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Hoegh LNG Holdings Ltd (HLNGH.OL)

HLNGH.OL on Oslo Stock Exchange

61.00NOK
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Hoegh LNG terminates FSRU deal, hopes for alternative employment
Friday, 24 Nov 2017 07:32am EST 

Nov 24 (Reuters) - Hoegh Lng Holdings Ltd :Termination of fsru charter agreement with Global Energy Infrastructure.‍As explained in its q3 2017 financial report issued 16 november 2017, Hoegh lng has considered its options under contract with GEI​.‍Concluded to terminate fsru charter agreement signed 15 december 2016​.‍Hoegh lng is involved in several ongoing processes for alternative employment for fsru number 9, which was originally intended for the GEI project.‍Remains optimistic that firm fsru employment will be in place before delivery end 2018​.  Full Article

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000
Wednesday, 22 Nov 2017 01:34am EST 

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.  Full Article

Baupost sold 200,000 Hoegh LNG shares on behalf of clients
Tuesday, 21 Nov 2017 09:07am EST 

Nov 21 (Reuters) - Hoegh LNG Holdings Ltd :‍baupost group sold 200,000 shares in hoegh lng holdings ltd on behalf of several clients​.‍baupost acts as discretionary investment adviser to its clients, and is authorized to exercise voting rights attached to shares under management on a discretionary basis.Following the transaction, the aggregate shareholding in HLNG over which Baupost is authorized to exercise voting rights on a discretionary basis is below 5 pct​.  Full Article

Hoegh LNG: Primary insider buys 250,000 shares in company at NOK 61.75 per share​
Tuesday, 21 Nov 2017 01:31am EST 

Nov 21 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & Co. ltd, a primary insider of Höegh LNG, purchased 250,000 common shares in company on 20 november 2017 for a price of nok 61.75 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is the primary beneficiary, holds a total of 32,229,953 shares, representing 41.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP.​.  Full Article

Hoegh LNG sold remaining 49 pct Grace stake for $172.5 mln
Thursday, 16 Nov 2017 01:15am EST 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Hoegh Grace, to Hoegh LNG Partners LP for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Hoegh Grace expected to be outstanding at the closing date of the transaction.  Full Article

Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - Hoegh Lng Partners Lp -:HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE.‍PURCHASE PRICE FOR ACQUISITION WILL BE $85.9 MILLION​.CO INTENDS TO SETTLE PURCHASE PRICE WITH COMBINATION OF CASH AND DRAWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.HOEGH LNG PARTNERS LP - ANTICIPATES RECOMMENDING TO BOARD DISTRIBUTION INCREASE WITH RESPECT TO QUARTER ENDING MARCH 31, 2018 TO REFLECT ACQUISITION​.‍BOARD OF DIRECTORS OF PARTNERSHIP AND CONFLICTS COMMITTEE HAVE APPROVED ACQUISITION AND PURCHASE PRICE​.  Full Article

Hoegh LNG Holdings Q3 misses forecast due one-off provision
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :Hoegh lng q3 ebitda $‍31.6​ million (reuters poll $38.2 million).‍ebitda of usd 31.6 million, or usd 40.6 million adjusted for non-recurring items​.Hoegh lng q3 result after tax $‍1.1​ million.‍profit after tax of usd 1.1 million, or usd 10.8 million adjusted for non-recurring items​.Hoegh lng declares dividend of $‍0.125​ per share (reuters poll $0.125).‍activity in fsru and lngc markets is high​.‍remain confident that we will secure additional long term contracts to supplement our current backlog and fleet employment​.‍we are further pleased to see that strong financial platform of höegh lng is facilitating further diversification of debt and equity funding sources supporting growth of company​.Hoegh lng q3 operating result $20.4‍​ million (reuters poll $27.2 million).Provision made with regards to performance guarantees on neptune and gdf suez cape ann relating to the initial years when they were operated as lng carriers‍​.Confident it will reach its goal of having 12 fsrus in operation or under construction by 2019.Well positioned to take advantage of further growth opportunities‍​.  Full Article

Höegh LNG Partners announces pricing of series A preferred unit offering
Thursday, 28 Sep 2017 03:12pm EDT 

Sept 28 (Reuters) - Hoegh Lng Holdings Ltd - :Höegh LNG partners LP announces pricing of Series A preferred unit offering.Priced public offering of 4 million of 8.75% series cumulative redeemable preferred units at $25.00 per unit.Distributions will be payable on series a preferred units at initial rate of 8.75% per annum of stated liquidation preference of $25.00.  Full Article

Hoegh LNG Partners plans to offer Series A preferred units
Thursday, 28 Sep 2017 09:50am EDT 

Sept 28 (Reuters) - Hoegh LNG Holdings Ltd ::Höegh LNG Partners plans to offer Series A Cumulative Redeemable Preferred Units representing limited partner interests, in a public offering .The Partnership expects to grant the underwriters a 30-day option to purchase additional Series A Preferred Units.The Partnership intends to use the net proceeds from the offering and any exercise of the underwriters' option to purchase additional Series A Preferred Units to repay the approximately $34.4 million outstanding under the 8% seller's credit note related to the Partnership's acquisition of the floating storage and regasification unit Höegh Gallant.The remainder of the net proceeds will be used for general partnership purposes, which may include the repayment of additional indebtedness or the funding of acquisitions (including the potential purchase of an additional 23.5% interest in the joint ventures that own and operate the FSRUs Neptune and GDF Suez Cape Ann and/or the potential.purchase of the 49% interest in the owner of the entities that own and operate the FSRU Höegh Grace) or other capital expenditures.Morgan Stanley, UBS Investment Bank and Stifel are acting as the joint bookrunners in connection with the offering.The Partnership intends to apply to have the Series A Preferred Units listed on the New York Stock Exchange.  Full Article

Hoegh LNG Q2 EBITDA beats forecast
Thursday, 24 Aug 2017 01:00am EDT 

Aug 24 (Reuters) - HOEGH LNG HOLDINGS LTD :HOEGH LNG Q2 EBITDA $37.7 MLN (REUTERS POLL $35.4 MILLION) VS $36.7 MLN IN Q1 2017.SAYS THE QR/QR INCREASE IN EBTIDA IS MAINLY ATTRIBUTABLE TO REIMBURSEMENT FOR ACCRUED COSTS RELATED TO THE PAKISTAN INFRASTRUCTURE PROJECT, LOWER ADMINISTRATIVE EXPENSES, AND TIME-CHARTER INCOME FOR HOEGH GIANT.HOEGH LNG Q2 NET RESULT $8.5 MILLION (REUTERS POLL $2.38 MILLION).HOEGH LNG DECLARES DIVIDEND OF $0.125 PER SHARE.HOEGH LNG REVENUE BACKLOG $6.1 BLN AT END Q2 VERSUS $6.2 BLN AT END Q1.SAYS THE COMPANY IS CONTINUING TO PURSUE ADDITIONAL BUSINESS OPPORTUNITIES AND REMAINS CONFIDENT IT WILL REACH ITS GOAL OF A FLEET OF 12 UNITS IN OPERATION OR UNDER CONSTRUCTION BY 2019.HOEGH LNG OPERATES SEVEN FLOATING STORAGE AND REGASIFICATION VESSELS (FSRU'S) AND TWO LNG CARRIERS, AND HAS THREE FSRU'S UNDER CONSTRUCTION.  Full Article

BRIEF-Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000

* ‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share