Edition:
United States

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.