HMLP

HOEGH LNG PARTNERS LP

HMLP

Market cap $308M

Overview Fund Trends Analyst Outlook Journalist POV

Delisted

HMLP was delisted on the 23rd of September, 2022.

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Positive

Neutral

Negative

Sentiment 3-Months

Positive

Neutral 0%

Negative

Hoegh LNG Partners Preferred Units: Parent Not Likely To Play Foul - Buy

Höegh LNG Partners reported another set of strong quarterly results, with decent profitability and record cash generation. The company's entire fleet of floating storage and regasification units ("FSRUs") remains employed on profitable long-term contracts. In recent quarters, the partnership has distributed very substantial amounts of cash to parent Höegh Evi.

Hoegh LNG Partners Preferred Units: Parent Not Likely To Play Foul - Buy

Hoegh LNG Partners Preferred Units: Still Solid Despite Increased Cash Distributions To Parent - Buy

Höegh LNG Partners financial results continue to benefit from profitable long-term contracts for its FSRU fleet. Distributions to preferred unitholders represent only a small part of the company's free cash flow. Over the past six months, parent Höegh Evi has extracted more than $100 million in cash from the partnership.

Hoegh LNG Partners Preferred Units: Still Solid Despite Increased Cash Distributions To Parent - Buy

Höegh LNG Partners Preferred Units: Strong Fundamentals And Juicy 13.3% Distribution Yield (Upgrade)

Following its delisting from the NYSE in late 2022, Höegh LNG Partners' Series A Preferred Units are trading on the OTC Expert Market with limited access for retail investors. While the price has recovered in recent quarters, the preferred units are still trading at a large discount to its $25 liquidation preference thus resulting in a juicy 13.3% yield. In recent years, the partnership's financial condition has improved considerably. In addition, an amicable settlement in Q1/2024 resulted in $35 million in previously restricted cash becoming available.

Höegh LNG Partners Preferred Units: Strong Fundamentals And Juicy 13.3% Distribution Yield (Upgrade)

Hoegh LNG Partners Preferred Stock: 14.4% Yield While Balance Sheet Improves

Hoegh LNG Partners remains very profitable, covering dividends with ample net profit and maintaining a strong balance sheet. The partnership's prudent financial management, including debt reduction and controlled expenses, ensures a solid foundation for preferred shareholders. Preferred shares offer a high yield of 14.4%, attributed to limited buying options on the expert market, not financial performance.

Hoegh LNG Partners Preferred Stock: 14.4% Yield While Balance Sheet Improves

Hoegh LNG Partners 15.6% Yielding Preferred Shares: A High Risk/High Reward Trade-Off

Hoegh LNG Partners reported strong cash flow and financial results in its full-year report. The company's preferred dividends are fully covered, and it has recently started paying distributions on its common units. The partnership's almost $80M in free cash flow suggests it was taken private at a bargain valuation.

Hoegh LNG Partners: Speculative Preferred Shares Offer Appealing Yield

Höegh LNG Partners' preferred shares are still trading after delisting, but at half of their principal value. The company's financial performance remains strong, with increased operating income and well-covered preferred dividends. The ongoing arbitration case regarding the FSRU Lampung lease could have a negative impact on the company's financial situation.

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