Hoegh LNG Partners

Höegh LNG Partners LP engages in acquisition and operation of floating storage and re-gasification units (FSRUs). It operates through the Majority Held FSRUs, and Joint Venture FSRUs segments. The Majority Held FSRUs segment includes the direct financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace. The Joint Venture FSRUs segment deals with financing lease related to the PGN FSRU Lampung and the operating lease related to the Hoegh Gallant. The company was founded on April 28, 2014 and is headquartered in Hamilton, Bermuda.

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Hoegh LNG Partners LP is a floating LNG service provider company. They offer services for oil and gas companies, utility companies, shipbuilders, financing sources, and suppliers. They provide services for the marine industry.

Shares of Hoegh LNG Partners LP plummeted 60.9% in morning trading, enough to make them the biggest loser listed on major U.S. exchanges, after the company, which engages in undertaking of floating storage and re-gasification units (FSRUs) slashed its quarterly dividend by 98% while it resolves issues related to the refinancing of a credit facility. Hoegh LNG said late Tuesday it will cut is quarterly dividend to 1 cent a share from 44 cents, with the new dividend payable on Aug. 13 to shareholders of record on Aug. 6.

Hoegh LNG Partners stock plummets after slashing dividend by 98%

The energy partnership did the one thing dividend investors hate most. And they reacted as you'd expect.

Why Hoegh LNG Partners Plunged 63% at the Open Today

Hoegh LNG Partners (NYSE: HMLP) shares fell 55.8% to $7.90 Tuesday afternoon after the partnership announced it cut its quarterly distribution from $0.44 to $0.01 per unit. The partnership said it 'needs to conserve its internally generated cash flows to resolve issues related to the ongoing refinancing of the PGN FSRU Lampung credit facility' and said it expects to use its cash flow to reduce debt levels and strengthen its balance sheet.

Why Shares Of Hoegh LNG Partners Fell Tuesday Afternoon

HAMILTON, Bermuda, July 27, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) today announced that its Board of Directors has reduced the Partnership's quarterly cash distribution to $0.01 per common unit, down from a distribution of $0.44 per common unit in the first quarter of 2021, commencing with the distribution for the second quarter of 2021 payable on August 13, 2021 to common unitholders of record as of the close of business on August 6, 2021. The Partnership needs to conserve its internally generated cash flows to resolve issues related to the ongoing refinancing of the PGN FSRU Lampung credit facility as described below.

Höegh LNG Partners LP Declares Distributions and Announces Reduction in Quarterly Cash Distributions to Common Units

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DALLAS, July 1, 2021 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 9, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 12, 2021: Constituents added: Oasis Midstream Partners LP (NASDAQ: OMP)Höegh LNG Partners LP (NYSE: HMLP) Constituents removed: DCP Midstream, LP (NYSE: DCP)Genesis Energy, L.P.

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

When last reviewing Höegh LNG Partners approximately eight months ago, it was found that their distributions were risky with it now feeling timely to review their subsequent progress.

Höegh LNG Partners: 10% Yield Is Getting Safer By The Quarter, But Still Not Quite There

HAMILTON, Bermuda, June 8, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) advises that its 2021 Annual Meeting was held on June 8, 2021 at 2 P.M. Bermuda time at Appleby, Canon's Court, 22 Victoria Street, Hamilton, HM 12 Bermuda.

Höegh LNG Partners LP Announces Results of 2021 Annual Meeting and Changes to its Board of Directors

Höegh LNG Partners' (HMLP) CEO Sveinung Stohle on Q1 2021 Results - Earnings Call Transcript

HAMILTON, Bermuda, May 27, 2021 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its financial results for the quarter ended March 31, 2021. Highlights Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is our highest priority No reported cases of COVID-19; 100% availability of FSRUs for the first quarter of 2021 Reported total time charter revenues of $34.8 million for the first quarter of 2021 compared to $36.7 million of time charter revenues for the first quarter of 2020 Generated operating income of $31.7 million, net income of $23.8 million and limited partners' interest in net income of $20.0 million for the first quarter of 2021 compared to operating income of $13.4 million, net income of $5.5 million and limited partners' interest in net income of $1.8 million for the first quarter of 2020 Operating income, net income and limited partners' interest in net income were impacted by unrealized gains on derivative instruments for the first quarter of 2021 compared with unrealized losses on derivative instruments for the first quarter of 2020 mainly on the Partnership's share of equity in earnings (losses) of joint ventures Excluding the impact of unrealized gains (losses) on derivative instruments for the first quarter of 2021 and 2020 impacting the equity in earnings (losses) of joint ventures, operating income would have been $24.1 million for the three months ended March 31, 2021, a decrease of $1.1 million from $25.2 million for the three months ended March 31, 2020 Generated Segment EBITDA1 of $34.5 million for the first quarter of 2021, a decrease of $1.6 million from $36.1 million for the first quarter of 2020 On May 14, 2021, paid a $0.44 per unit distribution on common units with respect to the first quarter of 2021, equivalent to $1.76 per unit on an annualized basis On May 17, 2021, paid a distribution of $0.546875 per 8.75% Series A cumulative redeemable preferred unit (the "Series A preferred unit"), for the period commencing on February 15, 2021 to May 14, 2021 Sveinung Støhle, Chief Executive Officer stated: "In the first quarter of 2021, Höegh LNG Partners' fleet of modern, full-size FSRUs once again achieved 100% availability, providing us with consistent cash flows and strong support for our quarterly distributions to unitholders.

