Hoegh LNG Partners (HMLP) Tops Q3 EPS by 7c

Hoegh LNG Partners (NYSE: HMLP) reported Q3 EPS of $0.51, $0.07 better than the analyst estimate of $0.44. Revenue for the quarter came in at $37.3 million versus the consensus estimate of $37.67 million.

Steffen Føreid, Chief Executive Officer and Chief Financial Officer stated: "In the third quarter, all of Höegh LNG Partners' assets once again performed according to contract, providing the predictable long-term cash flow that underpins our well-supported distribution. We are pleased about the sponsor's amended time charter in Egypt that ensures employment of Höegh Gallant until April 2020. The announced refinancing of Höegh Gallant and Höegh Grace at attractive terms further demonstrates the Partnership\'s strong access to international bank financing, supported by its portfolio of long term contracts which generate stable and predictable cash flows and compelling growth prospects."

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

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