Shares of Hoegh LNG Partners HMLP rose 4.9% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share fell 79.41% over the past year to $0.07, which may not compared to the estimate of $0.37.
Revenue of $36,686,000 rose by 1.51% year over year, which beat the estimate of $36,560,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Hoegh LNG Partners hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: May 28, 2020
Time: 08:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/942/34856
Price Action
Company's 52-week high was at $18.54
Company's 52-week low was at $4.67
Price action over last quarter: down 16.56%
Company Profile
Hoegh LNG Partners LP own and operate floating storage and regasification units (FSRUs), under long-term charters. The company's primary business objective is making accretive acquisitions of FSRUs, LNG carriers and other LNG infrastructure assets with long-term charters. It has two segments, which are the Majority held FSRUs and the Joint venture FSRUs. The Majority held FSRUs segment is a key revenue driver which includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant. The Joint venture FSRUs segment includes approximately two FSRUs, including the GDF Suez LNG Supply S.A. (GDF Suez) Neptune and the GDF Suez Cape Ann, which operate under long-term time charters.
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