Höegh LNG Partners LP Reports Financial Results for the Quarter Ended March 31, 2021

HAMILTON, Bermuda, May 20, 2021 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) first quarter 2021 results will be released on Thursday, May 27, 2021, before the market opens. In connection with this, a presentation will be held at 8:30 A.M.

Höegh LNG Partners LP - Invitation to Presentation of First Quarter 2021 Results

HAMILTON, Bermuda, May 5, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) advises that its 2021 Annual Meeting will be held on June 8, 2021. The record date for voting at the Annual Meeting, at which a member of the Board of Directors of the Partnership will be elected, is set to May 17, 2021.

Höegh LNG Partners LP Announces 2021 Annual Meeting

Hoegh LNG (HMLP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Hoegh LNG (HMLP) Surges 5.6%: Is This an Indication of Further Gains?

HAMILTON, Bermuda, April 22, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended March 31, 2021 of $0.44 per unit for the common units. The distribution corresponds to an annualized distribution of $1.76 per unit.

Höegh LNG Partners LP Cash Distributions for the First Quarter 2021

HMLP common yields 11.5% - 2020 distribution coverage was 1.22X. There's also an 8% yielding preferred unit.

Hoegh LNG Partners LP: 11% Yield, 1.2X Coverage, No K-1

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These dividend dog prices are all sourced from YCharts. Six or more were discarded for unsustainable dividends above 25%.

55 10%+Yield Dividend Stocks Priced $5-$56 For April

HAMILTON, Bermuda, April 9, 2021 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the SEC and can be accessed on the Partnership's website www.hoeghlngpartners.com under the "SEC Filings" section or on the website of the U.S. Securities and Exchange Commission at  www.sec.gov . Unitholders may also request a hard copy of the Annual Report, which includes the Partnership's complete audited financial statements, free of charge, by contacting the Partnership at: Höegh LNG Partners LPCanon's Court22 Victoria Street Hamilton HM 12 Bermuda Tel: +1 (441) 298-3300 E-mail:  ir@hoeghlngpartners.com   About Höegh LNG Partners LP Höegh LNG Partners LP is a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd.

Höegh LNG Partners LP Announces Availability of Its Form 20-F for the Year Ended December 31, 2020

Hoegh LNG (HMLP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Hoegh LNG (HMLP) Surges 6.8%: Is This an Indication of Further Gains?

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Analyst top-10 target net-gain estimates for these bargain basement dogs 3/4/21 ranged 15.05%-60.54% from HMLP, FSKR, FSK, BPMP, KNOP, CHMI, DHT, SCU, MAGS, EURN, and top pick, USAC per YCharts. Top-10 10%+Yield@$5-$25 priced firms by yield, FSUMF, SCU, ORC, SRLP, SOLLY, IMBBF, SHLX, USAC, DHT, and top dog, EURN ranged 13.24%-19.14%. Expect more dividend adjustments in coming weeks.

44 10%-Plus Yield Dividend Stocks Priced $5-$25 For March

HMLP has maintained the quarterly distribution which currently yields 11.5%.

Hoegh LNG Partners: The Dividend Leader In LNG Midstream

Höegh LNG Partners LP (HMLP) CEO Sveinung Støhle on Q4 2020 Results - Earnings Call Transcript

HAMILTON, Bermuda, Feb. 25, 2021 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its preliminary financial results for the quarter ended December 31, 2020. Highlights Continued measures to mitigate the risks from the COVID-19 pandemic and ensure...

Höegh LNG Partners LP Reports Preliminary Financial Results for the Quarter Ended December 31, 2020

Höegh LNG Partners leases FSRUs (floating storage regasification units) on very long-term contracts. Their contracts are very profitable and have an average of over 8.5 years until expiration making HMLP an unusually stable shipping company.

8.4% 'Qualified Dividend' On A Preferred Stock From Very Stable Hoegh LNG Partners

HAMILTON, Bermuda, Feb. 18, 2021 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) fourth quarter 2020 results will be released on Thursday, February 25, 2021, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Thursday, February 25,...

Höegh LNG Partners LP - Invitation to Presentation of Fourth Quarter 2020 Results

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These dividend dog 10%+ Yield @ $5-$25 prices are all sourced from YCharts which allows a dividend yield to persist for 365 days after the most recent report if a dividend is cut. Analyst top ten target net gain estimates for top ten bargain basement dogs 2/10/21 ranged 14.09%-34.06% from SOLLY, SHLX, HMLP, MAGS, OKENF, BPMP, MPLX, TRMD, CHMI, and top pick, KNOP per YCharts data.

54 10%+ Yield Dividend Stocks Priced $5-$25 For February

Amid massive gains over the stock's prolonged recovery over the past few months, we decided to let half of our position go early in January. Despite our risk-adjusted trade, we remain bullish on the stock and believe it has more room to run ahead.

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