.41% | 75.22% | 65.33% | 78.00% | 93.14% | 14.35% | 78.19% | 33.06% |
| Total Other Income/Expenses | -3.82M | -26.06M | -29.29M | -24.32M | -30.70M | -25.82M | -11.93M | -7.16M | 749.00K | 2.37M |
| Income Before Tax | 76.29M | 68.71M | 60.02M | 85.93M | 63.07M | 45.25M | 41.59M | 2.91M | 40.53M | 4.19M |
| Income Before Tax Ratio | 54.00% | 48.02% | 41.27% | 58.63% | 43.94% | 49.67% | 72.38% | 4.15% | 79.66% | 75.98% |
| Income Tax Expense | 16.29M | 5.56M | 7.28M | 8.31M | 3.88M | 3.87M | 313.00K | 505.00K | -1.44M | 0.00 |
| Net Income | 60.00M | 63.15M | 52.74M | 77.62M | 48.78M | 41.38M | 41.28M | 2.41M | 40.53M | 4.19M |
| Net Income Ratio | 42.47% | 44.13% | 36.26% | 52.96% | 33.99% | 45.42% | 71.83% | 3.43% | 79.66% | 75.98% |
| EPS | 1.78 | 1.83 | 1.52 | 2.29 | 1.44 | 1.58 | 1.56 | 0.09 | 1.54 | 0.16 |
| EPS Diluted | 1.78 | 1.83 | 1.52 | 2.29 | 1.44 | 1.58 | 1.56 | 0.09 | 1.54 | 0.16 |
| Weighted Avg Shares Out | 33.70M | 34.53M | 34.72M | 33.84M | 33.80M | 26.19M | 26.40M | 26.31M | 26.31M | 26.31M |
| Weighted Avg Shares Out (Dil) | 33.70M | 34.53M | 34.72M | 33.84M | 33.80M | 26.19M | 26.40M | 26.31M | 26.31M | 26.31M |
Hoegh LNG Partners Preferred Stock: 14.4% Yield While Balance Sheet Improves
Hoegh LNG Partners remains very profitable, covering dividends with ample net profit and maintaining a strong balance sheet. The partnership's prudent financial management, including debt reduction and controlled expenses, ensures a solid foundation for preferred shareholders. Preferred shares offer a...
Hoegh LNG Partners 15.6% Yielding Preferred Shares: A High Risk/High Reward Trade-Off
Hoegh LNG Partners reported strong cash flow and financial results in its full-year report. The company's preferred dividends are fully covered, and it has recently started paying distributions on its common units. The partnership's almost $80M in free cash flow...
Hoegh LNG Partners: Speculative Preferred Shares Offer Appealing Yield
Höegh LNG Partners' preferred shares are still trading after delisting, but at half of their principal value. The company's financial performance remains strong, with increased operating income and well-covered preferred dividends. The ongoing arbitration case regarding the FSRU Lampung lease...
Höegh LNG Partners LP to Voluntarily Delist its 8.75% Series A Cumulative Redeemable Preferred Units
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...
Höegh LNG Partners LP Announces Completion of its Acquisition by Höegh LNG Holdings Ltd.
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 Partners LP Common Unitholders Approve Merger at Special Meeting
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...
Höegh LNG Partners LP Announces Anticipated Closing Date of Proposed Merger with Höegh LNG Holdings Ltd. and Intention to Delist its Common Units
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...
Höegh LNG Partners LP (HMLP) CEO Håvard Furu on Q2 2022 Results - Earnings Call Transcript
Höegh LNG Partners LP (NYSE:HMLP ) Q2 2022 Earnings Conference Call August 24, 2022 8:30 AM ET Company Representatives Håvard Furu - Interim CEO, Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Höegh LNG Partners,...
Höegh LNG Partners LP Reports Financial Results for the Quarter Ended June 30, 2022
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 2022 Reported total...
Höegh LNG Partners LP - Invitation to Presentation of Second Quarter 2022 Results
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.
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