Höegh LNG Partners LP (HMLP)

Hoegh LNG Partners preferred shares offer robust dividend coverage, with a payout ratio of just 17% and strong balance sheet support. The recent $27.2M tender offer reduced preferred shares outstanding, improving dividend coverage and lowering the preferred equity ratio to just over 22%. HMLPF's preferred dividends remain attractive, yielding 11.2% at current prices, with no skipped payments and nearly $500M in common equity subordinated to preferred holders.

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.

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 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 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.

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.

HAMILTON, Bermuda , Dec. 5, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") announces that its board of directors (the "Board") has approved the delisting of the Partnership's 8.75% Series A Cumulative Redeemable Preferred Units (the "Preferred Units"). The Partnership also plans to give notice to the New York Stock Exchange ("NYSE") of its intent to voluntarily delist the Preferred Units and to withdraw the registration of its Preferred Units with the Securities and Exchange Commission ("SEC").

HAMILTON, Bermuda , Sept. 23, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") announces the completion of its previously announced acquisition by Höegh LNG Holdings Ltd.

HAMILTON, Bermuda , Sept. 20, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") announces that at a special meeting held today, the Partnership's common unitholders voted on and approved the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 25, 2022, by and among Höegh LNG Holdings Ltd.

HAMILTON, Bermuda , Sept. 13, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") announces that it has notified the New York Stock Exchange ("NYSE") of the anticipated closing date of the previously-announced merger (the "Merger") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 25, 2022, by and among Höegh LNG Holdings Ltd.

Höegh LNG Partners LP (NYSE:HMLP ) Q2 2022 Earnings Conference Call August 24, 2022 8:30 AM ET Company Representatives Håvard Furu - Interim CEO, Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Höegh LNG Partners, Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

HAMILTON, Bermuda , Aug. 24, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its financial results for the quarter ended June 30, 2022. Highlights 100% availability of FSRUs for the second quarter of 2022 Reported total time charter revenues of $36.9 million for the second quarter of 2022 compared to $34.7 million of time charter revenues for the second quarter of 2021 Generated operating income of $22.3 million, net income of $13.1 million and limited partners' interest in net income of $9.2 million for the second quarter of 2022 compared to operating income of $24.1 million, net income of $2.6 million and limited partners' interest in net loss of $1.2 million for the second quarter of 2021 Operating income, net income and limited partners' interest in net income (loss) were impacted by unrealized gains on derivative instruments for the second quarter of 2022 and 2021, mainly on the Partnership's share of equity in earnings of joint ventures On August 12, 2022, paid a cash distribution of $0.01 per common unit with respect to the second quarter of 2022 On August 15, 2022, paid a cash distribution of $0.546875 per 8.75% Series A cumulative redeemable preferred unit ("Series A preferred unit"), for the period commencing on May 16, 2022 to August 14, 2022 On May 25, 2022, the Partnership entered into a definitive merger agreement with Höegh LNG Holdings Ltd.

HAMILTON, Bermuda , Aug. 17, 2022 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) second quarter 2022 results will be released on Wednesday, August 24, 2022, before the market opens. In connection with this, a presentation will be held at 8:30 A.M.

HAMILTON, Bermuda , Aug. 12, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") announced today that it has established a record date of August 22, 2022 for a special meeting of its unitholders currently planned to take place on September 20, 2022. At the special meeting, the holders of the Partnership's common units will vote on the previously announced proposed merger of the Partnership and a subsidiary of Höegh LNG Holdings Ltd.

HAMILTON, Bermuda , July 21, 2022 /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 June 30, 2022, of $0.01 per unit for the common units. The cash distribution for the common units will be paid on August 12, 2022, to all common unitholders of record as of the close of the business on August 1, 2022.

HAMILTON, Bermuda , June 9, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) advises that its 2022 Annual Meeting was held on June 9, 2022 at 4:00 P.M. local time at Appleby, Canon's Court, 22 Victoria Street, Hamilton, HM 12 Bermuda.