Hoegh LNG Partners (HMLP) Tops Q4 EPS by 8c, Revenues Beat

Hoegh LNG Partners (NYSE: HMLP) reported Q4 EPS of $0.47, $0.08 better than the analyst estimate of $0.39. Revenue for the quarter came in at $38.54 million versus the consensus estimate of $37.03 million.

Steffen Føreid, Chief Executive Officer and Chief Financial Officer stated: "Höegh LNG Partner's assets performed according to contract during the fourth quarter, resulting in a robust coverage ratio despite historical property taxes weighting on the result. More broadly, global trade in LNG continues to increase year-on-year, which together with competitive LNG pricing is having a positive impact on the demand for regasification services. With an established platform of long-term contracts, Höegh LNG Partners is in a strong position to maintain its leadership position in the FSRU sector and to grow as acquisition opportunities crystalize."

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

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