Hoegh LNG: 1Q Earnings Snapshot
Posted May 28, 2020 08:25:37 AM.
Last Updated May 28, 2020 08:30:08 AM.
HAMILTON, Bermuda (AP) _ Hoegh LNG Partners LP (HMLP) on Thursday reported first-quarter net income of $5.5 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 7 cents. Earnings, adjusted for non-recurring costs, came to 53 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The provider of liquid natural gas transportation services posted revenue of $36.7 million in the period.
Hoegh LNG shares have decreased 36% since the beginning of the year. The stock has decreased 45% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMLP at https://www.zacks.com/ap/HMLP
The Associated Press
