Höegh LNG Partners LP
HMLP-PA
New York Stock Exchange17.99
USD
- -
- -
CIK
0001603016
Return %
Stock
S&P500
1Y
-20.22
19.01
3Y
-30.70
65.49
5Y
-28.95
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- IPO Date
- Oct 4, 2017
- CIK
- 0001603016
- Similar Companies
- Business
- Höegh LNG Partners LP Höegh LNG Partners LP owns and operates floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters of five or more years with major energy companies and utilities; its fleet consists of modern FSRUs serving as floating LNG import terminals across global markets including Europe, Latin America, and the Middle East. The partnership, formed in 2014 as a master limited partnership (MLP) and headquartered in Hamilton, Bermuda, operates as a subsidiary of Höegh Evi Ltd. (formerly Höegh LNG Holdings Ltd.), leveraging the parent's extensive experience in LNG infrastructure dating back to the 1970s. Höegh LNG Partners targets utility companies and energy firms requiring reliable LNG import and regasification solutions, with operations supported by mailing addresses in Oslo, Norway. In September 2022, Höegh LNG Holdings Ltd. completed the acquisition of all publicly held common units of Höegh LNG Partners LP for $9.25 per unit, resulting in the delisting of common units from the New York Stock Exchange; the 8.75% Series A Cumulative Redeemable Preferred Units, with approximately 7 million outstanding, were voluntarily delisted from the NYSE and deregistered with the SEC effective January 3, 2023. Höegh Evi Ltd., the parent entity, rebranded from Höegh LNG in September 2024 to reflect its expanded focus on energy vector infrastructure, including developments in floating solutions for carbon capture and storage, ammonia, and hydrogen; in December 2024, Morgan Stanley Infrastructure Partners sold its 50% stake in Höegh Evi's holding company to Igneo Infrastructure Partners, while the Høegh family retained its 50% ownership. The partnership continues to announce quarterly cash distributions on its preferred units, including for Q3 and Q4 2024 and Q1 2025, amid stable fleet operations under long-term contracts.
Delisting Risk: A Growing Concern For Preferred Stock Investors
Höegh LNG Partners LP Announces New Director and New Chairman
Höegh LNG Partners LP Reports Financial Results for the Quarter Ended September 30, 2022
Höegh LNG Partners LP Announces Change to Board of Directors