Hoegh LNG Partners (HMLP) Tops Q3 EPS by 19c

Hoegh LNG Partners (NYSE: HMLP) reported Q3 EPS of $0.57, $0.19 better than the analyst estimate of $0.38. Revenue for the quarter came in at $37 million versus the consensus estimate of $36.86 million.

Steffen Føreid, Chief Executive Officer and Chief Financial Officer stated: "Höegh LNG Partners' assets all performed according to contract and at 100% availability in the quarter, underpinning the partnership's well-supported distribution. Driven by environmental and cost arguments, demand for FSRU services continues to be strong, enabling importing countries to access global LNG markets in a cost effective and quick manner. With an established platform of long-term contracts, Höegh LNG Partners is well positioned to maintain its leadership position in the FSRU sector as growth opportunities crystalize."

For earnings history and earnings-related data on Hoegh LNG Partners (HMLP) click here.

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