Hoegh LNG Partners LP (NYSE:HMLP) is reporting third quarter financial results on Thursday 19th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, HMLP is expected to report 3Q20 income of $ 0.41 per share from revenue of $ 35.37 million.
For the full year, analysts anticipate top line of $ 141.36 million, while looking forward to income of $ 1.40 per share bottom line.
Previous Quarter Performance
Hoegh LNG Partners LP communicated income for the second quarter of $ 0.50 per share, from the revenue of $ 34.44 million. The quarterly earnings improved 400.00 percent compared with the same quarter last year. Street analysts expected Hoegh LNG Partners LP to report income of $ 0.34 per share on revenue of $ 35.30 million for the second quarter. The bottom line results beat street analysts by $ 0.16 or 47.06 percent, at the same time, top line results fell short of analysts by $ 0.86 million or 2.44 percent.
Stock Performance
Shares of Hoegh LNG Partners LP traded low $ -0.16 or -1.26 percent on Wednesday, reaching $ 12.58 with volume of 129.70 thousand shares. Hoegh LNG Partners LP has traded high as $ 13.25 and has cracked $ 12.58 on the downward trend
According to the previous trading day, closing price of $ 12.58, representing a 172.81 % increase from the 52 week low of $ 4.67 and a 24.35 % decrease over the 52 week high of $ 16.84.
The company has a market capital of $ 407.37 million and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Hoegh LNG Partners LP will be hosting a conference call at 8:30 AM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-855-239-1375 or +1-412-542-4123 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.hoeghlngpartners.com
Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2019, it had a fleet of five FSRUs.
